VNET Group, Inc.

VNET

US90138A1034

IT Services & Consulting

Market Closed - Nasdaq Other stock markets 04:00:00 2024-04-26 pm EDT			5-day change	1st Jan Change
1.58 ^USD	-4.82%		+6.04%	-44.95%

Apr. 23	Vnet Group Chief Executive Jeff Dong Resigns	MT
Apr. 23	VNET Group, Inc. Announces CEO Changes	CI

VNET Group, Inc. Reports Unaudited Consolidated Impairment Charges for the Fourth Quarter Ended December 31, 2023

March 27, 2024 at 04:30 pm EDT

VNET Group, Inc. reported unaudited consolidated impairment charges for the fourth quarter ended December 31, 2023. For the quarter, the company reported impairment of long-lived assets of RMB 506,686,000 and impairment of goodwill of RMB 1,364,191,000.

Latest news about VNET Group, Inc.

Vnet Group Chief Executive Jeff Dong Resigns	Apr. 23	MT
VNET Group, Inc. Announces CEO Changes	Apr. 22	CI
Asian Equities Traded in the US as American Depositary Receipts Nudge Higher in Friday Trading, End Week Lower	Apr. 05	MT
Asian Equities Traded in the US as American Depositary Receipts Fall in Tuesday Trading	Apr. 02	MT
Asian Equities Traded in the US as American Depositary Receipts Open Week Higher in Monday Trading	Apr. 01	MT
Transcript : VNET Group, Inc., Q4 2023 Earnings Call, Mar 27, 2024	Mar. 27
Vnet Group Q4 Loss Widens, Revenue Rises; 2024 Revenue Outlook Set	Mar. 27	MT
VNET Group, Inc. Reports Unaudited Consolidated Impairment Charges for the Fourth Quarter Ended December 31, 2023	Mar. 27	CI
VNET Group, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 27	CI
VNET Group, Inc. Provides Earnings Guidance for the Full Year 2024	Mar. 27	CI
VNET Group, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Mar. 27	CI
Asian Equities Traded in the US as American Depositary Receipts Lower in Thursday Trading	Mar. 14	MT
Bank Stocks Lead Asian Equities Traded in the US as American Depositary Receipts Lower in Monday Trading	Mar. 11	MT
Asian Equities Traded in the US as American Depositary Receipts Decline in Tuesday Trading	Mar. 05	MT
VNET Group, Inc. Announces Resignation of Tim Chen as Chief Strategy Officer	Feb. 23	CI
Asian Equities Traded in the US as American Depositary Receipts Flat in Friday Trading	Feb. 23	MT
Tech Stocks Lead Asian Equities Traded in the US as American Depositary Receipts Sharply Higher in Thursday Trading	Feb. 22	MT
Tech, Consumer Stocks Lead Asian Equities Traded in the US as American Depositary Receipts Slightly Higher in Thursday Trading	Feb. 08	MT
Tech Stocks Lead Asian Equities Traded in the US as American Depositary Receipts Sharply Higher in Tuesday Trading	Feb. 06	MT
Vnet Group Repurchases $600 Million Senior Notes Due 2026	Feb. 05	MT
ADRs End Lower; WNS (Holdings) Declines 15%	Feb. 02	DJ
Asian Equities Traded in the US as American Depositary Receipts Move Lower in Friday Trading; End Week Down 1%	Feb. 02	MT
Asian Equities Traded in the US as American Depositary Receipts Trend Lower in Tuesday Trading	Jan. 30	MT
ADRs End Lower; Evaxion Biotech A/S Drops 45%	Jan. 22	DJ
Asian Equities Traded in the US as American Depositary Receipts Closer Week Lower	Jan. 19	MT

Chart VNET Group, Inc.

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Company Profile

VNET Group Inc, formerly 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. The Company provides value-added services, such as content delivery network services, virtual private network services and last-mile wired broadband services. It offers public cloud services, private cloud and hybrid services. The Company also offers container-based data center service. The Company's service offerings include hosting and related services, and managed network services. The Company provides hosting and related services to house servers and networking equipment in its data centers and connects them through its data transmission network, and offers other hosting related value-added services.

Sector

IT Services & Consulting

Calendar

2024-05-20 - Q1 2024 Earnings Release (Projected)

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Ratings for VNET Group, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

B+

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

11.45 CNY

Average target price

27.94 CNY

Spread / Average Target

+144.08%

Consensus

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Quarterly earnings - Rate of surprise

Company calendar

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Other IT Services & Consulting

VNET Group, Inc.

Equities

VNET

US90138A1034

IT Services & Consulting

VNET Group, Inc. Reports Unaudited Consolidated Impairment Charges for the Fourth Quarter Ended December 31, 2023

EPS Revisions