VNET: Turning Bullish On Results Beat And Favorable Outlook (Rating Upgrade) [Seeking Alpha]
VNET Group, Inc. - American Depositary Shares (VNET)
Last vnet group, inc. - american depositary shares earnings: 8/19 04:30 pm
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US:NASDAQ Investor Relations:
ir.21vianet.com
Company Research
Source: Seeking Alpha
Summary VNET Group, Inc.'s actual Q2 2024 revenue and normalized EBITDA turned out to be +3.3% and +5.3% above their respective consensus estimates. The company sees its EBITDA growth accelerating from +8.9% in the prior year to +10.3% for the current year, based on the mid-point of its full-year financial guidance. I have upgraded my rating for VNET Group to a Buy; the stock has the potential to command a higher EV/EBITDA multiple, considering its positive growth prospects. Looking for more investing ideas like this one? Get them exclusively at Asia Value & Moat Stocks. Learn More » quantic69 My rating for VNET Group, Inc. NASDAQ: VNET ) stock is a Buy. VNET's key Q2 financial metrics were better than what the analysts had anticipated. Looking forward, the company expects to achieve a faster pace of revenue and EBITDA growth for full-year FY 2024. VNET's positive financial prospects suggest that a more demanding EV/EBITDA multiple for the stock is justified. As such, I h
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VNET
News
- VNET Reports Unaudited Third Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- VNET Reports Unaudited Third Quarter 2024 Financial ResultsPR Newswire
- VNET to Announce Unaudited Third Quarter 2024 Financial Results on November 20, 2024PR Newswire
- VNET Announces Changes to Board CompositionPR Newswire
- Zen42.ai Joins Mobii Green Energy Group's New Zealand Green HI-City Project, Set to Launch Carbon Credit-Based StablecoinGlobeNewswire
VNET
Earnings
- 11/20/24 - Beat
VNET
Sec Filings
- 11/20/24 - Form 6-K
- 11/14/24 - Form S-8
- 11/12/24 - Form SC
- VNET's page on the SEC website