VNET Gr Option Alert: Sep 19 $25 Calls Sweep (53) near the Ask: 2025 vs 301 OI; Earnings 3/26 After Close [est] 

VNET Gr Option Alert: Sep 19 $25 Calls Sweep (53) near the Ask: 2025 @ $2.95 vs 301 OI; Earnings 3/26 After Close [est] Ref=$15.834

VNET Group (NASDAQ:VNET) 株価情報

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 358 MW of wholesale capacity in service with a further 297 MW under construction and a further 489 MW held for future development.

VNET Group

21Vianet Group

VNET Group, Inc. - American Depositary Shares

VNET Group Inc

<h3>Gainers</h3>
<ul>
<li>Nvni Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVNI#NASDAQ">NVNI</a>) stock rose 43.3% to $0.31 during Wednesday's regular session. The company's market cap stands at $28.1 million. </li>
<li>Roadzen (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDZN#NASDAQ">RDZN</a>) shares rose 12.65% to $0.97. The market value of their outstanding shares is at $72.3 million. </li>
<li>Silicon Motion Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIMO#NASDAQ">SIMO</a>) shares increased by 11.48% to $50.34. The market value of their outstanding shares is at $1.6 billion. As per the news, the Q1 earnings report came out yesterday. </li>
<li>VNET Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNET#NASDAQ">VNET</a>) stock rose 11.34% to $6.3. The market value of their outstanding shares is at $1.6 billion. </li>
<li>Qorvo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRVO#NASDAQ">QRVO</a>) stock moved upwards by 10.1% to $68.98. The market value of their outstanding shares is at $6.4 billion. As per the news, the Q4 earnings report came out yesterday. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Super Micro Computer (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) stock fell 15.2% to $30.52 during Wednesday's regular session. The market value of their outstanding shares is at $18.2 billion. </li>
<li>Ribbon Communications (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RBBN#NASDAQ">RBBN</a>) shares decreased by 15.07% to $3.19. The company's market cap stands at $560.3 million. As per the press release, Q1 earnings came out yesterday. </li>
<li>Creative Global Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGTL#NASDAQ">CGTL</a>) stock declined by 14.71% to $0.87. The company's market cap stands at $18.6 million. </li>
<li>Youxin Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YAAS#NASDAQ">YAAS</a>) shares fell 14.19% to $2.48. The market value of their outstanding shares is at $83.2 million. </li>
<li>Saiheat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIH#NASDAQ">SAIH</a>) stock declined by 14.11% to $6.55. The market value of their outstanding shares is at $11.0 million. The company's, FY earnings came out 2 days ago. </li>
<li>Benchmark Electronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHE#NYSE">BHE</a>) stock fell 13.57% to $33.08. The company's market cap stands at $1.1 billion. As per the news, the Q1 earnings report came out yesterday. 
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.

Movers

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11 Information Technology Stocks Moving In Wednesday's Intraday Session

