Latest news with #VNETGroup
Business Insider
2 days ago
- Business
- Business Insider
DBS Sticks to Its Buy Rating for VNET Group, Inc. Sponsored ADR (VNET)
DBS analyst maintained a Buy rating on VNET Group, Inc. Sponsored ADR (VNET – Research Report) today and set a price target of $9.00. The company's shares closed yesterday at $5.46. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter The word on The Street in general, suggests a Strong Buy analyst consensus rating for VNET Group, Inc. Sponsored ADR with a $14.70 average price target, a 169.23% upside from current levels. In a report released on May 28, Jefferies also maintained a Buy rating on the stock with a $15.81 price target. VNET market cap is currently $1.62B and has a P/E ratio of 66.54.
Zawya
3 days ago
- Business
- Zawya
From Calories to Care: DYXnet's Dragon Boat Festival Charity Initiative Turns Exercise into Festive Rice Dumplings for Seniors
HONG KONG SAR- Media OutReach Newswire - 29 May 2025 - As the Dragon Boat Festival approaches, DYXnet, a wholly-owned subsidiary of VNET Group (NASDAQ: VNET) and a leading enterprise network service provider in Greater China, held a meaningful charity event on Thursday, May 22. In collaboration with the Christian Family Service Centre, the company donated festive rice dumplings to seniors at the affiliated center, embodying its commitment to community support. On the event day, DYXnet's volunteer team gathered at the Christian Family Service Centre's Lively Elderly Day Training Centre in Wong Tai Sin, where they distributed 100 rice dumplings to seniors. During the visit, volunteers engaged with the seniors by making handmade crafts and enjoying heartfelt conversations, creating a festive atmosphere filled with warmth and joy. All rice dumplings were produced by Home Café, a social enterprise operated by the Christian Family Service Centre that supports employment for people with disabilities and those in mental recovery, reinforcing the initiative's dedication to supporting vulnerable communities. This charitable rice dumpling donation initiative is a continuation of DYXnet's employee wellness program, reflecting the company's culture of prioritizing employee health and wellness. Recently, DYXnet organized a "Health Awareness Month" for employees across various locations, promoting a diverse range of fitness activities to encourage a healthy lifestyle. In Hong Kong, the team held a "Trampoline Day", where the calories burned during the event were converted into an equivalent amount of rice dumplings, transforming sweat into food donations and allowing every employee to contribute to societal welfare. The sports activities in other regions of DYXnet were equally engaging and innovative. In Beijing, events featured a "Plank Challenge," "Running Day," and "Step Competition," encouraging employees to develop regular exercise habits. The Shanghai team hosted a "Skipping Rope Competition" to enhance teamwork and foster a positive workplace atmosphere. In Guangzhou and Shenzhen, unique outdoor activities such as the "22-Day Skipping Rope Challenge" and "Aerobic Hiking" were introduced, along with a "Light Snack and Fruit Day" to combine fitness with a healthy diet and promote interdepartmental collaboration. In Taiwan, a "Relay Race" was organized to strengthen team cohesion and vitality. Over the past 25 years, DYXnet has not only committed to providing high-quality enterprise networks and ICT services but has also consistently embraced corporate responsibility toward community care, believing that corporate growth and societal progress are interlinked. Since 2016, DYXnet has been recognized as a "Caring Company" for several consecutive years. DYXnet will continue to promote the well-being of its employees as well as social welfare, leveraging its expertise to give back to society and collaboratively create a better future. Hashtag: #DYXnet The issuer is solely responsible for the content of this announcement. About DYXnet DYXnet, established in 1999 in Hong Kong, became a wholly-owned subsidiary of VNET Group (NASDAQ: VNET) in 2014. It is a leading ICT service provider in Hong Kong and the Asia Pacific region, delivering innovative technologies and solutions to enterprises of all sizes and helping them fully embrace digital transformation. DYXnet offers a comprehensive portfolio of services, including enterprise networks (MPLS and SD-WAN), cloud