VNET Gr (NASDAQ:VNET) Stock, Quote.Headers.trade-ideas

VNET Gr

VNET started as AsiaCloud in 1999 and moved to the data center business with its first self-developed data center opening in 2010. The firm listed (as 21Vianet) on the Nasdaq in April 2011, subsequently changing its name to VNET Group in 2021. It originally focused on providing data center services such as colocation and cloud services to retail clients in China, but added hyperscale customers in 2019 and now counts large Chinese hyperscalers such as Alibaba Cloud, Tencent Cloud, and Huawei Cloud as customers. At the end of June 2024, it had 48,516 self-built retail cabinets with the majority in Beijing, Shanghai, and the Greater Bay area. It also had 332 MW of wholesale capacity in service with a further 279 MW under construction and a further 528 MW held for future development.

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Rubrik Reports Q2 Results, Joins Ionis Pharmaceuticals, Hewlett Packard Enterprise And Other Big Stocks Moving Lower In Tuesday&#39;s Pre-Market Session

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From a technical perspective, Vnet Group Inc. (NASDAQ: VNET) is looking like an interesting pick, as it just reached a key level of support. VNET&#39;s 50-day simple moving average crossed above its 200-day simple moving average, which is known as a &#34;golden cross&#34; in the trading world.

21Vianet&#39;s Technical Outlook is Bright After Key Golden Cross

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Kohl&#39;s Posts Upbeat Q2 Earnings, Joins Box, Waldencast, AeroVironment And Other Big Stocks Moving Higher On Wednesday

VNET Group, Inc. - American Depositary Shares

VNET Group Inc

U.S. stock futures were slightly lower this morning, with the Dow futures falling around 0.1% on Tuesday.
Shares of Rubrik, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBRK#NYSE">RBRK</a>) fell sharply in today's pre-market trading after <a href="https://www.benzinga.com/news/earnings/24/09/40782172/rubrik-shares-dip-after-q2-results-earnings-beat-revenues-beat-guidance-above-estimates">reporting second-quarter results.</a>
Rubrik reported quarterly losses of 40 cents per share which beat the analyst consensus estimate of losses of 49 cents. Quarterly sales came in at $204.951 million, which beat the analyst consensus estimate of $196.209 million by 4.46%.
Rubrik shares dipped 8.1% to $29.45 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>Ionis Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IONS#NASDAQ">IONS</a>) declined 7% to $ 44.98 in pre-market trading. Ionis priced its $500.3 million public offering of 11.5 million common shares at $43.50/share.</li>
<li>Applied Digital Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>) shares dipped 6.2% to $6.17 in pre-market trading after jumping 45% on Monday.</li>
<li>VNET Group Inc – ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNET#NASDAQ">VNET</a>) shares fell 5.4% to $2.63 in pre-market trading.</li>
<li>Hewlett Packard Enterprise Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) shares fell 5.2% to $16.69 in pre-market trading. The company announced it has commenced a public offering of $1.35 billion (27 million shares) of Series C mandatory convertible preferred stock.</li>
<li>Extreme Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXTR#NASDAQ">EXTR</a>) shares fell 4.6% to $13.00 in pre-market trading.</li>
<li>PureTech Health plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRTC#NASDAQ">PRTC</a>) shares fell 3.5% to $19.99 in pre-market trading after gaining 6% on Monday.</li>
<li>Dropbox Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBX#NASDAQ">DBX</a>) shares slipped 2.7% to $22.51 in pre-market trading.</li>
</ul>
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Rubrik Reports Q2 Results, Joins Ionis Pharmaceuticals, Hewlett Packard Enterprise And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

From a technical perspective, Vnet Group Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vnet#NASDAQ">VNET</a>) is looking like an interesting pick, as it just reached a key level of support. VNET&#39;s 50-day simple moving average crossed above its 200-day simple moving average, which is known as a &quot;golden cross&quot; in the trading world.
Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that&#39;s formed when a stock&#39;s short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day and the 200-day, since bigger time periods tend to form stronger breakouts.
A successful golden cross event has three stages. It first begins when a stock&#39;s price on the decline bottoms out. Then, its shorter moving average crosses above its longer moving average, triggering a positive trend reversal. The third and final phase occurs when the stock maintains its upward momentum.
A golden cross is the opposite of a death cross, another technical event that indicates bearish price movement may be on the horizon.
VNET could be on the verge of a breakout after moving 25.3% higher over the last four weeks. Plus, the company is currently a #2 (Buy) on the Zacks Rank.
Looking at VNET&#39;s earnings expectations, investors will be even more convinced of the bullish uptrend. For the current quarter, there have been 1 changes higher compared to none lower over the past 60 days, and the Zacks Consensus Estimate has moved up as well.
<img alt="Moving Average Chart for VNET" class="chart" src="https://staticx-tuner.zacks.com/images/articles/charts/yseop/549/VNET_SMA50_200.jpeg" style="height:auto; width:100%" title="" />
Given this move in earnings estimates and the positive technical factor, investors may want to keep their eye on VNET for more gains in the near future.
<a href="https://www.zacks.com/stock/news/2329585/21vianet-vnet-s-technical-outlook-is-bright-after-key-golden-cross?cid=CS-BENZ-FT-tale_of_the_tape|golden_crossover-2329585">To read this article on Zacks.com click here.</a>