Don't call it a comeback, but the market attempted to <a href="https://www.benzinga.com/government/regulations/25/04/45015276/wall-street-rally-pauses-tesla-heads-for-strongest-week-in-6-months-whats-driving-markets-friday">rally last week</a> after a worrisome Monday decline. The S&amp;P 500 closed above 5500 on Friday for the first time since President Donald Trump <a href="https://www.benzinga.com/25/04/44720006/markets-take-off-as-trump-announces-90-day-tariff-pause-for-non-retaliating-nations-slaps-china-with-125-duty">announced a 90-day pause</a> on levying his reciprocal tariffs.
While the benchmark index was still 150 points below its pre-tariff announcement level, investors are gaining confidence that the steepest import taxes will be reduced or disregarded entirely.
Given this week&#8217;s rocky start, it&#8217;s still too early to call the bear market over. But it&#8217;s a good time to start looking for stocks that are building short-term momentum.
Today, we'll look at six stocks with promising technical trends that are driving their prices up.
We&#8217;re focusing on stocks with a minimum 98 Momentum score from Benzinga Edge that could be poised for an upward move over the next few weeks.
<h2 class="wp-block-heading">Rigetti Computing Inc.&nbsp;</h2>
Benzinga Edge Momentum Score: 99.86
Quantum computing stocks were one of 2025's first significant new investment trends, and Rigetti Computing (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>), which manufactures quantum computers and superconducting processors, was one of the most prominent winners. The company's stock was trading under $1.50 around Thanksgiving before a parabolic breakout saw shares reach $20 by the first week of January. The exponential rally fizzled shortly thereafter, but the stock is still well above its pre-Thanksgiving average and could be coiling up for the next move higher.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXe56O1M3JQtasNTb3WpvSiFw9pcXN0K8637FvovhUiDDeja3dnylTb7ZTfXUv8MqKCS_4vw8PP_eZWTXcFDMOVP5FercsbsgG5wAwgqx-I0mCkMosvYfOCKXVBLInT9hyEtdKAV?key=BFT1P88ZKYnvATe0GLA-uBhm" alt="" /></figure>
RGTI shares have traded in a tight range since the beginning of March, and the price appears to have found support around the $7.50 level, with a potential double-bottom formation. Another short-term bullish signal comes from the exponential moving average (EMA), which puts more emphasis on recent prices than the simple moving average (SMA). The 5-day EMA crossed over the 10-day last week and the stock has been up for four straight days since. Rigetti reports earnings on May 8, which could provide another catalyst for a stock that's already showing uptrending technical signs. 
<h2 class="wp-block-heading">Nutex Health Inc.&nbsp;</h2>
Benzinga Edge Momentum Score: 99.94
Nutex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUTX#NASDAQ">NUTX</a>) is a small-cap medical services company that owns healthcare facilities like microhospitals and outpatient centers. The company also offers cloud-based services for billing, human resources, accounting and legal. The stock soared to a multi-year high following a blowout earnings report at the start of April in which the company reported $257 million in quarterly revenue, an upside surprise of more than 200%.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXclVzIbQdIn5Axi1ozMV6mi-C491wLKfxoi0hHHSSiAefuv8GmPqC7Hfkw3-2OwF3hzaColAPeKHXkrwIAoJtt32G16RnXRSgm3sek_CEfx1xFh13suTv1OtichKW1dlIEg9p8y4g?key=BFT1P88ZKYnvATe0GLA-uBhm" alt="" /></figure>
NUTX shares had been showing promising signals before this breakout. The 50-day SMA crossed over the 200-day SMA in September, known as a Golden Cross, and has since served as a support level for the share price. But the stock quickly became overbought, and a sell signal from the Relative Strength Index (RSI) coincided with a multiday losing streak. However, the uptrend is still in place, and the RSI is back below the overbought trigger point of 70. Keep an eye on this one and remember the 50-day SMA's former role as a support level.
<h2 class="wp-block-heading">Rocket Lab USA Inc. RKL</h2>
Benzinga Edge Momentum Score: 99.46
Rocket Lab USA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) builds and launches its spacecraft through three product families: the Neutron and Electron launch vehicles and the Photon satellite system. The company offers civil and commercial services and has put multiple objects into orbit. RKLB shares broke out of a multi-year range in October and reached a new all-time high in January, achieving a gain of more than 200% in just three months.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcc_nDaxh2ONdoH7w47EIXu0Eqz2ob_EYCEartuib7DtFw0jKjWVcRVX6gfClq8gCO2odgRq3rMdCRsF10mGfpdFbs8oNLHPFYEP6bByXINpLhMbpuDZHWroOEcljeV9k6DZSdNIA?key=BFT1P88ZKYnvATe0GLA-uBhm" alt="" /></figure>
