Intrinsic value of 21Vianet Group ADR - VNET

Previous Close

$9.43

  Intrinsic Value

$1.67

stock screener

  Rating & Target

str. sell

-82%

Previous close

$9.43

 
Intrinsic value

$1.67

 
Up/down potential

-82%

 
Rating

str. sell

We calculate the intrinsic value of VNET stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 0.8

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  523
  535
  549
  564
  581
  600
  621
  643
  667
  692
  720
  749
  780
  813
  848
  885
  924
  966
  1,010
  1,056
  1,105
  1,157
  1,211
  1,269
  1,329
  1,393
  1,460
  1,530
  1,604
  1,682
Variable operating expenses, $m
  657
  672
  688
  707
  728
  750
  775
  802
  831
  862
  871
  907
  944
  985
  1,027
  1,072
  1,120
  1,170
  1,223
  1,279
  1,339
  1,401
  1,467
  1,537
  1,610
  1,687
  1,768
  1,853
  1,943
  2,037
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  657
  672
  688
  707
  728
  750
  775
  802
  831
  862
  871
  907
  944
  985
  1,027
  1,072
  1,120
  1,170
  1,223
  1,279
  1,339
  1,401
  1,467
  1,537
  1,610
  1,687
  1,768
  1,853
  1,943
  2,037
Operating income, $m
  -134
  -136
  -139
  -143
  -146
  -150
  -155
  -159
  -164
  -170
  -152
  -158
  -165
  -172
  -179
  -187
  -195
  -204
  -213
  -223
  -233
  -244
  -256
  -268
  -281
  -294
  -308
  -323
  -339
  -355
EBITDA, $m
  -27
  -28
  -28
  -29
  -30
  -31
  -32
  -33
  -35
  -36
  -37
  -39
  -40
  -42
  -44
  -46
  -48
  -50
  -52
  -55
  -57
  -60
  -63
  -66
  -69
  -72
  -76
  -79
  -83
  -87
Interest expense (income), $m
  23
  28
  29
  30
  31
  32
  33
  35
  37
  38
  40
  42
  44
  47
  49
  52
  54
  57
  60
  64
  67
  71
  75
  79
  83
  87
  92
  97
  102
  108
  114
Earnings before tax, $m
  -162
  -165
  -169
  -174
  -178
  -184
  -189
  -196
  -203
  -210
  -194
  -202
  -211
  -221
  -231
  -241
  -253
  -264
  -277
  -290
  -304
  -319
  -335
  -351
  -368
  -386
  -405
  -426
  -447
  -469
Tax expense, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Net income, $m
  -162
  -165
  -169
  -174
  -178
  -184
  -189
  -196
  -203
  -210
  -194
  -202
  -211
  -221
  -231
  -241
  -253
  -264
  -277
  -290
  -304
  -319
  -335
  -351
  -368
  -386
  -405
  -426
  -447
  -469