21Vianet's Technical Outlook is Bright After Key Golden Cross

U.S. stocks were mixed, with the Dow Jones index gaining around 50 points on Wednesday.
Shares of Kohl&#8217;s Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSS#NYSE">KSS</a>) rose during Wednesday's session following better-than-expected <a href="https://www.benzinga.com/news/earnings/24/08/40599429/kohls-q2-earnings-profit-beat-inventory-decline-margin-growth-and-more">second-quarter financial results.</a>
The company reported a net sales decline of 4.2% Y/Y to $3.525 billion, with comparable sales for the quarter decreasing 5.1% Y/Y. Total revenue stood at $3.732 billion. The analyst consensus estimate was $3.583 billion. EPS was 59 cents, beating the analyst consensus estimate of 44 cents.
Kohl&#8217;s shares climbed 5.6% to $20.71 on Wednesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Waldencast plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WALD#NASDAQ">WALD</a>) jumped 41.5% to $4.0920 after the company reported second-quarter revenue growth.</li>
<li>AeroVironment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVAV#NASDAQ">AVAV</a>) gained 17.6% to $209.40 after multiple analysts upgraded the stock and raised their price targets.</li>
<li>VNET Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNET#NASDAQ">VNET</a>) gained 17.1% to $2.34 following second-quarter results.</li>
<li>Xiao-I Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIXI#NASDAQ">AIXI</a>) rose 12.3% to $5.45.</li>
<li>Bioceres Crop Solutions Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIOX#NASDAQ">BIOX</a>) climbed 12.1% to $11.32. Bioceres Crop Solutions received green light for cultivation of Drought Tolerant HB4 Wheat in the United States.</li>
<li>Ambarella, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMBA#NASDAQ">AMBA</a>) surged 11.3% to $58.82 after the company reported better-than-expected second-quarter adjusted EPS and sales.</li>
<li>Box, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOX#NYSE">BOX</a>) gained 10.1% to $31.73 after the company reported better-than-expected second-quarter financial results and issued FY25 guidance above estimates.</li>
<li>MannKind Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNKD#NASDAQ">MNKD</a>) jumped 10.2% to $5.93. Oppenheimer analyst Steven Lichtman maintained MannKind with an Outperform and raised the price target from $10 to $12.</li>
<li>Westrock Coffee Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WEST#NASDAQ">WEST</a>) gained 9.9% to $9.35. Westrock Coffee Company commenced warrant exchange offer and consent solicitation.</li>
<li>The Hain Celestial Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAIN#NASDAQ">HAIN</a>) gained 10.2% to $8.93. Hain Celestial Group, on Tuesday, reported better-than-expected quarterly adjusted EPS results</li>
<li>AvePoint, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVPT#NASDAQ">AVPT</a>) jumped 8.5% to $11.69 after the company announced it commenced an offer to purchase all outstanding public warrants to purchase shares of its common stock at $2.50 per share without interest.</li>
<li>Chewy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>) gained 8.2% to $28.04 following quarterly results.</li>
<li>Concentrix Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNXC#NASDAQ">CNXC</a>) gained 4.4% to $75.49. B of A Securities analyst Ruplu Bhattacharya upgraded Concentrix from Underperform to Neutral and raised the price target from $65 to $85.</li>
<li>Bristol-Myers Squibb Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMY#NYSE">BMY</a>) rose 3.3% to $49.68.</li>
</ul>
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Kohl's Posts Upbeat Q2 Earnings, Joins Box, Waldencast, AeroVironment And Other Big Stocks Moving Higher On Wednesday

Shares of Nordstrom, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) rose sharply in today's pre-market trading after the company reported stronger-than-expected earnings for its <a href="https://www.benzinga.com/news/earnings/24/08/40588492/nordstrom-stock-rallies-on-strong-q2-earnings-details">second quarter on Tuesday.</a>
The company reported quarterly earnings of 96 cents per share, which beat the analyst consensus estimate of 71 cents per share, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
Nordstrom shares jumped 7.8% to $22.78 in the pre-market trading.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>JBDI Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBDI#NASDAQ">JBDI</a>) gained 68.5% to $17.05 in pre-market trading after jumping 102% on Tuesday. The company prices its IPO at $5 per share.</li>
<li>SaverOne 2014 Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVRE#NASDAQ">SVRE</a>) rose 37.5% to $0.3190 in today's pre-market trading after the company reported H1 financial results. Also, the company announced a strategic asset purchase agreement for Micronet Generation-3 camera products and intellectual property.</li>
<li>Heramba Electric plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PITA#NASDAQ">PITA</a>) gained 37.5% to $3.15 in pre-market trading after declining 3% on Tuesday.</li>
<li>Bolt Projects Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSLK#NASDAQ">BSLK</a>) gained 30% to $2.69 in pre-market trading after dipping 22% on Tuesday.</li>
<li>Ambarella, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMBA#NASDAQ">AMBA</a>) gained 20% to $63.36 in pre-market trading following better-than-expected quarterly results.</li>
<li>Waldencast plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WALD#NASDAQ">WALD</a>) gained 18.5% to $3.44 in pre-market trading after reporting second-quarter results.</li>
<li>Aethlon Medical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEMD#NASDAQ">AEMD</a>) gained 9.3% to $0.52 in pre-market trading after declining 7% on Tuesday.</li>
<li>VNET Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNET#NASDAQ">VNET</a>) gained 7% to $2.14 in the pre-market trading session following strong quarterly results.</li>
<li>Box, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOX#NYSE">BOX</a>) gained 6.5% to $30.70 in pre-market trading as the company reported better-than-expected financial results for the second quarter and issued strong FY25 guidance.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>QT Imaging Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QTI#NASDAQ">QTI</a>) declined 18.3% to $0.49 in pre-market trading after falling 6% on Tuesday.</li>
<li>Santech Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STEC#NASDAQ">STEC</a>) shares declined 17% to $0.5236 in pre-market trading after jumping 58% on Tuesday. Santech Holdings recently announced a $5 million share repurchase program.</li>
<li>nCino, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCNO#NASDAQ">NCNO</a>) shares fell 14.7% to $29.45 in pre-market trading after reporting second-quarter results.</li>
<li>Ensysce Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENSC#NASDAQ">ENSC</a>) fell 13.1% to $0.56 in pre-market trading. Ensysce Biosciences shares jumped 49% on Tuesday after the company received a $14 million multi-year grant from the NIH for the continued development of its PF614-MPAR, an abuse-deterrent opioid with overdose protection.</li>
<li>Tantech Holdings Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TANH#NASDAQ">TANH</a>) shares fell 10.2% to $0.1669 in pre-market trading after gaining 20% on Tuesday.</li>
<li>T Stamp Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IDAI#NASDAQ">IDAI</a>) fell 10.1% to $0.3710 in pre-market trading.</li>
<li>ARB IOT Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARBB#NASDAQ">ARBB</a>) fell 9.9% to $0.3633 in today's pre-market trading after gaining 6% on Tuesday.</li>
<li>Lixte Biotechnology Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIXT#NASDAQ">LIXT</a>) shares declined 9% to $1.71 in pre-market trading after dipping 9% on Tuesday.</li>
<li>PVH Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) shares dipped 8.1% to $95.97 in pre-market trading after the company guided a third-quarter revenue decline and issued EPS estimates below estimates.</li>
<li>Magnite, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGNI#NASDAQ">MGNI</a>) shares fell 6.6% to $13.00 in pre-market trading.</li>
</ul>
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Why Nordstrom Shares Are Trading Higher By Around 8%; Here Are 20 Stocks Moving Premarket

VNET Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNET#NASDAQ">VNET</a>) reported quarterly earnings of $0.04 per share which beat the analyst consensus estimate of $(0.42) by 109.52 percent. The company reported quarterly sales of $1.99 billion which beat the analyst consensus estimate of $1.93 billion by 2.89 percent. This is a 692.10 percent increase over sales of $251.23 million the same period last year.

