Brokerages predict that 21Vianet Group, Inc. (NASDAQ:VNET) will post earnings of ($2.06) per share for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for 21Vianet Group’s earnings. 21Vianet Group posted earnings of ($0.02) per share during the same quarter last year, which suggests a negative year over year growth rate of 10,200%. The firm is scheduled to announce its next quarterly 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 financial year. For the next fiscal year, analysts anticipate 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 cover 21Vianet Group.

Several brokerages have weighed in on VNET. Morgan Stanley upgraded 21Vianet Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $6.30 to $9.50 in a research note on Wednesday, October 4th. BidaskClub upgraded 21Vianet Group from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 8th.

Shares of 21Vianet Group (NASDAQ:VNET) opened at $7.38 on Tuesday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.14. 21Vianet Group has a 1 year low of $4.17 and a 1 year high of $8.52.

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A number of large investors have recently modified their holdings of VNET. Profund Advisors LLC lifted its stake in 21Vianet Group by 42.7% during the 2nd quarter. Profund Advisors LLC now owns 20,988 shares of the information technology services provider’s stock valued at $105,000 after acquiring an additional 6,283 shares in the last quarter. UBS Group AG increased its position in shares of 21Vianet Group by 874.9% during the 1st 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 during the last quarter. Dynamic Technology Lab Private Ltd increased its position in shares of 21Vianet Group by 18.5% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 24,935 shares of the information technology services provider’s stock valued at $126,000 after purchasing an additional 3,898 shares during the last quarter. Aperio Group LLC increased its position in shares of 21Vianet Group by 119.2% during the 2nd 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 during the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in shares of 21Vianet Group by 8.1% during the 1st 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 during the last quarter. Institutional investors and hedge funds own 20.22% of the company’s stock.

21Vianet Group Company Profile

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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