RLKB shares failed to launch in 2025, however, dropping back under $20 per share and languishing in a constrictive range. The price dipped below the 50-day SMA in February but recently regained momentum by breaking through the 50-day SMA for the first time in two months. The RSI remains below the overbought threshold, indicating this breakout could have strength moving forward.
<h2 class="wp-block-heading">VNet Group Inc.&nbsp;</h2>
Benzinga Edge Momentum Score: 98.58
VNet Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNET#NASDAQ">VNET</a>) operates data centers across the Beijing and Shanghai areas and counts high-profile firms like Alibaba and Tencent as clients. Like Rocket Lab, VNET shares had a parabolic explosion earlier this year before retreating. The stock climbed as high as $15.34 before settling back under $5.00 earlier this month.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdCPwVUxMm9-TxlGnv_zAiMpcbcbf8C3wID2nu_pYphfsXKqMuxPL8gLVgWuZrjGVRTlT3-nLBaZgbXMUr-boP4Bby_ipGA1karSutrStrTJS0YTFha7NzZf_cNKvzornxqWzq_?key=BFT1P88ZKYnvATe0GLA-uBhm" alt="" /></figure>
This selloff may be overdone, though, as technical signals are pointing at a reversal. The RSI has dipped under 30 multiple times in April, signaling oversold conditions. Additionally, the stock has been trading below its 5-day and 10-day EMAs, but the gap between these two numbers is closing, and the share price is now above the 5-day mark. If the 5-day EMA crosses above the 10-day EMA, it will trigger another bullish signal, and this two-month downtrend could see a quick reversal.
<h2 class="wp-block-heading">Hallador Energy Co.&nbsp;</h2>
Benzinga Edge Momentum Score: 98.40
If you want an example of a breakout following the 5-day EMA crossing the 10-day EMA, look at Hallador Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HNRG#NASDAQ">HNRG</a>), a company that mines coal in Indiana. Hallador has tailwinds from the Trump administration's renewed interest in coal, and the stock also has some technical patterns pointing to a move higher.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXd38x_XWW-XIPvF_Xynv-k2JtCVRWfoZ_CqOcx743I0aXv6o0vElzNsDsKAY-OwI9qVXh-Ls8e3MerzGRcQmtXbt2KC1bbq6saNL5pvblzoUAFi4ucDida6g5DnWyUouXeCdihl?key=BFT1P88ZKYnvATe0GLA-uBhm" alt="" /></figure>
The stock is already up over 50% in the last three months, and the 5-day/10-day EMA cross heralded another massive green candle, taking the stock from $11 to $14.69 in under three weeks. The bullish momentum remains in place, as the stock price is trading above the 5-day and 10-day EMAs while the RSI is still not in overbought territory. 
<h2 class="wp-block-heading">Archer Aviation Inc.&nbsp;</h2>
Benzinga Edge Momentum Score: 98.61
Archer Aviation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>) has had a turbulent time lately, jumping from $3.21 to $11.51 in under two months before dropping back under $7 earlier this month. Like most stocks on our list, ACHR shares had a significant uptrend stall out recently and now show signs of a turnaround.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXd925p-JDONF6Q-L1JYUVOTTHsM2qifLuhVsLGChjiK1fIlc8FXN4U2Z_pbQLZPFovxyga52hs2rT2-5qprLq0ZL5SBThsy1HuyJlfMU9aK-XDsKjZLftvQq_VZwaDv2OKdk_NV1A?key=BFT1P88ZKYnvATe0GLA-uBhm" alt="" /></figure>
ACHR shares had been fading for multiple weeks but recently broke out of this slump by punching through a downward trendline that had been in place since mid-February. A bullish crossover accompanied this breakout on the MACD, which lends support to the breakout being legitimate. A potential catalyst for the move is a Buy reiteration from Needham on April 21, which places a $13 price target on the stock, indicating a possible upside of more than 51%.
<h2 class="wp-block-heading">Here's What Wall Street's Earnings Insiders See (That You're Missing)</h2>
Start trading earnings season like a pro – with real-time alerts the moment critical numbers drop. Plus, expert analysis that uncovers hidden opportunities in the post-earnings chaos. See What the Pros are Seeing Today right <a href="https://www.benzinga.com/premium/ideas/benzinga-edge">HERE</a>.
Editorial content from our Expert contributors is intended to be information for the general public and not individualized investment advice. Editors/contributors are presenting their individual opinions and strategies, which are neither expressly nor impliedly approved or endorsed by Benzinga.
Photo: Shutterstock