Earnings Beats

VNET Gr Q2 2024 Adj EPS RMB0.04 Beats RMB(0.42) Estimate, Sales RMB1.99B Beat RMB1.93B Estimate

WIIM

AKTS

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Core Scientific, Inc. - Class A Common Stock

CORZ

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Shares of companies within the broader tech sector are trading higher amid overall market strength following Fed Chair Powell's comments about the economy and future rate cuts.

General

VNET's Founder, Co-chairperson And Interim Chief Executive Officer, Josh Sheng Chen Will Not To Proceed With His Preliminary Non-binding Proposal To Acquire The Company And Was Withdrawn With Immediate Effect

<h3>Gainers</h3>
<ul>
<li>Ascent Solar Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTI#NASDAQ">ASTI</a>) stock moved upwards by 33.9% to $0.16 during Monday's regular session. The company's market cap stands at $10.4 million. </li>
<li>Coherent (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>) stock rose 16.5% to $66.47. The company's market cap stands at $10.1 billion. </li>
<li>Transact Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TACT#NASDAQ">TACT</a>) shares rose 14.64% to $4.07. The market value of their outstanding shares is at $40.6 million. </li>
<li>VNET Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNET#NASDAQ">VNET</a>) shares rose 13.39% to $2.2. The company's market cap stands at $579.0 million. The company's, Q1 earnings came out 3 days ago. </li>
<li>Soluna Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLNHP#NASDAQ">SLNHP</a>) stock rose 12.01% to $3.17. </li>
<li>Inuvo (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/INUV#AMEX">INUV</a>) shares increased by 10.98% to $0.28. The market value of their outstanding shares is at $39.6 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>CalAmp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAMP#NASDAQ">CAMP</a>) stock fell 56.2% to $1.17 during Monday's regular session. The company's market cap stands at $1.9 million. </li>
<li>FOXO Technologies (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/FOXO#AMEX">FOXO</a>) stock fell 22.92% to $0.37. The company's market cap stands at $3.7 million. </li>
<li>Presto Automation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRST#NASDAQ">PRST</a>) stock fell 15.81% to $0.09. The market value of their outstanding shares is at $10.5 million. </li>
<li>Lattice Semiconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSCC#NASDAQ">LSCC</a>) shares fell 15.43% to $62.79. The market value of their outstanding shares is at $8.6 billion. </li>
<li>Sobr Safe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOBR#NASDAQ">SOBR</a>) stock decreased by 15.35% to $0.27. The company's market cap stands at $5.4 million. </li>
<li>Saverone 2014 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVRE#NASDAQ">SVRE</a>) shares declined by 10.91% to $0.49. The company's market cap stands at $7.8 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Information Technology Stocks Moving In Monday's Intraday Session

VNET Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNET#NASDAQ">VNET</a>) reported quarterly losses of $(0.12) per ADS which missed the analyst consensus estimate of $(0.02) by 500 percent.

VNET Q1 Earnings Per ADS $(0.12) Misses $(0.02) Estimate

Business Outlook
The Company expects total net revenues for 2024 to be between RMB7,800 million to RMB8,000 million, representing year-over-year growth of 5.2% to 7.9%, and adjusted EBITDA (non-GAAP) to be in the range of RMB2,220 million to RMB2,280 million, representing year-over-year growth of 8.9% to 11.8%. The above outlook remains unchanged from the previously provided estimates.
The forecast reflects the Company's current and preliminary views on the market and its operational conditions and is subject to change.

Guidance

VNET Group Sees FY24 Revenues RMB7.8 Billion To RMB8.0 Billion

VNET (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNET#NASDAQ">VNET</a>) reported quarterly sales of $262.90 million which missed the analyst consensus estimate of $267.55 million by 1.74 percent. This is a 0.02 percent decrease over sales of $262.94 million the same period last year.

VNET Q1 Sales $262.90M Miss $267.55M Estimate

<h3>Gainers</h3>
<ul>
<li>Ostin Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OST#NASDAQ">OST</a>) shares moved upwards by 9.6% to $0.46 during Friday's pre-market session. The company's market cap stands at $6.8 million. </li>
<li>Sobr Safe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOBR#NASDAQ">SOBR</a>) stock increased by 7.73% to $0.24. The market value of their outstanding shares is at $4.7 million. </li>
<li>The9 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCTY#NASDAQ">NCTY</a>) stock moved upwards by 7.63% to $9.31. The market value of their outstanding shares is at $61.8 million. </li>
<li>Syntec Optics Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPTX#NASDAQ">OPTX</a>) shares rose 7.53% to $3.21. The market value of their outstanding shares is at $117.7 million. </li>
<li>VerifyMe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRME#NASDAQ">VRME</a>) stock moved upwards by 7.38% to $1.6. The market value of their outstanding shares is at $16.2 million. </li>
<li>VNET Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNET#NASDAQ">VNET</a>) shares moved upwards by 6.77% to $1.89. The market value of their outstanding shares is at $497.4 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Soluna Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLNH#NASDAQ">SLNH</a>) shares decreased by 43.8% to $1.4 during Friday's pre-market session. The company's market cap stands at $5.4 million. </li>
<li>Ascent Solar Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTI#NASDAQ">ASTI</a>) stock declined by 21.52% to $0.17. The market value of their outstanding shares is at $5.1 million. </li>
<li>Domo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOMO#NASDAQ">DOMO</a>) stock declined by 13.75% to $6.15. The market value of their outstanding shares is at $234.7 million. The company's, Q1 earnings came out yesterday. </li>
<li>Roadzen (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDZN#NASDAQ">RDZN</a>) stock fell 12.99% to $3.35. The market value of their outstanding shares is at $229.2 million. </li>
<li>Workday (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) shares fell 10.89% to $232.5. The company's market cap stands at $61.6 billion. As per the press release, Q1 earnings came out yesterday. </li>
<li>Akoustis Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKTS#NASDAQ">AKTS</a>) shares declined by 7.82% to $0.19. The company's market cap stands at $19.0 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

DOMO

NCTY

OPTX

RDZN

SLNH

VRME

WDAY

12 Information Technology Stocks Moving In Friday's Pre-Market Session

BOXL

LOGI

MINM

MOBBW

PANW

SHOP

Shares of companies within the broader tech sector are trading higher amid market strength after the Fed on Wednesday left rates unchanged and Fed's Chair Powell said it is unlikely that the next policy rate move would be a rate hike.

