Analysts predict that 21Vianet Group, Inc. (NASDAQ:VNET) will report earnings of ($2.06) per share for the current quarter, according to Zacks. Zero analysts have made estimates for 21Vianet Group’s earnings. 21Vianet Group reported earnings per share of ($0.02) in the same quarter last year, which would suggest a negative year over year growth rate of 10,200%. The company is scheduled to issue its next earnings report on Monday, November 27th.

According to Zacks, analysts expect that 21Vianet Group will report full year earnings of ($0.46) per share for the current year. For the next fiscal year, analysts expect that the business will report earnings of ($0.31) per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow 21Vianet Group.

VNET has been the topic of a number of recent analyst reports. BidaskClub upgraded shares of 21Vianet Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 8th. Morgan Stanley upgraded shares of 21Vianet Group from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $6.30 to $9.50 in a report on Wednesday, October 4th.

Shares of 21Vianet Group (NASDAQ VNET) traded up 2.34% during mid-day trading on Wednesday, reaching $7.87. 342,135 shares of the company were exchanged. 21Vianet Group has a 12 month low of $4.17 and a 12 month high of $8.52. The company’s 50 day moving average price is $6.08 and its 200 day moving average price is $5.33. The firm’s market capitalization is $885.38 million.

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Institutional investors and hedge funds have recently made changes to their positions in the stock. Profund Advisors LLC grew its position in 21Vianet Group by 42.7% during the second quarter. Profund Advisors LLC now owns 20,988 shares of the information technology services provider’s stock valued at $105,000 after purchasing an additional 6,283 shares in the last quarter. UBS Group AG grew its position in 21Vianet Group by 874.9% during the first quarter. UBS Group AG now owns 19,323 shares of the information technology services provider’s stock valued at $106,000 after purchasing an additional 17,341 shares in the last quarter. Dynamic Technology Lab Private Ltd grew its position in 21Vianet Group by 70.3% during the first quarter. Dynamic Technology Lab Private Ltd now owns 21,037 shares of the information technology services provider’s stock valued at $115,000 after purchasing an additional 8,686 shares in the last quarter. Aperio Group LLC grew its position in 21Vianet Group by 119.2% during the second quarter. Aperio Group LLC now owns 26,489 shares of the information technology services provider’s stock valued at $133,000 after purchasing an additional 14,403 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its position in 21Vianet Group by 8.1% during the first quarter. Public Employees Retirement System of Ohio now owns 25,300 shares of the information technology services provider’s stock valued at $139,000 after purchasing an additional 1,900 shares in the last quarter. 19.74% of the stock is currently owned by hedge funds and other institutional investors.

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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