21Vianet Group (VNET)

Benzinga  Aug 29  Comment 
In a report published Friday, Morgan Stanley analyst Gary Yu reiterated an Overweight rating and $35.00 price target on 21Vianet Group (NASDAQ: VNET). In the report, Morgan Stanley noted, “Retain OW on VNET after the release of in-line 2Q14...
SeekingAlpha  Aug 28  Comment 
By SA Transcripts: 21Vianet Group (NASDAQ:VNET) Q2 2014 Earnings Conference Call August 27, 2014 8:00 p.m. ET Executives Frank Meng – President Shang Hsiao – CFO Eric Chu – VP Capital markets and Business Development ...
SeekingAlpha  Aug 28  Comment 
By WestEnd511: 21Vianet (NASDAQ:VNET) reported Q2 revenue of RMB658m (+40% y/y) that beat consensus of RMB642m, but the EPS of RMB0.30 missed consensus on a RMB41m loss from debt extinguishment. (Please note that VNET reports in RMB) Nonetheless,...
SeekingAlpha  Aug 27  Comment 
By SA Transcripts: The following audio is from a conference call that will begin on August 27, 2014 at 20:00 PM ET. The audio will stream live while the call is active, and can be replayed upon its completion. Listen now Complete Story »
TheStreet.com  Aug 27  Comment 
NEW YORK (TheStreet) --a21Vianet was gaining 2.1% to $28.90 after-hours Wednesday after reporting its second quarter results. For the second quarter 21Vianet reported earnings of RMB0.30 (5 cents) a share, missing the Thomson Reuters consensus...
SeekingAlpha  Aug 26  Comment 
By WestEnd511: 21 Vianet (NASDAQ:VNET) will report 2Q14 results on Wednesday after market close. A conference call is scheduled for 8pm EST. Detail of the call is below. United States: ...
StreetInsider.com  Jul 16  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/21Vianet+Group+%28VNET%29+Enters+Exclusive+Partnership+with+GigaTrust+in+China/9664333.html for the full story.
TheStreet.com  Jun 18  Comment 
NEW YORK (TheStreet) -- Shares of 21Vianet Group  sold off in after-hours trading on Wednesday after the stock rose 6.04% as of the closing bell. The company announced Wednesday it had priced its offering of RMB2 billion in aggregate principal...
Benzinga  Jun 5  Comment 
In a report published Thursday, Morgan Stanley analyst Gary Yu reiterated an Overweight rating on 21Vianet Group (NASDAQ: VNET), but removed the $35.00 price target. In the report, Morgan Stanley noted, “We retain our Overweight on VNET after...
TheStreet.com  May 23  Comment 
NEW YORK (TheStreet) -- 21Vianet was falling 7.6% to $24.87 Friday after missing analysts' estimates for earnings in the first quarter. For the first quarter 21Vianet reported earnings of 8 cents a share, missing the Capital IQ Consensus...


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]


  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
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