U.S. stocks were lower, with the Dow Jones falling around 400 points on Tuesday.
Shares of ChampionX Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chx#NASDAQ">CHX</a>) rose sharply during Tuesday&rsquo;s session after Schlumberger Limited&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/slb#NYSE">SLB</a>) announced it will <a href="https://www.benzinga.com/quote/CHX">acquire the company</a>.
ChampionX shares jumped 9.5% to $38.78 on Tuesday.
Here are some other big stocks recording gains in today&rsquo;s session.
<ul>
<li>VirTra, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vtsi#NASDAQ">VTSI</a>) shares jumped 32.8% to $12.67 after the company reported better-than-expected fourth-quarter results.</li>
<li>TMC the metals company Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tmc#NASDAQ">TMC</a>) gained 18.1% to $1.70.</li>
<li>Jiuzi Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jzxn#NASDAQ">JZXN</a>) climbed 10.7% to $4.43.</li>
<li>Yatsen Holding Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ysg#NYSE">YSG</a>) rose 10% to $2.52.</li>
<li>Exact Sciences Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/exas#NASDAQ">EXAS</a>) gained 8.6% to $76.56.</li>
<li>VNET Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vnet#NASDAQ">VNET</a>) gained 8.2% to $1.7850.</li>
<li>Montrose Environmental Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/meg#NYSE">MEG</a>) gained 8.4% to $42.73. Montrose Environmental Group acquired Engineering &amp; Technical Associates and raised 2024 revenue outlook.</li>
<li>Canopy Growth Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cgc#NASDAQ">CGC</a>) climbed 8.2% to $8.15.</li>
<li>SIGA Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/siga#NASDAQ">SIGA</a>) rose 7.4% to $9.45. SIGA Technologies entered amendment to its international promotion agreement with Meridian Medical.</li>
<li>SunCar Technology Group Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sda#NASDAQ">SDA</a>) gained 6.7% to $7.79. SunCar Technology Group announced it will offer exclusive airport concierge car services to the private banking clientele of China CITIC Bank International Limited.</li>
<li>Trip.com Group Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tcom#NASDAQ">TCOM</a>) gained 3.5% to $48.58. Citigroup, on Monday, maintained a Buy rating on the stock and raised its price target from $53 to $55.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38047904/bitcoin-falls-below-66-000-axelar-becomes-top-loser"> Bitcoin Falls Below $66,000; Axelar Becomes Top Loser</a>

EXAS

JZXN

Market Index Target Term Securities Linked To The Dow Jones Industrial Average

SIGA

TCOM

VTSI

ChampionX, Montrose Environmental Group And Other Big Stocks Moving Higher On Tuesday

VNET Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNET#NASDAQ">VNET</a>) reported quarterly losses of $(0.48) per share which missed the analyst consensus estimate of $(0.18) by 166.67 percent. This is a 700 percent decrease over losses of $(0.06) per share from the same period last year. The company reported quarterly sales of $267.39 million which missed the analyst consensus estimate of $279.03 million by 4.17 percent. This is a 1.94 percent decrease over sales of $272.67 million the same period last year.

VNET Gr Q4 EPS $(0.48) Misses $(0.18) Estimate, Sales $267.39M Miss $279.03M Estimate