solutions, data center services, cybersecurity, and AI solutions, empowering businesses to realize their full potential. As a pioneer in the ICT field, DYXnet operates over 200 PoPs worldwide, covering more than 700 cities and serving over 30,000 client sites. DYXnet was among the first ICT service providers in the region to obtain prestigious ISO certifications, including ISO/IEC 27001, ISO/IEC 20000-1, and ISO 9001. Additionally, DYXnet is one of the inaugural official members of the China Cross-border Data Telecommunications Industry Alliance and has played a crucial role as one of the initial drafting units for SD-WAN service standards. To learn more, please visit DYXnet's website at: DYXnet
Malay Mail
3 days ago
- Business
- Malay Mail
From Calories to Care: DYXnet's Dragon Boat Festival Charity Initiative Turns Exercise into Festive Rice Dumplings for Seniors
DYXnet's volunteer team donated festive rice dumplings and interacted with the seniors at the Christian Family Service Centre's Lively Elderly Day Training Centre. HONG KONG SAR- Media OutReach Newswire - 29 May 2025 - As the Dragon Boat Festival approaches, DYXnet, a wholly-owned subsidiary of VNET Group (NASDAQ: VNET) and a leading enterprise network service provider in Greater China, held a meaningful charity event on Thursday, May 22. In collaboration with the Christian Family Service Centre, the company donated festive rice dumplings to seniors at the affiliated center, embodying its commitment to community the event day, DYXnet's volunteer team gathered at the Christian Family Service Centre's Lively Elderly Day Training Centre in Wong Tai Sin, where they distributed 100 rice dumplings to seniors. During the visit, volunteers engaged with the seniors by making handmade crafts and enjoying heartfelt conversations, creating a festive atmosphere filled with warmth and joy. All rice dumplings were produced by Home Café, a social enterprise operated by the Christian Family Service Centre that supports employment for people with disabilities and those in mental recovery, reinforcing the initiative's dedication to supporting vulnerable charitable rice dumpling donation initiative is a continuation of DYXnet's employee wellness program, reflecting the company's culture of prioritizing employee health and wellness. Recently, DYXnet organized a "Health Awareness Month" for employees across various locations, promoting a diverse range of fitness activities to encourage a healthy lifestyle. In Hong Kong, the team held a "Trampoline Day", where the calories burned during the event were converted into an equivalent amount of rice dumplings, transforming sweat into food donations and allowing every employee to contribute to societal sports activities in other regions of DYXnet were equally engaging and innovative. In Beijing, events featured a "Plank Challenge," "Running Day," and "Step Competition," encouraging employees to develop regular exercise habits. The Shanghai team hosted a "Skipping Rope Competition" to enhance teamwork and foster a positive workplace atmosphere. In Guangzhou and Shenzhen, unique outdoor activities such as the "22-Day Skipping Rope Challenge" and "Aerobic Hiking" were introduced, along with a "Light Snack and Fruit Day" to combine fitness with a healthy diet and promote interdepartmental collaboration. In Taiwan, a "Relay Race" was organized to strengthen team cohesion and the past 25 years, DYXnet has not only committed to providing high-quality enterprise networks and ICT services but has also consistently embraced corporate responsibility toward community care, believing that corporate growth and societal progress are interlinked. Since 2016, DYXnet has been recognized as a "Caring Company" for several consecutive years. DYXnet will continue to promote the well-being of its employees as well as social welfare, leveraging its expertise to give back to society and collaboratively create a better #DYXnet The issuer is solely responsible for the content of this announcement. About DYXnet DYXnet, established in 1999 in Hong Kong, became a wholly-owned subsidiary of VNET Group (NASDAQ: VNET) in 2014. It is a leading ICT service provider in Hong Kong and the Asia Pacific region, delivering innovative technologies and solutions to enterprises of all sizes and helping them fully embrace digital transformation. DYXnet offers a comprehensive portfolio of services, including