21Vianet Target of Unusually High Options Trading (VNET)
21Vianet (NASDAQ:VNET) was the target of unusually large options trading activity on Thursday. Stock investors purchased 3,737 put options on the stock, Analyst Ratings.Net reports. This represents an increase of approximately 1,525% compared to the typical daily volume of 230 put options.
A number of research firms have recently commented on VNET. Analysts at Canaccord Genuity raised their price target on shares of 21Vianet from $31.00 to $35.00 in a research note on Thursday. They now have a “buy” rating on the stock. 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 research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. 21Vianet presently has an average rating of “Buy” and an average price target of $32.75.
21Vianet (NASDAQ:VNET) traded up 1.31% during mid-day trading on Thursday, hitting $28.68. The stock had a trading volume of 2,197,061 shares. 21Vianet has a 1-year low of $13.13 and a 1-year high of $32.34. The stock’s 50-day moving average is $28.56 and its 200-day moving average is $27.16. The company’s market cap is $1.906 billion.
21Vianet (NASDAQ:VNET) last released its earnings data on Wednesday, August 27th. The company reported $0.05 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.65 by $0.60. The company had revenue of $106.10 million for the quarter, compared to the consensus estimate of $641.93 million. During the same quarter last year, the company posted $0.05 earnings per share. 21Vianet’s revenue was up 38.2% compared to the same quarter last year. On average, analysts predict that 21Vianet will post $3.17 earnings per share for the current fiscal year.
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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