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>03/28/24</td>
<td>$900.00</td>
<td>$80.0K</td>
<td>7.7K</td>
<td>43.3K</td>
</tr>
<tr>
<td>VNET</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$1.50</td>
<td>$67.2K</td>
<td>1</td>
<td>3.2K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/28/24</td>
<td>$2000.00</td>
<td>$35.5K</td>
<td>1.1K</td>
<td>2.3K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/05/24</td>
<td>$22.50</td>
<td>$27.2K</td>
<td>1.2K</td>
<td>1.9K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$200.00</td>
<td>$46.6K</td>
<td>22.8K</td>
<td>1.7K</td>
</tr>
<tr>
<td>SMCI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/28/24</td>
<td>$995.00</td>
<td>$25.4K</td>
<td>273</td>
<td>1.5K</td>
</tr>
<tr>
<td>COHR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/05/24</td>
<td>$62.00</td>
<td>$47.0K</td>
<td>22</td>
<td>1.2K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$185.00</td>
<td>$46.8K</td>
<td>31.4K</td>
<td>1.1K</td>
</tr>
<tr>
<td>CRWD</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>04/05/24</td>
<td>$330.00</td>
<td>$26.6K</td>
<td>544</td>
<td>1.1K</td>
</tr>
<tr>
<td>RIOT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/12/24</td>
<td>$13.00</td>
<td>$35.8K</td>
<td>1.0K</td>
<td>984</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a call option sweep that happens to be neutral, expiring in 1 day(s) on March 28, 2024. This event was a transfer of 70 contract(s) at a $900.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $80.0K, with a price of $1145.0 per contract. There were 7789 open contracts at this strike prior to today, and today 43375 contract(s) were bought and sold. 
• For VNET (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNET#NASDAQ">VNET</a>), we notice a put option trade that happens to be bullish, expiring in 86 day(s) on June 21, 2024. This event was a transfer of 3200 contract(s) at a $1.50 strike. The total cost received by the writing party (or parties) was $67.2K, with a price of $21.0 per contract. There were 1 open contracts at this strike prior to today, and today 3200 contract(s) were bought and sold. 
• For MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we notice a call option trade that happens to be bullish, expiring in 1 day(s) on March 28, 2024. This event was a transfer of 10 contract(s) at a $2000.00 strike. The total cost received by the writing party (or parties) was $35.5K, with a price of $3550.0 per contract. There were 1198 open contracts at this strike prior to today, and today 2333 contract(s) were bought and sold. 
• Regarding MARA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), we observe a call option sweep with bullish sentiment. It expires in 9 day(s) on April 5, 2024. Parties traded 200 contract(s) at a $22.50 strike. This particular call needed to be split into 25 different trades to become filled. The total cost received by the writing party (or parties) was $27.2K, with a price of $136.0 per contract. There were 1288 open contracts at this strike prior to today, and today 1940 contract(s) were bought and sold. 
• Regarding AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we observe a call option trade with bearish sentiment. It expires in 51 day(s) on May 17, 2024. Parties traded 70 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $46.6K, with a price of $666.0 per contract. There were 22872 open contracts at this strike prior to today, and today 1763 contract(s) were bought and sold. 
• For SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we notice a put option sweep that happens to be bullish, expiring in 1 day(s) on March 28, 2024. This event was a transfer of 20 contract(s) at a $995.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $25.4K, with a price of $1275.0 per contract. There were 273 open contracts at this strike prior to today, and today 1516 contract(s) were bought and sold. 
• For COHR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>), we notice a put option sweep that happens to be bullish, expiring in 9 day(s) on April 5, 2024. This event was a transfer of 168 contract(s) at a $62.00 strike. This particular put needed to be split into 28 different trades to become filled. The total cost received by the writing party (or parties) was $47.0K, with a price of $280.0 per contract. There were 22 open contracts at this strike prior to today, and today 1285 contract(s) were bought and sold. 
• Regarding AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we observe a call option trade with bullish sentiment. It expires in 86 day(s) on June 21, 2024. Parties traded 130 contract(s) at a $185.00 strike. The total cost received by the writing party (or parties) was $46.8K, with a price of $360.0 per contract. There were 31452 open contracts at this strike prior to today, and today 1175 contract(s) were bought and sold. 
• Regarding CRWD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>), we observe a call option trade with neutral sentiment. It expires in 9 day(s) on April 5, 2024. Parties traded 56 contract(s) at a $330.00 strike. The total cost received by the writing party (or parties) was $26.6K, with a price of $476.0 per contract. There were 544 open contracts at this strike prior to today, and today 1155 contract(s) were bought and sold. 
• Regarding RIOT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>), we observe a call option sweep with bullish sentiment. It expires in 16 day(s) on April 12, 2024. Parties traded 519 contract(s) at a $13.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $35.8K, with a price of $69.0 per contract. There were 1013 open contracts at this strike prior to today, and today 984 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AAPL

