Shares of 21Vianet Group (VNET) Trading Down on Q4 Report; Stifel Starts Coverage, Barclays Raises Estimates
Tweet
Share
E-mailGet Alerts VNET Hot Sheet
Price: $6.72 +1.05%
Rating Summary:
16 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
16 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
Shares of 21Vianet Group, Inc. (Nasdaq: VNET) are trading down 2.1% after last night's Q4 earnings report of $0.12 on revenues of $50.6 million.
This mornings, Stifel Nicolaus initiated coverage on VNET with a Buy rating and $16 price target.
Also, today, Barclays raised 2012 revenue estimates by 11% to RMB1.53 bln and adjusted EBITDA by 2.7% to RMB315 mln.
Barclays analyst, James M. Ratcliffe, said, "We are meaningfully raising our revenue expectations for Managed Network Services, due largely to 4Q11 outperformance by Guangzhou Gehua, which was acquired by 21Vianet in October 2011. We are also raising our expectations for 2012E hosting revenues to RMB931MM, up 51.5% YoY, reflecting faster than expected capacity deployment. Our YE 2012E cabinet forecast is now 13K, up from 11.4k, previously, and up 66% YoY."
However, Ratcliffe maintains an 'Equalweight' rating and $15 price target, citing broader macro concerns.
To see more ratings on VNET, Click Here
This mornings, Stifel Nicolaus initiated coverage on VNET with a Buy rating and $16 price target.
Also, today, Barclays raised 2012 revenue estimates by 11% to RMB1.53 bln and adjusted EBITDA by 2.7% to RMB315 mln.
Barclays analyst, James M. Ratcliffe, said, "We are meaningfully raising our revenue expectations for Managed Network Services, due largely to 4Q11 outperformance by Guangzhou Gehua, which was acquired by 21Vianet in October 2011. We are also raising our expectations for 2012E hosting revenues to RMB931MM, up 51.5% YoY, reflecting faster than expected capacity deployment. Our YE 2012E cabinet forecast is now 13K, up from 11.4k, previously, and up 66% YoY."
However, Ratcliffe maintains an 'Equalweight' rating and $15 price target, citing broader macro concerns.
To see more ratings on VNET, Click Here
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Walmart (WMT) PT Lowered to $130 at UBS on Investment Narrative's Competing Dynamics
- Idex Corp. (IEX) Reiterated at Buy by Stifel
- Bernstein SocGen on Meta Platforms Inc. (META): 'Risk-reward remains attractive'
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, New CoverageRelated Entities
Stifel, Barclays, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
