21Vianet Group (NASDAQ:VNET) Updates Q2 2021 Earnings Guidance

21Vianet Group (NASDAQ:VNET) updated its second quarter 2021 earnings guidance on Tuesday. The company provided earnings per share guidance of $- for the period. The company issued revenue guidance of $224.37 million-227.42 million.

Shares of VNET traded down $0.31 during trading hours on Thursday, hitting $22.72. 96,247 shares of the stock traded hands, compared to its average volume of 2,275,111. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.90. 21Vianet Group has a 1-year low of $19.54 and a 1-year high of $44.45. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of -5.82 and a beta of 0.23. The firm has a fifty day simple moving average of $24.56.

21Vianet Group (NASDAQ:VNET) last announced its quarterly earnings data on Monday, May 24th. The information technology services provider reported ($0.60) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.12). 21Vianet Group had a negative net margin of 59.54% and a negative return on equity of 49.77%. As a group, equities research analysts expect that 21Vianet Group will post -0.38 earnings per share for the current year.

Several research firms have recently weighed in on VNET. Zacks Investment Research upgraded shares of 21Vianet Group from a sell rating to a hold rating in a report on Wednesday, June 9th. Citigroup lifted their price target on 21Vianet Group from $33.00 to $47.00 in a research note on Wednesday, March 3rd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. 21Vianet Group currently has an average rating of Buy and a consensus price target of $43.50.

About 21Vianet Group

21Vianet Group, Inc, an investment holding company, provides hosting and related services to Internet companies, government entities, blue-chip enterprises, and small-to mid-sized enterprises in the People's Republic of China. It offers hosting and related services to house servers and networking equipment in its data centers, and connects them through a data transmission network.

Recommended Story: G-20

Earnings History and Estimates for 21Vianet Group (NASDAQ:VNET)

Receive News & Ratings for 21Vianet Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 21Vianet Group and related companies with MarketBeat.com's FREE daily email newsletter.