21Vianet Group, Inc. (NASDAQ:VNET) is expected to report second quarter earnings results, before market open, on Wednesday 19th August 2020.
Analysts polled by Thomson Reuters anticipate second quarter loss of $ 0.04 per share.
Looking ahead, the full year loss are expected at $ 0.2 per share on the revenues of $ 674.77 million.
The Company Outlook
Revenue for 2Q20 are expected in a range of $ 161.00 million ~ $ 163.82 million
Full Year 2020 topline are forecasted in a range of$ 660.75 million ~ $ 689.48 million
Click Here For More Historical Outlooks Of 21Vianet Group, Inc.
Previous Quarter Performance
21Vianet Group, Inc. communicated loss for the first quarter of $ 0.18 per share, from the revenue of $ 154.05 million. Wall street analysts are predicting revenue of $ 154.41 million The bottom line results street analysts by $ 0.09 or , at the same time, top line results fell short of analysts by $ 0.36 million or 0.23 percent.
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Stock Performance
According to the previous trading day, closing price of VNET was $ 24.08, representing a 281.62 % increase from the 52 week low of $ 6.31 and a 20.89 % decrease over the 52 week high of $ 30.44.
The company has a market capital of $ 2.73 billion and is part of the Technology sector and Information Technology Services industry.
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Recent Analyst recommendations
- On 14th July 2020, initiated by UBS Group at Buy rating, with $ 32.00 target price.
Conference Call
21Vianet Group, Inc. will be hosting a conference call at 8:00 AM eastern time on 19th August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.21vianet.com
21Vianet Group, Inc. provides carrier and cloud-neutral Internet data center services to Internet companies, government entities, blue-chip enterprises, and small-to mid-sized enterprises in the Peoples Republic of China. It offers hosting and related services to house servers and networking equipment in its data centers, and connects them through a data transmission network.
