Wall Street brokerages expect that 21Vianet Group, Inc. (NASDAQ:VNET) will announce earnings of ($0.09) per share for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for 21Vianet Group’s earnings. 21Vianet Group posted earnings of ($0.22) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 59.1%. The business is expected to announce its next earnings report on Tuesday, August 15th.

On average, analysts expect that 21Vianet Group will report full year earnings of ($0.30) per share for the current financial year. For the next year, analysts forecast that the business will report earnings of ($0.23) per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover 21Vianet Group.

Several equities research analysts have commented on the company. Stifel Nicolaus restated a “hold” rating and issued a $7.50 target price (down previously from $9.00) on shares of 21Vianet Group in a research note on Saturday, March 11th. Zacks Investment Research upgraded 21Vianet Group from a “hold” rating to a “buy” rating and set a $6.25 target price on the stock in a research note on Wednesday, March 15th.

21Vianet Group (NASDAQ VNET) opened at 5.56 on Tuesday. The company’s market cap is $628.83 million. The company’s 50-day moving average is $5.40 and its 200 day moving average is $6.34. 21Vianet Group has a 12 month low of $4.92 and a 12 month high of $11.74.

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Several large investors have recently made changes to their positions in VNET. FIL Ltd boosted its stake in shares of 21Vianet Group by 309.4% in the first quarter. FIL Ltd now owns 1,164,773 shares of the information technology services provider’s stock worth $6,395,000 after buying an additional 880,273 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of 21Vianet Group by 149.0% in the first quarter. Dimensional Fund Advisors LP now owns 655,611 shares of the information technology services provider’s stock worth $3,602,000 after buying an additional 392,311 shares in the last quarter. State Street Corp boosted its stake in shares of 21Vianet Group by 17.0% in the fourth quarter. State Street Corp now owns 231,557 shares of the information technology services provider’s stock worth $1,623,000 after buying an additional 33,725 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of 21Vianet Group by 37.3% in the first quarter. First Trust Advisors LP now owns 153,605 shares of the information technology services provider’s stock worth $843,000 after buying an additional 41,756 shares in the last quarter. Finally, RBF Capital LLC boosted its stake in shares of 21Vianet Group by 351.4% in the first quarter. RBF Capital LLC now owns 77,074 shares of the information technology services provider’s stock worth $423,000 after buying an additional 60,000 shares in the last quarter. Institutional investors own 19.91% of the company’s stock.

About 21Vianet Group

21Vianet Group, Inc is a carrier-neutral Internet data center services provider. The Company hosts its customers’ servers and networking equipment and provides interconnectivity. The Company also provides managed network services to enable customers to deliver data across the Internet through its data transmission network and smart routing technology.

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