Could 21Vianet Group, Inc. (NASDAQ:VNET) Post Life-Changing Returns? – Marketing Sentinel
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Could 21Vianet Group, Inc. (NASDAQ:VNET) Post Life-Changing Returns?

In the last trading session, 2,719,732 21Vianet Group, Inc. (NASDAQ:VNET) shares changed hands as the company’s beta touched 0.19. With the company’s per share price at $24.85 changed hands at $0.35 or 0.01% during last session, the market valuation stood at $3.57 Billion. VNET’s last price was a discount, traded about -78.87% off its 52-week high of $44.45. The share price had its 52-week low at $19.54, which suggests the last value was 21.37% up since then. When we look at 21Vianet Group, Inc.’s average trading volume, we note the 10-day average is 2.78 Million shares, with the 3-month average coming to 2.15 Million.

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Analysts gave the 21Vianet Group, Inc. (VNET) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.6. If we narrow down to specifics, the data shows that none out of 13 analysts rate the stock as a Sell, with a further 2 assigning it an Overweight rating. Of the remaining, none recommended VNET as a Hold, 11 felt it is a Buy and none rated the stock as Underweight. 21Vianet Group, Inc.’s EPS for the current quarter is expected to be -$0.05.


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21Vianet Group, Inc. (NASDAQ:VNET) trade information

Instantly VNET was in green as seen at the end of in last trading. With action 1.43%, the performance over the past five days has been green. The jump to weekly highs of $26.20 on Friday, Jun 18 added 5.15% to the stock’s daily price. The company’s shares are showing year-to-date downside of -0.28%, with the 5-day performance at 0.08% in the green. However, in the 30-day time frame, 21Vianet Group, Inc. (NASDAQ:VNET) is 0% down. Looking at the short shares, we see there were 7.46 Million shares sold at short interest cover period of 3.47 days.

21Vianet Group, Inc. (VNET) estimates and forecasts

Data shows that the 21Vianet Group, Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value dive -10.26% over the past 6 months, a 90.82% in annual growth rate that is considerably higher than the industry average of 6.8%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for 21Vianet Group, Inc. will rise +68.8%, while the growth in revenue is estimated to hit 96.6% for the next quarter. Year-over-year growth is forecast to reach 27.7% up from the last financial year.

Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of $229.46 Million. 1 analysts are of the opinion that 21Vianet Group, Inc.’s revenue for the quarter ending September 01, 2021 will be $248.3 Million. The company’s revenue for the corresponding quarters a year ago was $168.45 Million and $192.31 Million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 36.2%. The estimates for the next quarter sales put growth at 29.1%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -34.1%. The 2021 estimates are for 21Vianet Group, Inc. earnings to increase by 93.3%, but the outlook for the next 5-year period is at 0% per year.

21Vianet Group, Inc. (NASDAQ:VNET)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 17.93% of 21Vianet Group, Inc. shares while 84.94% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 103.5%. There are 284 institutions holding the 21Vianet Group, Inc. stock share, with Blackstone Group Inc. the top institutional holder. As of Mar 30, 2021, the company held 6.19% of the shares, roughly 8.53 Million VNET shares worth $275.67 Million.

Cederberg Capital Ltd holds the second largest percentage of outstanding shares, with 5.25% or 7.24 Million shares worth $233.87 Million as of Mar 30, 2021.

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Among Mutual Funds, the top two as of Mar 30, 2021 were Northern Lights Fd Tr-Altegris/AACA Opportunistic Real Estate Fd and Vanguard International Stock Index-Emerging Markets Stk. With 1386976 shares estimated at $44.8 Million under it, the former controlled 1.01% of total outstanding shares. On the other hand, Vanguard International Stock Index-Emerging Markets Stk held about 0.92% of the shares, roughly 1.27 Million shares worth around $47.94 Million.

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