Opinion

Trading Ideas

ACHR

HNRG

NUTX

RGTI

RKLB

6 Stocks Showing Momentum As The Market Rebounds

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COMM

CRDO

CRSR

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DOCN

ENTG

FARO

FLEX

FORM

GDDY

GLOB

ICHR

LDTC

LITE

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OKTA

ONTO

PRSO

PSTG

RMBS

SELX

SHOP

SITM

SMTC

SNOW

SYNA

TSSI

TWLO

UCTT

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Shares of companies within the broader technology sector are trading higher amid overall market strength after President Trump said he had no intention of firing Fed Chair Powell. Additionally, Trump indicated the final tariff rate would be less than the current 145% but not 0%.

AEIS

AIRE

ARBB

ASAN

BNZI

CDNS

CHKP

CRWD

DGLY

DGNX

FSLR

FTNT

GOOG

GOOGL

IFBD

INFY

INTA

IPGP

IVDA

MLGO

MSFT

NTRP

OLED

ORCL

PONY

QBTS

RBRK

RCAT

SGMA

SNPS

SOUN

TRMB

XTKG

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Shares of companies within the broader tech sector are trading lower after Fed Chair Powell made remarks at the Economic Club. Also, the broader tech industry may be weighed down by NVIDIA after the United States informed the company that it may require a license to export chips to China

The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">Pony AI Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PONY#NASDAQ">PONY</a>)</h3>
<ul>
<li>On April 3, Pony AI announced it has won a permit from Luxembourg's Ministry of Mobility and Public Works to begin Level 4 (L4) Robotaxi testing. Pony.ai established its first dedicated European research and testing hub in Luxembourg, making it the first autonomous vehicle company. The company's stock fell around 62% over the past month and has a 52-week low of $5.22.</li>
<li>RSI Value: 24</li>
<li>PONY Price Action: Shares of Pony AI fell 9.4% to close at $5.30 on Friday.</li>
<li>Edge Stock Ratings: Value at 50.19. </li>
</ul>
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/quote/PONY"><img loading="lazy" decoding="async" width="496" height="193" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/14041920/image-89.png" alt="" class="wp-image-869569" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/14041920/image-89.png 496w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/14041920/image-89-300x117.png 300w" sizes="(max-width: 496px) 100vw, 496px" /></a></figure>
<h3 class="wp-block-heading">Commscope Holding Company Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COMM#NASDAQ">COMM</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul>
<li>CommScope Holding will release its first quarter 2025 financial results on Thursday, May 1, before the opening bell. The company's stock fell around 34% over the past month and <a href="https://www.benzinga.com/quote/COMM">has a 52-week low</a> of $0.86.</li>
<li>RSI Value: 29.4</li>
<li>COMM Price Action: Shares of Commscope fell 2.3% to close at $3.36 on Friday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the trend in <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0414">COMM stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0414"><img loading="lazy" decoding="async" width="922" height="845" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/14042023/image-90.png" alt="" class="wp-image-869573" style="width:571px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/14042023/image-90.png 922w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/14042023/image-90-300x275.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/14042023/image-90-768x704.png 768w" sizes="(max-width: 922px) 100vw, 922px" /></a></figure>
<h3 class="wp-block-heading">VNET Group Inc &#8211; ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNET#NASDAQ">VNET</a>)</h3>
<ul>
<li>On March 13, VNET Group announced the pricing of its $430 million convertible senior notes offering. The 2.50% notes, due in 2030, will be senior, unsecured obligations of the company. The company's stock fell around 52% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/VNET">low of $1.42</a>.</li>
<li>RSI Value: 28.1</li>
<li>VNET Price Action: Shares of VNET fell 2.3% to close at $5.54 on Friday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0414">breakout in VNET shares</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0414"><img loading="lazy" decoding="async" width="882" height="848" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/14042117/image-91.png" alt="" class="wp-image-869576" style="width:464px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/14042117/image-91.png 882w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/14042117/image-91-300x288.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/14042117/image-91-768x738.png 768w" sizes="(max-width: 882px) 100vw, 882px" /></a></figure>
Learn more about BZ Edge Rankings—click to see scores for other stocks in the sector and s<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">ee how they compare.</a> 
Read This Next: 
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/04/44759831/top-3-industrials-stocks-that-may-explode-in-april">Top 3 Industrials Stocks That May Explode In April</a> </li>
</ul>
Photo via Shutterstock

