21Vianet Group Inc (VNET) is Reiterated by Stifel to Hold, Lowers Price Target to $ 9

21Vianet Group Inc (VNET) was Reiterated by Stifel to “Hold” while Lowering the Price Target of the company shares to $ 9 from a previous price target of $10 . Stifel advised their investors in a research report released on Nov 29, 2016.

On the company’s financial health, 21Vianet Group Inc reported $-0.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Nov 28, 2016. Analyst had a consensus of $-0.15. The company had revenue of $145.20 million for the quarter, compared to analysts expectations of $136.84 million. During the same quarter in the previous year, the company posted $0.02 EPS.

21Vianet Group Inc (VNET) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $7.77 and reached the intraday high at $7.77. The bulls started the profit booking and pushed the shares to intraday low of $7.65. The trading session was marked by a volume range of 2,61,116 shares exchanging hands. The 52-week high of the shares is $21.32 and the 52-week low is $6.77. The market cap of the company stands at $878 M and there are 11,38,50,000 shares in public circulation.

21Vianet Group Inc. is a carrier-neutral Internet data center services provider in China. The Company hosts its customers’ servers and networking equipment and provides interconnectivity to improve the performance availability and security of their Internet infrastructure. The Company also provides managed network services to enable customers to deliver data across the Internet in a faster and reliable manner through its data transmission network and smart routing technology. The Company provides complementary Internet infrastructure services such as content delivery network (CDN) services virtual private network (VPN) services and last-mile wired broadband services to improve the security speed and quality of data transmission in China. It offers public cloud services private cloud and hybrid services. In addition the Company also offers container-based data center service.

21Vianet Group Inc

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