Revenue Update on 21Vianet Group Inc(NASDAQ:VNET)

21Vianet Group Inc(NASDAQ:VNET) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during After-hours on Nov 28, 2016. Company reported revenue of $145.16M. Analysts estimated a revenue of $134.27M. The revenues were $10.89M or 8.11% above the estimates. Earnings per share were $-0.02. The reported EPS was above estimates by $0.12 or 85.71%. Analysts had estimated an EPS of $-0.14.

21Vianet Group Inc (VNET) made into the market gainers list on Tuesdays trading session with the shares advancing 2.62% or 0.2 points. Due to strong positive momentum, the stock ended at $7.82, which is also near the day’s high of $7.82. The stock began the session at $7.74 and the volume stood at 12,33,710 shares. The 52-week high of the shares is $21.32 and the 52 week low is $6.77. The company has a current market capitalization of $890 M and it has 11,38,50,000 shares in outstanding.

21Vianet Group Inc. is a carrier-neutral Internet data center services provider in China. The Company hosts its customers’ servers and networking equipment and provides interconnectivity to improve the performance availability and security of their Internet infrastructure. The Company also provides managed network services to enable customers to deliver data across the Internet in a faster and reliable manner through its data transmission network and smart routing technology. The Company provides complementary Internet infrastructure services such as content delivery network (CDN) services virtual private network (VPN) services and last-mile wired broadband services to improve the security speed and quality of data transmission in China. It offers public cloud services private cloud and hybrid services. In addition the Company also offers container-based data center service.

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