China’s 21Vianet Group Sinks On Two Downgrades

By | November 26, 2014

Scalper1 News

China Internet data center provider 21Vianet (VNET) plunged on Wednesday after its stock received two downgrades and two price target cuts after reporting weaker-than-expected Q3 results and Q4 outlook late Tuesday. “The core hosting services business was significantly weaker than anticipated,” wrote Canaccord Genuity analyst Greg Miller in a report Wednesday about 21Vianet, a provider of Internet data center, hosting and managed network services. Scalper1 News

Scalper1 News