CRWD

MARA

MSTR

NVDA

RIOT

SMCI

10 Information Technology Stocks With Whale Alerts In Today's Session

<h3>Companies Reporting Before The Bell</h3>
&bull; Local Bounti (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOCL#NYSE">LOCL</a>) is projected to report quarterly loss at $2.41 per share on revenue of $8.70 million.
&bull; REE Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REE#NASDAQ">REE</a>) is estimated to report quarterly loss at $2.38 per share on revenue of $1.35 million.
&bull; Precision BioSciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DTIL#NASDAQ">DTIL</a>) is projected to report quarterly loss at $2.05 per share on revenue of $12.48 million.
&bull; Edap TMS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EDAP#NASDAQ">EDAP</a>) is expected to report quarterly loss at $0.05 per share on revenue of $19.66 million.
&bull; Vanguard Extended Duration Treasury ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDV#NYSE">EDV</a>) is expected to report earnings for its fourth quarter.
&bull; Cellectar Biosciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLRB#NASDAQ">CLRB</a>) is likely to report earnings for its fourth quarter.
&bull; Gamida Cell (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GMDA#NASDAQ">GMDA</a>) is projected to report quarterly loss at $0.15 per share on revenue of $1.06 million.
&bull; PDS Biotechnology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDSB#NASDAQ">PDSB</a>) is likely to report earnings for its fourth quarter.
&bull; Altimmune (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALT#NASDAQ">ALT</a>) is projected to report earnings for its fourth quarter.
&bull; Syros Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYRS#NASDAQ">SYRS</a>) is estimated to report quarterly loss at $1.14 per share on revenue of $2.00 million.
&bull; Lands&#39; End (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LE#NASDAQ">LE</a>) is expected to report quarterly earnings at $0.21 per share on revenue of $502.71 million.
&bull; Cintas (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTAS#NASDAQ">CTAS</a>) is projected to report quarterly earnings at $3.58 per share on revenue of $2.39 billion.
&bull; GlycoMimetics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLYC#NASDAQ">GLYC</a>) is projected to report earnings for its fourth quarter.
&bull; Sonida Senior Living (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNDA#NYSE">SNDA</a>) is projected to report earnings for its fourth quarter.
&bull; UniFirst (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNF#NYSE">UNF</a>) is projected to report quarterly earnings at $1.42 per share on revenue of $587.84 million.
<h3>Companies Reporting After The Bell</h3>
&bull; Creative Media (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCT#NASDAQ">CMCT</a>) is estimated to report quarterly loss at $0.48 per share on revenue of $30.20 million.
&bull; Draganfly (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DPRO#NASDAQ">DPRO</a>) is likely to report earnings for its fourth quarter.
&bull; VNET Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNET#NASDAQ">VNET</a>) is projected to report quarterly loss at $0.18 per share on revenue of $279.03 million.
&bull; RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) is estimated to report quarterly earnings at $1.67 per share on revenue of $777.48 million.
&bull; American Shared Hospital (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/AMS#AMEX">AMS</a>) is estimated to report quarterly earnings at $0.02 per share on revenue of $5.19 million.
&bull; Cosan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSAN#NYSE">CSAN</a>) is likely to report quarterly earnings at $0.16 per share on revenue of $7.45 billion.
&bull; Greenidge Generation Hldg (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GREE#NASDAQ">GREE</a>) is estimated to report quarterly earnings at $0.25 per share on revenue of $26.70 million.
&bull; Gaia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GAIA#NASDAQ">GAIA</a>) is estimated to report quarterly loss at $0.02 per share on revenue of $21.00 million.
&bull; Allied Gaming (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGAE#NASDAQ">AGAE</a>) is projected to report earnings for its fourth quarter.
&bull; Jefferies Financial Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JEF#NYSE">JEF</a>) is likely to report quarterly earnings at $0.75 per share on revenue of $1.52 billion.
&bull; LogicMark (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGMK#NASDAQ">LGMK</a>) is expected to report quarterly loss at $1.73 per share on revenue of $2.28 million.
&bull; H.B. Fuller (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUL#NYSE">FUL</a>) is projected to report quarterly earnings at $0.64 per share on revenue of $825.03 million.
&bull; Sprinklr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CXM#NYSE">CXM</a>) is likely to report quarterly earnings at $0.09 per share on revenue of $188.73 million.
&bull; Dynagas LNG Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLNG#NYSE">DLNG</a>) is expected to report quarterly earnings at $0.30 per share on revenue of $38.21 million.
&bull; Durect (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRRX#NASDAQ">DRRX</a>) is estimated to report quarterly loss at $0.33 per share on revenue of $2.48 million.
&bull; Celcuity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CELC#NASDAQ">CELC</a>) is expected to report earnings for its fourth quarter.
&bull; BioCardia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BCDA#NASDAQ">BCDA</a>) is estimated to report quarterly loss at $0.11 per share on revenue of $90 thousand.
&bull; Consolidated Water Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CWCO#NASDAQ">CWCO</a>) is likely to report quarterly earnings at $0.44 per share on revenue of $45.25 million.
&bull; Silver Spike Investment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSIC#NASDAQ">SSIC</a>) is projected to report quarterly earnings at $0.27 per share on revenue of $3.37 million.
&bull; Urban-gro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UGRO#NASDAQ">UGRO</a>) is estimated to report quarterly loss at $0.13 per share on revenue of $28.94 million.
&bull; PLBY Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLBY#NASDAQ">PLBY</a>) is estimated to report quarterly loss at $0.14 per share on revenue of $32.27 million.
&bull; Usio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/USIO#NASDAQ">USIO</a>) is projected to report quarterly earnings at $0.00 per share on revenue of $20.43 million.
&bull; Franklin Covey (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FC#NYSE">FC</a>) is estimated to report quarterly earnings at $0.05 per share on revenue of $62.02 million.
&bull; Super League Enterprise (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLE#NASDAQ">SLE</a>) is estimated to report quarterly loss at $1.20 per share on revenue of $9.30 million.
&bull; Spectral AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDAI#NASDAQ">MDAI</a>) is estimated to report quarterly loss at $0.40 per share on revenue of $4.60 million.
&bull; Strata Skin Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSKN#NASDAQ">SSKN</a>) is estimated to report quarterly loss at $0.02 per share on revenue of $10.01 million.
&bull; Verint Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRNT#NASDAQ">VRNT</a>) is estimated to report quarterly earnings at $0.97 per share on revenue of $263.12 million.
&bull; Eastside Distilling (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EAST#NASDAQ">EAST</a>) is projected to report quarterly loss at $0.90 per share on revenue of $3.68 million.
&bull; Braze (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRZE#NASDAQ">BRZE</a>) is likely to report quarterly loss at $0.05 per share on revenue of $124.86 million.
&bull; Oncology Institute (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOI#NASDAQ">TOI</a>) is expected to report quarterly loss at $0.11 per share on revenue of $82.04 million.
&bull; Aqua Metals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AQMS#NASDAQ">AQMS</a>) is expected to report quarterly loss at $0.05 per share on revenue of $50 thousand.
&bull; Kingstone Companies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KINS#NASDAQ">KINS</a>) is estimated to report quarterly loss at $0.08 per share on revenue of $29.65 million.
&bull; MillerKnoll (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MLKN#NASDAQ">MLKN</a>) is projected to report quarterly earnings at $0.44 per share on revenue of $909.50 million.
&bull; Rumble (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUM#NASDAQ">RUM</a>) is likely to report quarterly loss at $0.22 per share on revenue of $28.13 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For March 27, 2024

VNET Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNET#NASDAQ">VNET</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-03-27. Here's what investors need to know before the announcement.
Analysts estimate that VNET Gr will report an earnings per share (EPS) of $-0.18. 
VNET Gr bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.01, which was followed by a 26.27% drop in the share price the next day.
Here's a look at VNET Gr's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.07</td>
<td>-0.05</td>
<td>-0.09</td>
<td>-0.45</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.06</td>
<td>-0.24</td>
<td>0.06</td>
<td>-0.06</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-26.0%</td>
<td>-2.0%</td>
<td>-6.0%</td>
<td>-12.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1711465287_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of VNET Gr were trading at $1.8 as of March 25. Over the last 52-week period, shares are down 42.74%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/VNET/earnings">To track all earnings releases for VNET Gr visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For VNET Gr

