UPDATE: William Blair Initiates Coverage on 21Vianet (VNET) at Outperform, Key Growth Driver In China's Internet Development
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Price: $7.45 +0.27%
Rating Summary:
16 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 19 | Down: 16 | New: 9
Rating Summary:
16 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 19 | Down: 16 | New: 9
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William Blair initiates coverage on shares of 21Vianet (NASDAQ: VNET) with an Outperform rating.
Analyst Jim Breen believes that the company is in a solid position to grow from the inadequacy and geographical division of China's networks and from directives from the Chinese government for integration, along with the overall growth of the internet in China.
The firm also comments that VNET's services are critical to the restructuring of China's internet and the companies that wish to outsource IT resources in the country.
The IT market is forecasted to grow by 14% annually through 2014 while the number of total users is predicted to double.
Mr. Breen reports, ""we expect the fundamental growth drivers for data center services in China to remain robust in the coming years. We believe that Beijing-based 21Vianet is in the best position of all carrier-neutral data center providers in China to provide customers with a comprehensive suite of hosting and network services."
For more ratings news on 21Vianet click here and for the rating history of 21Vianet click here.
Shares of 21Vianet closed at $12.37 yesterday.
Analyst Jim Breen believes that the company is in a solid position to grow from the inadequacy and geographical division of China's networks and from directives from the Chinese government for integration, along with the overall growth of the internet in China.
The firm also comments that VNET's services are critical to the restructuring of China's internet and the companies that wish to outsource IT resources in the country.
The IT market is forecasted to grow by 14% annually through 2014 while the number of total users is predicted to double.
Mr. Breen reports, ""we expect the fundamental growth drivers for data center services in China to remain robust in the coming years. We believe that Beijing-based 21Vianet is in the best position of all carrier-neutral data center providers in China to provide customers with a comprehensive suite of hosting and network services."
For more ratings news on 21Vianet click here and for the rating history of 21Vianet click here.
Shares of 21Vianet closed at $12.37 yesterday.
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