enterprise networks (MPLS and SD-WAN), cloud solutions, data center services, cybersecurity, and AI solutions, empowering businesses to realize their full potential. As a pioneer in the ICT field, DYXnet operates over 200 PoPs worldwide, covering more than 700 cities and serving over 30,000 client sites. DYXnet was among the first ICT service providers in the region to obtain prestigious ISO certifications, including ISO/IEC 27001, ISO/IEC 20000-1, and ISO 9001. Additionally, DYXnet is one of the inaugural official members of the China Cross-border Data Telecommunications Industry Alliance and has played a crucial role as one of the initial drafting units for SD-WAN service standards. To learn more, please visit DYXnet's website at:
Business Insider
3 days ago
- Business
- Business Insider
Jefferies Reaffirms Their Buy Rating on VNET Group, Inc. Sponsored ADR (VNET)
Jefferies analyst Edison Lee maintained a Buy rating on VNET Group, Inc. Sponsored ADR (VNET – Research Report) today and set a price target of $15.81. The company's shares closed today at $5.39. Confident Investing Starts Here: According to TipRanks, Lee is a 5-star analyst with an average return of 29.8% and a 61.04% success rate. Lee covers the Technology sector, focusing on stocks such as Apple, Xiaomi, and VNET Group, Inc. Sponsored ADR. VNET Group, Inc. Sponsored ADR has an analyst consensus of Strong Buy, with a price target consensus of $16.23, representing a 201.11% upside. In a report released on May 22, Bank of America Securities also reiterated a Buy rating on the stock with a $13.80 price target. Based on VNET Group, Inc. Sponsored ADR's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.25 billion and a GAAP net loss of $11.1 million. In comparison, last year the company earned a revenue of $1.9 billion and had a GAAP net loss of $2.44 billion
Yahoo
14-05-2025
- Business
- Yahoo
Why VNET Group, Inc. (VNET) Soared Today
We recently published a list of . In this article, we are going to take a look at where VNET Group, Inc. (NASDAQ:VNET) stands against other stocks that soared by double digits today. The stock market kicked off the trading week brimming with optimism after the US and China announced a tariff truce on each other's goods. The tech-heavy Nasdaq booked the largest gains among the three major indices, rallying 4.85 percent. The S&P 500 followed with a 3.26-percent increase, and the Dow Jones, with 2.81 percent. Over the weekend, the US and China reached a 90-day deal to lower tariffs on each other's imports. US taxes on Chinese imports will drop to 30 percent from 145 percent previously, while China's tariffs on US imports will drop to 10 percent from 125 percent earlier. Beyond the major indices, 10 companies finished the week stronger, booking double-digit gains during the day. In this article, we name Monday's 10 top performers and detail the reasons behind their strong performance. To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume. A close up image of a application hosting server with the company's branding on it. VNET Group snapped a five-day losing streak on Monday as investors resorted to bargain-hunting to take advantage of its cheap valuation while cheering news of the US and China's tariff truce. While the ceasefire between the two countries does not directly impact VNET Group, Inc. (NASDAQ:VNET), it plays a crucial role in bolstering investor sentiment and economic environment, factors that are expected to spill over into businesses. VNET Group, Inc. (NASDAQ:VNET) is a China-based technology firm primarily focused on providing internet data center services and related infrastructures, including those that support artificial intelligence. Based on its historical reporting dates, the company is expected to release the results of its first quarter earnings performance in the first week of June 2025. In its last earnings call, VNET Group (NASDAQ:VNET) announced higher capital spending this year on the back of robust demand for its wholesale services. It underscored that it would work closely with its strategic suppliers and maximize the synergies to ensure that its capital spending would grow at a steady pace. Overall, VNET ranks 4th on our list of stocks that soared by double digits today. While we acknowledge the potential of VNET as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than VNET but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
