Market Overview

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

Share:
Related VNET
12 Stocks Which Plummeted Three Days On Increasing Volume
Stocks Hitting 52-Week Lows

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

DateFirmActionFromTo
Aug 2016JP MorganDowngradesNeutralUnderweight
Aug 2015Pacific CrestDowngradesOverweightSector Weight
Nov 2014StifelDowngradesBuyHold

View More Analyst Ratings for VNET
View the Latest Analyst Ratings

Posted-In: Credit SuisseAnalyst Color Initiation Analyst Ratings

 

Related Articles (VNET)

View Comments and Join the Discussion!