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  1,328
  1,358
  1,393
  1,432
  1,476
  1,523
  1,575
  1,631
  1,692
  1,757
  1,826
  1,900
  1,979
  2,063
  2,152
  2,246
  2,346
  2,452
  2,563
  2,681
  2,805
  2,936
  3,075
  3,220
  3,373
  3,535
  3,705
  3,883
  4,072
  4,269
Adjusted assets (=assets-cash), $m
  1,328
  1,358
  1,393
  1,432
  1,476
  1,523
  1,575
  1,631
  1,692
  1,757
  1,826
  1,900
  1,979
  2,063
  2,152
  2,246
  2,346
  2,452
  2,563
  2,681
  2,805
  2,936
  3,075
  3,220
  3,373
  3,535
  3,705
  3,883
  4,072
  4,269
Revenue / Adjusted assets
  0.394
  0.394
  0.394
  0.394
  0.394
  0.394
  0.394
  0.394
  0.394
  0.394
  0.394
  0.394
  0.394
  0.394
  0.394
  0.394
  0.394
  0.394
  0.394
  0.394
  0.394
  0.394
  0.394
  0.394
  0.394
  0.394
  0.394
  0.394
  0.394
  0.394
Average production assets, $m
  700
  716
  734
  755
  778
  803
  830
  860
  892
  926
  963
  1,002
  1,043
  1,088
  1,134
  1,184
  1,237
  1,292
  1,351
  1,413
  1,479
  1,548
  1,621
  1,698
  1,778
  1,863
  1,953
  2,047
  2,146
  2,251
Working capital, $m
  9
  10
  10
  10
  10
  11
  11
  12
  12
  12
  13
  13
  14
  15
  15
  16
  17
  17
  18
  19
  20
  21
  22
  23
  24
  25
  26
  28
  29
  30
Total debt, $m
  473
  488
  506
  526
  548
  572
  598
  627
  658
  691
  726
  764
  804
  846
  891
  939
  990
  1,044
  1,100
  1,160
  1,223
  1,290
  1,360
  1,434
  1,512
  1,594
  1,680
  1,771
  1,867
  1,967
Total liabilities, $m
  674
  690
  708
  728
  750
  774
  800
  829
  859
  892
  928
  965
  1,005
  1,048
  1,093
  1,141
  1,192
  1,245
  1,302
  1,362
  1,425
  1,492
  1,562
  1,636
  1,714
  1,796
  1,882
  1,973
  2,068
  2,169
Total equity, $m
  653
  668
  685
  705
  726
  749
  775
  803
  832
  864
  898
  935
  974
  1,015
  1,059
  1,105
  1,154
  1,206
  1,261
  1,319
  1,380
  1,445
  1,513
  1,584
  1,660
  1,739
  1,823
  1,911
  2,003
  2,101
Total liabilities and equity, $m
  1,327
  1,358
  1,393
  1,433
  1,476
  1,523
  1,575
  1,632
  1,691
  1,756
  1,826
  1,900
  1,979
  2,063
  2,152
  2,246
  2,346
  2,451
  2,563
  2,681
  2,805
  2,937
  3,075
  3,220
  3,374
  3,535
  3,705
  3,884
  4,071
  4,270
Debt-to-equity ratio
  0.720
  0.730
  0.740
  0.750
  0.750
  0.760
  0.770
  0.780
  0.790
  0.800
  0.810
  0.820
  0.830
  0.830
  0.840
  0.850
  0.860
  0.870
  0.870
  0.880
  0.890
  0.890
  0.900
  0.910
  0.910
  0.920
  0.920
  0.930
  0.930
  0.940
Adjusted equity ratio
  0.492
  0.492
  0.492
  0.492
  0.492
  0.492
  0.492
  0.492
  0.492
  0.492
  0.492
  0.492
  0.492
  0.492
  0.492
  0.492
  0.492
  0.492
  0.492
  0.492
  0.492
  0.492
  0.492
  0.492
  0.492
  0.492
  0.492
  0.492
  0.492
  0.492

