VNET Stock Recent News

BEIJING , March 12, 2025 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2024. "We closed 2024 with a strong fourth quarter, highlighted by our wholesale IDC business's remarkable performance as we continued to capitalize on AI-driven demand," said Josh Sheng Chen, Founder, Executive Chairperson and interim Chief Executive Officer of VNET.

BEIJING , March 10, 2025 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced that it will report its unaudited fourth quarter and full year 2024 financial results on Wednesday, March 12, 2025, before the open of U.S. markets. The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Wednesday, March 12, 2025, or 8:00 PM Beijing Time on Wednesday, March 12, 2025.

I continue to rate VNET Group as a 'Buy', following an evaluation of its valuations and prospects. The company's forward EV/EBITDA ratio is lower than that of US and Asian peers, indicating the potential for re-rating. Increased capital expenditures by China's tech giants will drive up VNET's EBITDA growth from +11% in FY24 to +22% in FY25.

We highlight five stocks from different sectors that more than doubled halfway through the first quarter.

BEIJING , Feb. 13, 2025 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced that the Company secured a spot in the S&P Global Sustainability Yearbook 2025 (or "2025 Yearbook"), marking the Company's first inclusion in the global edition following two consecutive years in the China edition. This recognition underscores VNET's outstanding ESG performance and expanding global influence in sustainable development.

21Vianet (VNET) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.

21Vianet (VNET) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

21Vianet (VNET) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

Investors with an interest in Internet - Services stocks have likely encountered both 21Vianet (VNET) and The Trade Desk (TTD). But which of these two stocks presents investors with the better value opportunity right now?

From a technical perspective, Vnet Group Inc. (VNET) is looking like an interesting pick, as it just reached a key level of support. VNET's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.