<h3>Key Takeaways:</h3>
<ul>
<li>GDS is aiming to raise up to $600 million by selling part of its fast-growing global unit that operates data centers in Malaysia and plans to enter Indonesia</li>
<li>The funding would give a small group of global investors a majority of the global operation&rsquo;s stock, potentially paving the way for the unit&rsquo;s spinoff</li>
</ul>
By Doug Young
Will data center operator&nbsp;GDS Holdings Ltd.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gds#NASDAQ">GDS</a>) become the next company to split off its global division from its original China business?
That question loomed large as the company confirmed it was in advanced talks to sell a stake in its young global operation to help fund the unit&rsquo;s growth. GDS indicated&nbsp;<a href="https://thebambooworks.com/gds-under-pressure-to-step-up-overseas-expansion-as-china-market-cools/">during its last earnings call</a>&nbsp;in November that it was seeking such investment, with an aim of completing the capital-raising move by March.
So, a Monday Bloomberg report saying Hillhouse Capital, Boyu Capital and CDH Investments were in talks to provide those funds doesn&rsquo;t come as a huge surprise. GDS&nbsp;<a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2024/0311/2024031101009.pdf">confirmed that</a>&nbsp;it was in talks with &ldquo;several private equity investors regarding a potential transaction with respect to its international business,&rdquo; though it didn&rsquo;t disclose any names.
The interest by this A-list of regional private equity investors speaks to GDS&rsquo; attraction as both a relatively well-run company, and also to the big potential for artificial intelligence (AI) to spark a major new wave of demand for data centers. Such an investment also makes sense for Chinese private equity firms like Hillhouse, Boyu and CDH, which are increasingly looking for targets outside their home China market where the economy is slowing.
The new investors would provide around $500 million to $600 million in new capital, according to the Bloomberg report. GDS previously indicated it would sell a minority stake in the global operation, so we can probably assume the private equity companies would get between 20% and 35% of the global unit for their new investment.
That&rsquo;s significant, because such investment would make the international unit look increasingly global in terms of its stakeholders, unlike the overall company that is still firmly controlled by its founder, William Huang. GDS is currently 31.8% owned by Singaporean data center operator&nbsp;ST Telemedia Global Data Centres, while Singaporean sovereign wealth fund GIC owns another 3.6%, according to GDC&rsquo;s latest annual report.
Thus, the sale of 20% to 35% of the international division would mean that more than half of that part of the business would be held by the two Singaporean entities plus the new private equity investors. That could easily pave the way for a spinoff of the international business into a separate company, most likely based in Singapore, which would achieve two key goals for GDS.
On the one hand, it would split off the faster-growing global business from the older China business, allowing the global unit to be more highly valued due to its better potential. At the same time, such a move would also sever ties between the global business and China, easing any customer concerns about hosting their data in centers owned by a Chinese company.
Investors seemed to like the bigger story, though they haven&rsquo;t been particularly keen on GDS in general these days. The company&rsquo;s Hong Kong-listed shares rose 18% on Monday after the Bloomberg report came out, and its New York-listed shares followed with a 22% gain the same day. But even after the rally, the stock is still down about 14% so far this year, and has lost more than half of its value over the last 52 weeks.
<h3>Gloomy China Picture</h3>
The contrast between Chinese data center operators and their global peers is quite striking in terms of valuations. GDS currently trades at a price-to-sales (P/S) ratio of just 0.86, while domestic peer&nbsp;VNET&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vnet#NASDAQ">VNET</a>) trades at an even lower 0.22. By comparison, global leaders&nbsp;Equinix&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eqix#NASDAQ">EQIX</a>) and&nbsp;Digital Realty&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dlr#NYSE">DLR</a>) trade at P/S ratios of 10 and 8, respectively, which is what you would expect from high-growth companies.
In this case, the big divide owes directly to the difference between the China and global data center markets. China&rsquo;s ultra-competitive data center market is currently in a &ldquo;corrective&rdquo; phase, which is seeing cloud service providers that are one of industry&rsquo;s largest customers dump a sizable amount of their unprofitable business to focus on larger, profitable users.
By comparison, the global cloud market is a bit healthier in terms of the degree of competition. That shows up on the bottom lines of the four companies we&rsquo;ve mentioned, with GDS and VNET both losing money in each of the last three years, while Equinix and Digital Realty have been quite profitable over that time.
So, what exactly does GDS&rsquo; global business consist of that&rsquo;s getting investors so excited? The company&rsquo;s global footprint is all in Southeast Asia, which is a common starting point for Chinese tech companies going global. It began providing services in Singapore in 2021 using data center capacity provided by ST Telemedia, and officially opened its first self-operated facility in the Malaysian state of Johor in last year&rsquo;s third quarter.
The company was set to bring another similar-sized facility into operation by the end of last year, and has acquired land for another facility in Johor. It has also signed a joint venture agreement with Indonesian sovereign wealth fund, INA, to set up facilities in that country.
As it built up the Malaysia operation, the company was set to log about 4 billion yuan ($556 million) in capital spending for its overseas business last year &ndash; more than the 3.5 billion yuan it was planning for China. The company has yet to announce its international capex plans for 2024, though we can probably expect the figure to be as much or higher than last year&rsquo;s 4 billion yuan. Hence the need to raise cash from new investors, who seem quite happy to pump money into that part of GDS&rsquo; business.
The company announced in December that it had secured a 1.27 billion ringgit ($271 million) green financing facility from a group of major Malaysian lenders, so it appears there is plenty of interest from the financial community in helping GDS to fund its global foray. That group of new investors could expand to include stock buyers as well, if and when GDS decides to spin off and separately list its global division.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

EQIX

GDS Preparing To Spin Off Its Global Business?