Long Ideas

News

Pre-Market Outlook

Markets

Top 3 Tech Stocks That May Rocket Higher In Q2

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Shares of companies within the broader tech sector are trading lower amid an overall market reversal on US-China trade tensions.

<h3>Gainers</h3>
<ul>
<li>Wellchange Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WCT#NASDAQ">WCT</a>) stock moved upwards by 40.8% to $0.27 during Friday's pre-market session. The market value of their outstanding shares is at $12.7 million. </li>
<li>CXApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CXAI#NASDAQ">CXAI</a>) stock rose 31.38% to $1.06. The company's market cap stands at $19.7 million. As per the news, the Q4 earnings report came out yesterday. </li>
<li>Oblong (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OBLG#NASDAQ">OBLG</a>) shares moved upwards by 30.48% to $4.35. The company's market cap stands at $5.0 million. </li>
<li>Bit Origin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTOG#NASDAQ">BTOG</a>) stock increased by 13.9% to $0.17. The market value of their outstanding shares is at $1.4 million. </li>
<li>Brand Engagement Network (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNAI#NASDAQ">BNAI</a>) stock increased by 12.66% to $0.34. The market value of their outstanding shares is at $13.9 million. </li>
<li>Smith Micro Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMSI#NASDAQ">SMSI</a>) stock increased by 10.41% to $0.82. The company's market cap stands at $14.5 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Agora (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/API#NASDAQ">API</a>) shares decreased by 16.6% to $3.15 during Friday's pre-market session. The company's market cap stands at $290.3 million. </li>
<li>Intchains Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICG#NASDAQ">ICG</a>) stock fell 16.44% to $1.83. The company's market cap stands at $110.4 million. </li>
<li>Arlo Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARLO#NYSE">ARLO</a>) shares fell 15.87% to $7.16. The company's market cap stands at $733.4 million. </li>
<li>Data Storage (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DTST#NASDAQ">DTST</a>) shares decreased by 15.79% to $2.88. The company's market cap stands at $20.2 million. As per the news, the Q4 earnings report came out 4 days ago. </li>
<li>VNET Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNET#NASDAQ">VNET</a>) shares declined by 12.69% to $6.4. The market value of their outstanding shares is at $1.7 billion. </li>
<li>Soluna Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLNH#NASDAQ">SLNH</a>) shares fell 12.4% to $0.43. The company's market cap stands at $4.5 million. The company's, Q4 earnings came out 3 days ago. 
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 Friday's Pre-Market Session

Offerings

VNET Closes $430M Convertible Senior Notes Offering Due 2030

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Shares of companies in the broader technology sector are trading higher. The sector may be rising as the overall market rebounds after falling recently on tariff concerns.

Citigroup analyst Louis Tsang maintains VNET Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNET#NASDAQ">VNET</a>) with a Buy and raises the price target from $16.1 to $20.

