VNET Group Stock (NASDAQ:VNET)


ForecastRevenueOwnershipFinancialsChartTranscripts

Previous Close

$4.30

52W Range

$1.39 - $4.50

50D Avg

$2.54

200D Avg

$2.12

Market Cap

$1.11B

Avg Vol (3M)

$1.38M

Beta

-0.30

Div Yield

-

VNET Company Profile


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; server administration services; 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; VPN Services that extend customers' private networks by setting up connections through the public internet. The company also provides operating system support and assistance with updates, server monitoring, server backup and restoration, server security evaluation, firewall services, and disaster recovery services; site selection, planning, design, and construction services for wholesale and retail data centers. It serves information technology and cloud services, communications and social networking, gaming and entertainment, e-commerce, automobile, financial services, and blue-chip and small-to-mid-sized enterprises; government agencies; individuals; and telecommunication carriers. As of December 31, 2021, it operated 40 self-built data centers and 64 partnered data centers with 78,540 cabinets under management. The company was formerly known as 21Vianet Group, Inc. and changed its name to VNET Group, Inc. in October 2021. VNET Group, Inc. was founded in 1999 and is headquartered in Beijing, the People's Republic of China.

Show More

Industry

Information Technology Services

Sector

Technology

Exchange

NASDAQ

ADR

Yes

Country

CN

Employees

3,038

IPO Date

Apr 21, 2011

Website

VNET Performance


Revenue Breakdown


Revenue Breakdown by Product/Service

Product/ServiceDec 19Dec 18
Hosting And Related Services¥3.79B-
Grant-¥500.00K

Fiscal year ends in Dec 23 | Currency in CNY

VNET Financial Summary


Dec 23Dec 22Dec 21
Revenue¥7.41B¥7.07B¥6.19B
Operating Income¥-100.02M¥166.09M¥-261.92M
Net Income¥-2.64B¥-763.92M¥500.10M
EBITDA¥1.67B¥1.76B¥1.01B
Basic EPS¥-17.60¥-5.17¥3.42
Diluted EPS¥-17.60¥-5.17¥-2.16

Fiscal year ends in Dec 23 | Currency in CNY

Latest Earnings Call Transcripts


Q2 24Aug 28, 24 | 12:35 PM
Q1 24May 29, 24 | 12:00 AM
Q4 23Mar 28, 24 | 2:21 AM

Peer Comparison


TickerCompany
PRFTPerficient, Inc.
GGenpact Limited
BRBroadridge Financial Solutions, Inc.
TASKTaskUs, Inc.
CACICACI International Inc
ASGNASGN Incorporated
JKHYJack Henry & Associates, Inc.
EXLSExlService Holdings, Inc.
WNSWNS (Holdings) Limited
CDWCDW Corporation
TTECTTEC Holdings, Inc.
CLVTClarivate Plc
TWKSThoughtworks Holding, Inc.
GDSGDS Holdings Limited