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -162
  -165
  -169
  -174
  -178
  -184
  -189
  -196
  -203
  -210
  -194
  -202
  -211
  -221
  -231
  -241
  -253
  -264
  -277
  -290
  -304
  -319
  -335
  -351
  -368
  -386
  -405
  -426
  -447
  -469
Depreciation, amort., depletion, $m
  107
  109
  111
  113
  116
  119
  122
  126
  130
  134
  115
  119
  124
  129
  135
  141
  147
  154
  161
  168
  176
  184
  193
  202
  212
  222
  233
  244
  256
  268
Funds from operations, $m
  -55
  -57
  -58
  -60
  -62
  -65
  -67
  -70
  -73
  -76
  -79
  -83
  -87
  -91
  -96
  -100
  -105
  -111
  -116
  -122
  -128
  -135
  -142
  -149
  -156
  -165
  -173
  -182
  -191
  -201
Change in working capital, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
Cash from operations, $m
  -55
  -57
  -59
  -60
  -63
  -65
  -67
  -70
  -73
  -76
  -80
  -84
  -88
  -92
  -96
  -101
  -106
  -111
  -117
  -123
  -129
  -136
  -143
  -150
  -158
  -166
  -174
  -183
  -193
  -203
Maintenance CAPEX, $m
  -82
  -83
  -85
  -87
  -90
  -93
  -96
  -99
  -102
  -106
  -110
  -115
  -119
  -124
  -129
  -135
  -141
  -147
  -154
  -161
  -168
  -176
  -184
  -193
  -202
  -212
  -222
  -233
  -244
  -256
New CAPEX, $m
  -14
  -16
  -18
  -21
  -23
  -25
  -27
  -30
  -32
  -34
  -37
  -39
  -42
  -44
  -47
  -50
  -53
  -56
  -59
  -62
  -66
  -69
  -73
  -77
  -81
  -85
  -90
  -94
  -99
  -104
Cash from investing activities, $m
  -96
  -99
  -103
  -108
  -113
  -118
  -123
  -129
  -134
  -140
  -147
  -154
  -161
  -168
  -176
  -185
  -194
  -203
  -213
  -223
  -234
  -245
  -257
  -270
  -283
  -297
  -312
  -327
  -343
  -360
Free cash flow, $m
  -151
  -156
  -162
  -169
  -175
  -183
  -190
  -199
  -208
  -217
  -227
  -237
  -248
  -260
  -273
  -286
  -300
  -314
  -330
  -346
  -363
  -381
  -400
  -420
  -440
  -462
  -486
  -510
  -535
  -562
Issuance/(repayment) of debt, $m
  13
  16
  18
  20
  22
  24
  26
  29
  31
  33
  35
  38
  40
  43
  45
  48
  51
  54
  57
  60
  63
  67
  70
  74
  78
  82
  86
  91
  96
  100
Issuance/(repurchase) of shares, $m
  175
  180
  186
  193
  200
  207
  215
  223
  232
  242
  228
  239
  250
  262
  274
  288
  302
  316
  332
  348
  365
  383
  402
  423
  444
  466
  489
  514
  539
  566
Cash from financing (excl. dividends), $m  
  188
  196
  204
  213
  222
  231
  241
  252
  263
  275
  263
  277
  290
  305
  319
  336
  353
  370
  389
  408
  428
  450
  472
  497
  522
  548
  575
  605
  635
  666
Total cash flow (excl. dividends), $m
  38
  40
  42
  44
  46
  49
  51
  53
  55
  58
  37
  39
  42
  44
  47
  50
  53
  56
  59
  62
  66
  69
  73
  77
  81
  85
  90
  94
  99
  105
Retained Cash Flow (-), $m
  -175
  -180
  -186
  -193
  -200
  -207
  -215
  -223
  -232
  -242
  -228
  -239
  -250
  -262
  -274
  -288
  -302
  -316
  -332
  -348
  -365
  -383
  -402
  -423
  -444
  -466
  -489
  -514
  -539
  -566
Prev. year cash balance distribution, $m
  146
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  9
  -141
  -144
  -149
  -153
  -158
  -164
  -170
  -177
  -184
  -192
  -200
  -208
  -218
  -227
  -238
  -249
  -261
  -273
  -286
  -300
  -314
  -329
  -346
  -363
  -380
  -399
  -419
  -440
  -462
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  8
  -129
  -126
  -122
  -119
  -115
  -111
  -106
  -102
  -96
  -91
  -85
  -79
  -73
  -67
  -60
  -54
  -48
  -42
  -36
  -31
  -26
  -22
  -18
  -14
  -11
  -9
  -6
  -5
  -3
Current shareholders' claim on cash, %
  78.4
  61.4
  47.9
  37.3
  29.0
  22.6
  17.5
  13.6
  10.5
  8.1
  6.4
  5.1
  4.0
  3.1
  2.5
  1.9
  1.5
  1.2
  0.9
  0.7
  0.6
  0.4
  0.3
  0.3
  0.2
  0.2
  0.1
  0.1
  0.1
  0.1

21Vianet Group, Inc. is a carrier-neutral Internet data center services provider. The Company hosts its customers' servers and networking equipment and provides interconnectivity. The Company also provides managed network services to enable customers to deliver data across the Internet through its data transmission network and smart routing technology. The Company provides value-added services, such as content delivery network (CDN) services, virtual private network (VPN) services and last-mile wired broadband services. It offers public cloud services, private cloud and hybrid services. In addition, the Company also offers container-based data center service. The Company's service offerings include hosting and related services, and managed network services. The Company provides hosting and related services to house servers and networking equipment in its data centers and connects them through its data transmission network, and offers other hosting related value-added services.

FINANCIAL RATIOS  of  21Vianet Group ADR (VNET)

Valuation Ratios
P/E Ratio -69.7
Price to Sales 12.2
Price to Book 7.2
Price to Tangible Book
Price to Cash Flow 534.3
Price to Free Cash Flow -83.3
Growth Rates
Sales Growth Rate 0.2%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -44%
Cap. Spend. - 3 Yr. Gr. Rate 6.2%
Financial Strength
Quick Ratio 1
Current Ratio 0.5
LT Debt to Equity 13.1%
Total Debt to Equity 52.1%
Interest Coverage -5
Management Effectiveness
Return On Assets -4.1%
Ret/ On Assets - 3 Yr. Avg. -2.3%
Return On Total Capital -7.6%
Ret/ On T. Cap. - 3 Yr. Avg. -6.7%
Return On Equity -12.5%
Return On Equity - 3 Yr. Avg. -13.7%
Asset Turnover 0.3
Profitability Ratios
Gross Margin 19.5%
Gross Margin - 3 Yr. Avg. 23.7%
EBITDA Margin -3.2%
EBITDA Margin - 3 Yr. Avg. 7%
Operating Margin -23.9%
Oper. Margin - 3 Yr. Avg. -12.4%
Pre-Tax Margin -25.8%
Pre-Tax Margin - 3 Yr. Avg. -15.4%
Net Profit Margin -17.5%
Net Profit Margin - 3 Yr. Avg. -13.8%
Effective Tax Rate 0.7%
Eff/ Tax Rate - 3 Yr. Avg. -6.6%
Payout Ratio 0%

