Market Overview

UPDATE: Credit Suisse Initiates 21Vianet Group at Outperform; Beneficiary of Rising Internet Volumes

Related VNET
21Vianet Group Inc Showing New-Found Strength
UPDATE: 21Vianet, IBM Announce Launch Enterprise Cloud-Managed Services in China

Credit Suisse initiated coverage on 21Vianet Group (NASDAQ: VNET) with an Outperform rating and a $13.50 price target.

Credit Suisse commented, "Internet volumes in China are set to rise dramatically, in our view, due to rising fixed line broadband penetration, smartphone penetration and use per smartphone, as well as growth of cloud computing. The shift towards video increases demand for hosting, as well as other services such as CDN (content delivery network) services. 21 Vianet benefits directly from rising Internet volumes, as it generates revenue from website hosting and delivering content to end-users. 21 Vianet has built good scale and, after a dip in EBITDA margins in FY12, we expect an upward trend from FY13."

21 Vianet Group closed at $9.64 on Friday.

Latest Ratings for VNET

Sep 2014CLSAInitiates Coverage onBuy
Sep 2014Stifel NicolausInitiates Coverage onBuy
Aug 2014Canaccord GenuityMaintainsBuy

View More Analyst Ratings for VNET
View the Latest Analyst Ratings

Posted-In: Credit SuisseAnalyst Color Initiation Analyst Ratings


Related Articles (VNET)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters