VNET Group upgraded by BofA Securities with a new price target
$VNET
Computer Software: Programming Data Processing
Technology
BofA Securities upgraded VNET Group from Neutral to Buy and set a new price target of $2.70 from $3.90 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/9/2024 | $5.20 | Hold → Buy | HSBC Securities |
| 3/19/2024 | $3.90 → $2.70 | Neutral → Buy | BofA Securities |
| 7/7/2023 | $3.40 | Neutral | BofA Securities |
| 6/12/2023 | $6.60 → $2.90 | Buy → Hold | HSBC Securities |
| 9/1/2022 | $7.20 → $5.90 | Outperform → Neutral | Credit Suisse |
| 5/25/2022 | $6.50 | Sell → Neutral | Goldman |
| 11/22/2021 | $17.39 | Hold → Buy | HSBC Securities |
| 11/19/2021 | $32.79 → $11.50 | Buy → Sell | Goldman |
BEIJING, Nov. 20, 2024 /PRNewswire/ -- VNET Group, Inc. (NASDAQ:VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced its unaudited financial results for the third quarter ended September 30, 2024. "We achieved strong third quarter results mainly driven by our wholesale IDC business," said Josh Sheng Chen, Founder, Executive Chairperson and interim Chief Executive Officer of VNET. "Our wholesale IDC business maintained its strong growth momentum as we capitalized on rising AI-driven demand. We also continued attracting high-quality customers during the third quarter, with six new order wins totaling 84MW. Notab
BEIJING, Nov. 7, 2024 /PRNewswire/ -- VNET Group, Inc. (NASDAQ:VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced that it will report its unaudited third quarter 2024 financial results on Wednesday, November 20, 2024, after the close of U.S. markets. The Company's management will host an earnings conference call at 8:00 PM U.S. Eastern Time on Wednesday, November 20, 2024, or 9:00 AM Beijing Time on Thursday, November 21, 2024. For participants who wish to join the call, please access the links provided below to complete the online registration process. English line:https://s1.c-conf.com/diamondpass/10043189
BEIJING, Nov. 1, 2024 /PRNewswire/ -- VNET Group, Inc. (NASDAQ:VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced the resignation of Mr. Changqing Ye as an independent director and a member of the audit committee of the Company's board of directors (the "Board"), effective October 31, 2024. Mr. Ye resigned for personal reasons and not due to any disagreement with the Board, the Company or any of its affiliates on any matter relating to the Company's operations, policies or practices. The Board has approved that Mr. Kenneth Chung-Hou Tai, who has served as an independent director of VNET since October 2012, w
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6-K - VNET Group, Inc. (0001508475) (Filer)
Gainers Ascent Solar Technologies (NASDAQ:ASTI) stock moved upwards by 33.9% to $0.16 during Monday's regular session. The company's market cap stands at $10.4 million. Coherent (NYSE:COHR) stock rose 16.5% to $66.47. The company's market cap stands at $10.1 billion. Transact Technologies (NASDAQ:TACT) shares rose 14.64% to $4.07. The market value of their outstanding shares is at $40.6 million. VNET Gr (NASDAQ:VNET) shares rose 13.39% to $2.2. The company's market cap stands at $579.0 million. The company's, Q1 earnings came out 3 days ago. Soluna Holdings (NASDAQ:SLNHP) stock rose 12.01% to $3.17. Inuvo (AMEX:INUV) shares increased by 10.98% to $0.28. The market value of their outsta
VNET Gr (NASDAQ:VNET) reported quarterly losses of $(0.12) per ADS which missed the analyst consensus estimate of $(0.02) by 500 percent.
HSBC Securities upgraded VNET Group from Hold to Buy and set a new price target of $5.20
BofA Securities upgraded VNET Group from Neutral to Buy and set a new price target of $2.70 from $3.90 previously
BofA Securities resumed coverage of VNET Group with a rating of Neutral and set a new price target of $3.40
BEIJING, July 30, 2024 /PRNewswire/ -- VNET Group, Inc. (NASDAQ:VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced the resignation of Mr. Erhfei Liu as an independent director of the Company's board of directors (the "Board"), effective July 24, 2024. Mr. Liu resigned for personal reasons and not due to any disagreement with the Board, the Company or any of its affiliates on any matter relating to the Company's operations, policies or practices. The Board has approved the appointment of Mr. David Lifeng Chen as a new independent director of the Board, effective immediately. The Board has reviewed the indepen
BEIJING, April 22, 2024 /PRNewswire/ -- VNET Group, Inc. (NASDAQ:VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced that Mr. Jeff Dong has resigned from his position as the Company's Chief Executive Officer due to personal reasons. Mr. Josh Sheng Chen, Founder and Co-chairperson of VNET, has been appointed to succeed Mr. Dong as the Company's interim CEO, effective immediately. The Company will announce once the appointment of the permanent CEO has been confirmed. Mr. Chen commented, "On behalf of the Company, we would like to express our sincere appreciation for Jeff's outstanding contributions to our achie
BEIJING, Oct. 14, 2022 /PRNewswire/ -- VNET Group, Inc. (NASDAQ:VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral Internet data center services provider in China, announced that the special committee (the "Special Committee") of the Company's Board of Directors (the "Board") has retained Kroll Securities, LLC and Kroll, LLC (operating through its Duff & Phelps Opinions Practice) as its independent financial advisor, and Davis Polk & Wardwell LLP as its independent legal counsel. The Special Committee was formed to evaluate and consider the previously announced preliminary non-binding acquisition proposal letter dated September 13, 2022 from Mr. Josh Sheng Chen, founder of
BEIJING, Nov. 20, 2024 /PRNewswire/ -- VNET Group, Inc. (NASDAQ:VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced its unaudited financial results for the third quarter ended September 30, 2024. "We achieved strong third quarter results mainly driven by our wholesale IDC business," said Josh Sheng Chen, Founder, Executive Chairperson and interim Chief Executive Officer of VNET. "Our wholesale IDC business maintained its strong growth momentum as we capitalized on rising AI-driven demand. We also continued attracting high-quality customers during the third quarter, with six new order wins totaling 84MW. Notab
BEIJING, Nov. 7, 2024 /PRNewswire/ -- VNET Group, Inc. (NASDAQ:VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced that it will report its unaudited third quarter 2024 financial results on Wednesday, November 20, 2024, after the close of U.S. markets. The Company's management will host an earnings conference call at 8:00 PM U.S. Eastern Time on Wednesday, November 20, 2024, or 9:00 AM Beijing Time on Thursday, November 21, 2024. For participants who wish to join the call, please access the links provided below to complete the online registration process. English line:https://s1.c-conf.com/diamondpass/10043189
BEIJING, Aug. 27, 2024 /PRNewswire/ -- VNET Group, Inc. (NASDAQ:VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced its unaudited financial results for the second quarter ended June 30, 2024. "We delivered another solid quarter through continued strong execution of our effective dual-core development strategy," said Josh Sheng Chen, Founder, Executive Chairperson and interim Chief Executive Officer of VNET. "The wholesale IDC business remained our key growth driver, highlighted by three new orders totaling 235MW for our Ulanqab IDC Campus in the Greater Beijing Area. Climbing utilization rates and a high pre-