VNET stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the VNET stock intrinsic value calculation we used $512.803053204 million for the last fiscal year's total revenue generated by 21Vianet Group ADR. The default revenue input number comes from 0001 income statement of 21Vianet Group ADR. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our VNET stock valuation model: a) initial revenue growth rate of 2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for VNET is calculated based on our internal credit rating of 21Vianet Group ADR, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of 21Vianet Group ADR.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of VNET stock the variable cost ratio is equal to 125.7%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for VNET stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 6.1% for 21Vianet Group ADR.

Corporate tax rate of 27% is the nominal tax rate for 21Vianet Group ADR. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the VNET stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for VNET are equal to 133.8%.

Life of production assets of 8.4 years is the average useful life of capital assets used in 21Vianet Group ADR operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for VNET is equal to 1.8%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $786.125151149 million for 21Vianet Group ADR - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 82.773 million for 21Vianet Group ADR is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of 21Vianet Group ADR at the current share price and the inputted number of shares is $0.8 billion.

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COMPANY NEWS

▶ 21Vianet: 3Q Earnings Snapshot   [Nov-20-18 05:03PM  Associated Press]
▶ 5 Breakout Stocks Offering Admirable Returns   [Nov-06-18 06:54AM  Zacks]
▶ Zscaler (ZS) in Focus: Stock Moves 6.4% Higher   [Aug-28-18 08:37AM  Zacks]
▶ 21Vianet: 2Q Earnings Snapshot   [05:07PM  Associated Press]
▶ 21Vianet Group's Q2 Earnings Outlook   [07:46AM  Benzinga]
▶ 21Vianet Group, Inc. Expands Its Cloud Business   [Jul-19-18 08:00AM  GlobeNewswire]
▶ 3 Tech Stocks Under $10 to Buy Now   [Jul-09-18 06:19PM  Zacks]
▶ 21Vianet (VNET) Catches Eye: Stock Jumps 5.1%   [Jul-03-18 08:54AM  Zacks]
▶ 3 Tech Stocks Under $10 to Buy Now   [Jun-12-18 08:15AM  InvestorPlace]
▶ 3 Tech Stocks Under $10 to Buy Now   [Jun-11-18 02:52PM  Zacks]
▶ 21Vianet: 1Q Earnings Snapshot   [May-17-18 04:39PM  Associated Press]
▶ 21Vianet Group, Inc. Filed Its Annual Report on Form 20-F   [Apr-12-18 04:30PM  GlobeNewswire]
▶ Are 21Vianet Group Incs (NASDAQ:VNET) Interest Costs Too High?   [Apr-03-18 09:59AM  Simply Wall St.]
▶ 21Vianet posts 4Q profit   [Mar-12-18 06:40PM  Associated Press]
▶ 21Vianet Group, Inc. Announces Addition to Leadership Team   [Feb-05-18 08:00AM  GlobeNewswire]
▶ 21Vianet Group, Inc. Announces Change in Leadership Team   [Jan-09-18 08:00AM  GlobeNewswire]
▶ 21Vianet reports 3Q loss   [Dec-05-17 04:49PM  Associated Press]
▶ 3 Stocks Under $10 That Plummeted Today   [Nov-15-17 03:45PM  Zacks]
▶ 21Vianet Group, Inc. to Provide Turnkey Solution to BMW   [Nov-02-17 08:00AM  GlobeNewswire]
▶ Why 21 Vianet Group Inc. Stock Popped Today   [Oct-04-17 07:37PM  Motley Fool]
▶ Why Shares of 21Vianet Group Are Tumbling Today   [Sep-27-17 12:57PM  Motley Fool]
▶ What Does 21Vianet Group Incs (VNET) Share Price Indicate?   [Sep-12-17 08:07PM  Simply Wall St.]
▶ 21Vianet reports 2Q loss   [Aug-22-17 09:21PM  Associated Press]
▶ 21Vianet reports 1Q loss   [May-25-17 04:34PM  Associated Press]
▶ /DISREGARD RELEASE: 21Vianet Blue Cloud/   [May-24-17 06:00AM  PR Newswire]
▶ ETFs with exposure to 21Vianet Group, Inc. : May 18, 2017   [May-18-17 02:06PM  Capital Cube]
▶ ETFs with exposure to 21Vianet Group, Inc. : May 1, 2017   [May-01-17 04:34PM  Capital Cube]

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