VNET Group (NASDAQ:VNET) Issues Quarterly Earnings Results, Misses Estimates By $0.04 EPS

VNET Group (NASDAQ:VNET) announced its quarterly earnings results on Wednesday. The information technology services provider reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.04), Zacks reports. VNET Group had a negative net margin of 28.54% and a negative return on equity of 5.68%. The business had revenue of $307.75 million during the quarter, compared to the consensus estimate of $284.88 million. VNET Group updated its FY 2025 guidance to EPS.

VNET Group Price Performance

VNET Group stock opened at $10.40 on Friday. The company’s 50 day moving average price is $8.99 and its two-hundred day moving average price is $5.47. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.46. VNET Group has a 52 week low of $1.42 and a 52 week high of $16.13. The stock has a market cap of $2.68 billion, a P/E ratio of -4.68, a P/E/G ratio of 1.01 and a beta of 0.06.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. UBS Group raised their price target on shares of VNET Group from $6.40 to $7.00 and gave the company a “buy” rating in a research report on Friday, November 29th. The Goldman Sachs Group raised shares of VNET Group from a “neutral” rating to a “buy” rating and raised their price target for the company from $3.10 to $5.00 in a research report on Friday, November 29th. Finally, Nomura Securities raised shares of VNET Group to a “strong-buy” rating in a research report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $4.78.

About VNET Group

VNET Group, Inc, an investment holding company, provides hosting and related services in China. It offers managed hosting services consisting of managed retail services, such as colocation services that dedicate data center space to house customers' servers and networking equipment, as well as allow customers to lease partial or entire cabinets for their servers; interconnectivity services that allow customers to connect their servers; value-added services, including hybrid IT, bare metal, firewall, server load balancing, data backup and recovery, data center management, server management, and backup server services; cloud services that allow customers to run applications over the internet using IT infrastructure; and VPN Services that extend customers' private networks by setting up connections through the public internet.