21Vianet Group (VNET)

StreetInsider.com  Apr 15  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/21Vianet+Group%2C+Inc.+%28VNET%29+Reports+Availability+of+Microsoft%27s+%28MSFT%29+Office+365+in+China/9380079.html for the full story.
StreetInsider.com  Mar 26  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/21Vianet+%28VNET%29+Reports+Availability+of+Microsoft+Azure+in+China+%28MSFT%29/9317912.html for the full story.
TheStreet.com  Mar 18  Comment 
NEW YORK (TheStreet) -- 21Vianet Group  hit an all-time high of $31.89 as of 11:15 a.m. on Tuesday after Credit Suisse upgraded China's largest carrier-neutral Internet data center services provider to "outperform" from "neutral." The firm...
Benzinga  Mar 18  Comment 
In a report published Tuesday, Credit Suisse analyst Colin McCallum upgraded the rating on 21Vianet Group (NASDAQ: VNET) from Neutral to Outperform, and raised the price target from $27.00 to $36.00. In the report, Credit Suisse noted, “On a...
Benzinga  Mar 18  Comment 
TheStreet.com  Mar 7  Comment 
NEW YORK (TheStreet) -- 21Vianet  tumbled on Friday despite posting better-than-expected earnings and sales for its fourth quarter. The IT services provider said its net income was 10 cents a share in the three months to December. Analysts...
SeekingAlpha  Mar 7  Comment 
21Vianet Group (VNET) Q4 2013 Earnings Call March 06, 2014 8:00 pm ET Executives Shang-Wen Hsiao - Chief Financial Officer and Principal Accounting Officer Analysts James D. Breen - William Blair & Company L.L.C., Research...
StreetInsider.com  Mar 6  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/21Vianet+Group%2C+Inc.+%28VNET%29+Reports+Q4+Loss+of+1c%2C+Offers+Guidance/9255886.html for the full story.
Benzinga  Feb 10  Comment 
Bank of America downgraded Fairway Group Holdings (NASDAQ: FWM) from “neutral” to “underperform.” The price target for Fairway Group has been lowered from $20 to $6. Fairway Group's shares closed at $8.12 on Friday. Analysts at Credit...




 
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21Vianet Group (NASDAQ:VNET) is the largest carrier-neutral data center in China in terms of revenues. 21Vianet operates 47 data centers across 33 cities in China. Because the company is carrier neutral its data center are connected to all of the major carriers in China and most data centers are connected with their private fiber optic network. As a data center, 21Vianet makes money by charging its customers a fee to store information on within its data centers.[1]

The continued growth of China's middle class has vastly increased the number of individuals who have access to the Internet. As result, internet penetration, internet consumption, as well as mobile usage have risen dramatically in the country. In addition, enterprises located in China have increasingly shifted to outsourced IT options as well as cloud computing. These trends will continue to drive the demand for 21Vianet's services.[2]

The company's initial public offering of stock on the NASDAQ occurred on April 20, 2011. The company offered 13M ADSs each for $15. This was above the high end of the revised price range of $12-$13. The deal had originally been announced for 11.5M ADSs and at a price of $10-$12. The final deal was $195M, which was $68M greater than what the deal had originally been. The lead underwriters of the deal were Morgan Stanley (MS), Barclays (BCS), and J P Morgan Chase (JPM).[3]

For the full year 2010, 21Vianet announced a total revenue of $79.6M. However the company reported a net loss of $37.5M for 2010.[4]

References

  1. VNET S-1/A 2011 PROSPECTUS SUMMARY "Our Business" pg 1
  2. VNET S-1/A 2011 PROSPECTUS SUMMARY "Our Industry" pg 2
  3. Renaissance Capital - IPO Home "21Vianet Group prices upsized IPO at $15, well above the initial range" 20 April 2011
  4. VNET S-1/A 2011 PROSPECTUS SUMMARY "SUMMARY CONSOLIDATED FINANCIAL DATA AND OPERATING DATA" pg 9
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