Stock Track | 21Vianet Group Soars 12.23% on Strong Q3 Results and Raised Full-Year Guidance

Stock Track11-21

21Vianet Group Inc. (VNET) witnessed a significant surge in its stock price, soaring 12.23% in the pre-market trading session on Thursday. This rally was fueled by the company's impressive third-quarter financial results and an upward revision of its full-year guidance.

In the third quarter, VNET reported robust revenue growth of 12.4% year-over-year, reaching RMB2.12 billion ($302.2 million) and surpassing analysts' expectations. The company's earnings per share (EPS) of RMB0.16 ($0.06) also outperformed consensus estimates, driven by the strong performance of its core data center and hosting services business.

Furthermore, VNET raised its full-year revenue guidance for fiscal 2024, projecting revenue to range between RMB8 billion and RMB8.1 billion, up from its previous guidance of RMB7.8 billion to RMB8 billion. The company also increased its adjusted EBITDA guidance to RMB2.28 billion to RMB2.3 billion, representing year-over-year growth of 11.8% to 12.8%. This upward revision in guidance reflects VNET's confidence in capitalizing on the growing demand for cloud computing and data center services in China.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1183526370?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-21 22:39","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1183526370","market":"hk","top_or_hot":-1,"title":"Stock Track | 21Vianet Group Soars 12.23% on Strong Q3 Results and Raised Full-Year Guidance","media":"Stock Track","content":"<p>21Vianet Group Inc. (VNET) witnessed a significant surge in its stock price, soaring 12.23% in the pre-market trading session on Thursday. This rally was fueled by the company's impressive third-quarter financial results and an upward revision of its full-year guidance.</p>\n\n<p>In the third quarter, VNET reported robust revenue growth of 12.4% year-over-year, reaching RMB2.12 billion ($302.2 million) and surpassing analysts' expectations. The company's earnings per share (EPS) of RMB0.16 ($0.06) also outperformed consensus estimates, driven by the strong performance of its core data center and hosting services business.</p>\n\n<p>Furthermore, VNET raised its full-year revenue guidance for fiscal 2024, projecting revenue to range between RMB8 billion and RMB8.1 billion, up from its previous guidance of RMB7.8 billion to RMB8 billion. The company also increased its adjusted EBITDA guidance to RMB2.28 billion to RMB2.3 billion, representing year-over-year growth of 11.8% to 12.8%. This upward revision in guidance reflects VNET's confidence in capitalizing on the growing demand for cloud computing and data center services in China.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | 21Vianet Group Soars 12.23% on Strong Q3 Results and Raised Full-Year Guidance</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | 21Vianet Group Soars 12.23% on Strong Q3 Results and Raised Full-Year Guidance\n</h2>\n\n<h4 class=\"meta\">\n\n2024-11-21 22:39 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>21Vianet Group Inc. (VNET) witnessed a significant surge in its stock price, soaring 12.23% in the pre-market trading session on Thursday. This rally was fueled by the company's impressive third-...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"VNET","symbol_name":"世纪互联","start_time":0,"source_url":"","article_id":"1183526370","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1183526370","pubTimestamp":1732199944,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"21Vianet Group Inc.  witnessed a significant surge in its stock price, soaring 12.23% in the pre-market trading session on Thursday. This rally was fueled by the company's impressive third-quarter financial results and an upward revision of its full-year guidance.In the third quarter, VNET reported robust revenue growth of 12.4% year-over-year, reaching RMB2.12 billion  and surpassing analysts' expectations. The company's earnings per share  of RMB0.16  also outperformed consensus estimates, dri","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"VNET":"世纪互联"},"translate_title":"股票赛道世纪互联集团第三季度业绩强劲飙升12.23%并上调全年指引","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VNET":1},"content_text":"21Vianet Group Inc. (VNET) witnessed a significant surge in its stock price, soaring 12.23% in the pre-market trading session on Thursday. This rally was fueled by the company's impressive third-quarter financial results and an upward revision of its full-year guidance.\nIn the third quarter, VNET reported robust revenue growth of 12.4% year-over-year, reaching RMB2.12 billion ($302.2 million) and surpassing analysts' expectations. The company's earnings per share (EPS) of RMB0.16 ($0.06) also outperformed consensus estimates, driven by the strong performance of its core data center and hosting services business.\nFurthermore, VNET raised its full-year revenue guidance for fiscal 2024, projecting revenue to range between RMB8 billion and RMB8.1 billion, up from its previous guidance of RMB7.8 billion to RMB8 billion. The company also increased its adjusted EBITDA guidance to RMB2.28 billion to RMB2.3 billion, representing year-over-year growth of 11.8% to 12.8%. This upward revision in guidance reflects VNET's confidence in capitalizing on the growing demand for cloud computing and data center services in China.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1183526370"}