21Vianet Group Inc (VNET) reported quarterly earnings results on Tuesday, Aug-16-2016. The company reported $-0.17 earnings per share for the quarter, missing the analyst consensus estimate by $-0.08. Analysts had a consensus of $-0.09. The company posted revenue of $137.10 million in the period, compared to analysts expectations of $129.62 million. The company’s revenue was down -1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.02 EPS.
Many Wall Street Analysts have commented on 21Vianet Group Inc. 21Vianet Group Inc was Resumed by Morgan Stanley to “Underweight” on Jul 8, 2016.
21Vianet Group Inc opened for trading at $10.42 and hit $10.91 on the upside on Monday, eventually ending the session at $10.91, with a gain of 6.23% or 0.64 points. The heightened volatility saw the trading volume jump to 25,62,066 shares. Company has a market cap of $953 M.
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.