21Vianet (VNET) Announces Quarterly Earnings Results, Misses Expectations By $0.60 EPS
21Vianet (NASDAQ:VNET) released its earnings data on Wednesday. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by $0.60, Analyst Ratings.Net reports. The company had revenue of $106.10 million for the quarter, compared to the consensus estimate of $641.93 million.
On a related note, analysts at Morgan Stanley reiterated an “overweight” rating on shares of 21Vianet in a research note on Thursday, June 5th. They now have a $35.00 price target on the stock. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $31.75.
21Vianet (NASDAQ:VNET) traded down 5.82% during mid-day trading on Wednesday, hitting $28.31. 884,570 shares of the company’s stock traded hands. 21Vianet has a 52-week low of $12.94 and a 52-week high of $32.34. The stock has a 50-day moving average of $28.60 and a 200-day moving average of $27.15. The company’s market cap is $1.881 billion.
21Vianet Group, Inc, formerly AsiaCloud Inc, is a holding company. The Company is a carrier-neutral Internet data center services provider in the People’s Republic of China.
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