Today, 21Vianet Group Inc. (VNET) Scheduled to Post Earnings on Monday

Today, 21Vianet Group Inc. (VNET) Scheduled to Post Earnings on Monday

21Vianet Group Inc. (NASDAQ:VNET) is set to announce its Q316 earnings results on Monday, November 28th. Analysts expect the company to announce earnings of ($0.14) per share and revenue of $133.55 million for the quarter.

21Vianet Group Inc. (NASDAQ:VNET) opened at 7.71 on Friday. The stock has a 50 day moving average of $0.00 and a 200-day moving average of $0.00. 21Vianet Group Inc. has a 52-week low of $6.77 and a 52-week high of $21.32.

Institutional investors have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC purchased a new position in 21Vianet Group during the second quarter worth approximately $100,000. Vanguard Group Inc. purchased a new position in 21Vianet Group during the second quarter worth approximately $196,000. BlackRock Inc. raised its position in 21Vianet Group by 45.7% in the second quarter. BlackRock Inc. now owns 25,465 shares of the company’s stock worth $260,000 after buying an additional 7,983 shares in the last quarter. EverPoint Asset Management LLC purchased a new position in 21Vianet Group during the second quarter worth approximately $511,000. Finally, Voloridge Investment Management LLC purchased a new position in 21Vianet Group during the second quarter worth approximately $521,000. 25.28% of the stock is currently owned by institutional investors.

A number of analysts have issued reports on VNET shares. Zacks Investment Research upgraded shares of 21Vianet Group from a “sell” rating to a “hold” rating in a research note on Thursday, July 28th. JPMorgan Chase & Co. cut shares of 21Vianet Group from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $21.00 to $5.60 in a research note on Wednesday, August 17th.

About 21Vianet Group

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