Shares of Mesoblast Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meso#NASDAQ">MESO</a>) rose sharply during Monday&rsquo;s session after the company announced FDA support of an accelerated approval pathway for rexlemestrocel-L in end-stage heart failure patients.
Mesoblast shares jumped 13.4% to $2.4399 on Monday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>Kidpik Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pik#NASDAQ">PIK</a>) gained 238% to $9.15. Kidpik recently announced a 1-for 5 reverse stock split.</li>
<li>TC Biopharm (Holdings) Plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tcbp#NASDAQ">TCBP</a>) shares surged 149% to $2.6450.</li>
<li>TRxADE HEALTH, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meds#NASDAQ">MEDS</a>) gained 114.6% to $17.26. TRxADE Health recently announced a special cash dividend of $8 per share.</li>
<li>Fangdd Network Group Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/duo#NASDAQ">DUO</a>) shares climbed 108% to $1.2593 after the company announced its 2024 strategic layout with plans to enter the real estate stock asset services <a href="https://www.benzinga.com/money/best-sectors-to-invest-in-right-now/">sector</a>.</li>
<li>GDS Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gds#NASDAQ">GDS</a>) shares gained 23.7% to $7.93 following a report suggesting Hillhouse and Boyu are in talks to invest in the company&#39;s Southeast Asia data center business.</li>
<li>Solidion Technology Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sti#NASDAQ">STI</a>) rose 23.3% to $0.9620.</li>
<li>Kingsoft Cloud Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kc#NASDAQ">KC</a>) shares gained 23.1% to $3.31. Kingsoft Cloud is expected to report fourth-quarter financial results on March 20, 2024.</li>
<li>EHang Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eh#NASDAQ">EH</a>) gained 21.7% to $13.89. EHang Holdings is expected to release its unaudited financial results for the fourth quarter on March 15, 2024.</li>
<li>Bally&#39;s Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/baly#NYSE">BALY</a>) gained 21.5% to $12.90. Standard General delivered a non-binding letter to the board of directors of Bally&#39;s proposing a transaction under which it would acquire all of the outstanding shares of common stock for $15/share, not currently owned by the company.</li>
<li>Rail Vision Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rvsn#NASDAQ">RVSN</a>) climbed 21.2% to $3.43. Rail Vision received an order from a Class 1 US railroad company for its AI-based safety system.</li>
<li>Marpai, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mrai#NASDAQ">MRAI</a>) gained 18.7% to $2.0899.</li>
<li>bioAffinity Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/biaf#NASDAQ">BIAF</a>) climbed 18.3% to $1.81.</li>
<li>Lixiang Education Holding Co., Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lxeh#NASDAQ">LXEH</a>) gained 15.6% to $4.8797.</li>
<li>Lexicon Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lxrx#NASDAQ">LXRX</a>) jumped 13.4% to $2.4650 after the company said it is preparing to resubmit its Sotagliflozin NDA for Type 1 diabetes following FDA feedback. Additionally, the company announced a securities purchase agreement expected to result in gross proceeds of around $250 million.</li>
<li>NWTN Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nwtn#NASDAQ">NWTN</a>) gained 13.4% to $4.8082.</li>
<li>Pulse Biosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/plse#NASDAQ">PLSE</a>) rose 12.7% to $10.86. Pulse Biosciences announced FDA 510(k) clearance for Cellfx NSPFA Percutaneous Electrode System.</li>
<li>Bilibili Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bili#NASDAQ">BILI</a>) gained 12.7% to $12.55 after JP Morgan upgraded the stock from Underweight to Neutral and raised its price target from $10 to $11. The stock is also gaining amid overall China strength following the annual National People&#39;s Congress event.</li>
<li>Graphite Bio, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/grph#NASDAQ">GRPH</a>) climbed 11.7% to $3.5080. Graphite Bio declared a special dividend in connection with proposed merger with Lenz Therapeutics.</li>
<li>STAAR Surgical Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/staa#NASDAQ">STAA</a>) jumped 10% to $39.45 after Stifel upgraded the stock from Hold to Buy and raised its price target from $30 to $50.</li>
<li>VNET Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vnet#NASDAQ">VNET</a>) rose 9.8% to $1.68.</li>
<li>Moderna, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mrna#NASDAQ">MRNA</a>) gained 9.2% to $112.51.</li>
<li>Ituran Location and Control Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/itrn#NASDAQ">ITRN</a>) climbed 7.8% to $28.42.</li>
<li>NuScale Power Corporation(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/smr#NYSE">SMR</a>) gained 7% to $5.87. NuScale Power is expected to release fourth quarter results on March 14, 2024.</li>
<li>MicroStrategy Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mstr#NASDAQ">MSTR</a>) gained 4.7% to $1,492.07 amid continued strength in Bitcoin.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Jeffs&#39; Brands Ltd (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jfbr#NASDAQ">JFBR</a>) fell 45.2% to $0.8650.</li>
<li>Eltek Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eltk#NASDAQ">ELTK</a>) shares fell 20.9% to $11.00 after the company announced downbeat quarterly earnings.</li>
<li>CERo Therapeutics Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cero#NASDAQ">CERO</a>) declined 22% to $3.0822 after jumping 28% on Friday. CERo Therapeutics recently announced the publication of preclinical research analyzing CER-1236 in targeting Acute Myelogenous Leukemia tumor cells from human patients.</li>
<li>The Real Good Food Company, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rgf#NASDAQ">RGF</a>) fell 19.7% to $0.5536.</li>
<li>Ventyx Biosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vtyx#NASDAQ">VTYX</a>) dipped 18.5% to $8.09. Ventyx Biosciences reported clinical data for its NLRP3 inhibitor portfolio and issued pipeline updates at Virtual Investor Event.</li>
<li>Lytus Technologies Holdings PTV. Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lyt#NASDAQ">LYT</a>) fell 15.3% to $6.78 after declining 8% on Friday. Lytus Technologies, last week, announced the launch of Lytus Cloud.</li>
<li>Next.e.GO N.V. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/egox#NASDAQ">EGOX</a>) declined 15.3% to $0.0727.</li>
<li>MoneyLion Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ml#NYSE">ML</a>) fell 15% to $63.36.</li>
<li>Semilux International Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/selx#NASDAQ">SELX</a>) fell 14.8% to $1.4403 after jumping 69% on Friday.</li>
<li>Lytus Technologies Holdings PTV. Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lyt#NASDAQ">LYT</a>) fell 14.6% to $6.83.</li>
<li>Barnes &amp; Noble Education, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bned#NYSE">BNED</a>) dipped 13.8% to $0.7832. Barnes &amp; Noble Education recently rescheduled its third quarter fiscal year 2024 earnings release.</li>
<li>Psyence Biomedical Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pbm#NASDAQ">PBM</a>) fell 13.4% to $1.8272 after jumping 66% on Friday. The company recently announced its subsidiary, Psyence Australia, received Human Research Ethics Committee approval to initiate its Phase IIb study.</li>
<li>Immuron Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/imrn#NASDAQ">IMRN</a>) shares tumbled 12.5% to $3.3252 after dipping 16% on Friday.</li>
<li>Genie Energy Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gne#NYSE">GNE</a>) fell 12% to $16.67 following fourth-quarter results.</li>
<li>Nanobiotix S.A. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nbtx#NASDAQ">NBTX</a>) dipped 9.8% to $6.35.</li>
<li>Avenue Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/atxi#NASDAQ">ATXI</a>) fell 8.9% to $0.1749 after surging 10% on Friday.</li>
<li>Super Micro Computer, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smci#NASDAQ">SMCI</a>) dipped 8.8% to $1,039.60.</li>
<li>MannKind Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mnkd#NASDAQ">MNKD</a>) declined 8.7% to $4.81. MannKind announced initial meal challenge data from INHALE-3 Phase 4 U.S. trial comparing afrezza head-to-head with multiple daily injections and insulin pumps.</li>
<li>Poseida Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pstx#NASDAQ">PSTX</a>) fell 8.1% to $3.74.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/03/37584162/wall-streets-most-accurate-analysts-say-buy-these-3-energy-stocks-with-over-3-dividend-y"> Wall Street&#39;s Most Accurate Analysts Say Buy These 3 Energy Stocks With Over 3% Dividend Yields</a>

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RVSN

Why Mesoblast Shares Are Trading Higher By 13%? Here Are Other Stocks Moving In Monday's Mid-Day Session

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VNET Gr

VNET Gr (VNET) Forecast

VNET Gr (NASDAQ:VNET) Stock, Quote.Headers.trade-ideas