Price Target

Analyst Ratings

Citigroup Maintains Buy on VNET Gr, Raises Price Target to $20

VNET Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNET#NASDAQ">VNET</a>) shares are trading lower on Thursday after the company announced the pricing of its $430 million <a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/n44300047/vnet-prices-offering-of-us-430-million-convertible-senior-notes-due-2030" rel="noreferrer noopener">convertible senior notes offering.</a>
The 2.50% notes, due in 2030, will be senior, unsecured obligations of the company.
The notes will bear interest at 2.50% per annum, payable semi-annually, beginning October 1, 2025. They will mature on April 1, 2030, unless repurchased, redeemed, or converted before then.
The company intends to use the net proceeds for the capital investment in wholesale IDC projects, working capital and general corporate purposes.
Also Read:<a target="_blank" href="https://www.benzinga.com/25/03/44300130/dollar-general-q4-revenue-crushes-estimate-as-sales-in-new-stores-pick-up" rel="noreferrer noopener"> Dollar General Q4 Revenue Crushes Estimate As Sales In New Stores Pick Up; Stock Jumps</a>
Yesterday, VNET reported strong fourth-quarter results, with net revenues rising <a href="https://www.benzinga.com/pressreleases/25/03/n44270460/vnet-reports-unaudited-fourth-quarter-and-full-year-2024-financial-results" target="_blank" rel="noreferrer noopener">18.3% to RMB2.25 billion ($307.8 million).</a>
Adjusted cash gross profit increased by 24.6%, reaching RMB923.9 million, with an improved gross margin of 41.1% compared to 39.1% in 2023.
The company also saw a 63.8% increase in adjusted EBITDA, reaching RMB721.3 million, which includes a RMB87.7 million gain from the disposal of the E-JS02 data center.
Adjusted EBITDA margin for the quarter was 32.1%, up from 23.2% in the previous year.
In a press release dated March 12, the company&#8217;s interim CEO Josh Sheng Chen said, &#8220;Moving into 2025, we remain confident in&nbsp;China&nbsp;market&#8217;s growth potential.&#8221;&nbsp;
&#8220;Looking ahead, we will continue to execute our effective dual-core strategy while investing in future growth to propel our high-quality development and create long-term shareholder value,&#8221; said Qiyu Wang, Chief Financial Officer of VNET.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, VNET stock has gained over 426% in the past year.
Price Action: VNET shares are trading lower by 6.18% to $10.32 at last check Thursday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/earnings/25/03/44302501/ulta-beauty-q4-earnings-preview-comparable-sales-gross-margins-on-watch" target="_blank" rel="noreferrer noopener">Ulta Beauty Q4 Earnings Preview: Comparable Sales, Gross Margins On Watch</a></li>
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Image via Shutterstock.

Equities

General

What's Going On With VNET Group Stock Today?

VNET Group shares are trading lower after the company announced a $400 million convertible senior notes offering.

U.S. stock futures were lower this morning, with the Dow futures falling around 0.1% on Thursday.
Shares of UiPath Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PATH#NYSE">PATH</a>) fell sharply in today's pre-market trading after the company reported a fourth-quarter revenue miss and issued first-quarter revenue <a href="https://www.benzinga.com/news/earnings/25/03/44290549/uipath-shares-plunge-after-q4-revenues-miss-weak-q1-guidance">guidance below estimates</a>.
UiPath reported quarterly earnings of nine cents per share, which beat the analyst consensus estimate of three cents. Quarterly revenue of $424 million missed the analyst consensus estimate of $425.36 million and is an increase over revenue of $405.25 million from the same period last year.
UiPath shares dipped 16.7% to $9.85 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul>
<li>SentinelOne, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/S#NYSE">S</a>) fell 13.6% to $16.68 in pre-market trading after the company reported fourth-quarter results.      </li>
<li>American Eagle Outfitters, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEO#NYSE">AEO</a>) shares dipped 10.9% to $10.20 in pre-market trading following fourth-quarter results.</li>
<li>A10 Networks, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATEN#NYSE">ATEN</a>) fell 10.4% to $17.51 in pre-market trading after the company announced $200 million convertible senior notes offering.</li>
<li>VNET Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNET#NASDAQ">VNET</a>) dipped 10.2% to $9.88 in pre-market trading as the company announced a proposed offering of convertible senior notes.</li>
<li>AnaptysBio, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANAB#NASDAQ">ANAB</a>) shares tumbled 6.8% to $16.50 in pre-market trading.</li>
<li>PACCAR Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCAR#NASDAQ">PCAR</a>) fell 5.2% to $97.00 in pre-market trading.</li>
<li>AngioDynamics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGO#NASDAQ">ANGO</a>) fell 3.2% to $9.10 in pre-market trading.</li>
<li>Mister Car Wash, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCW#NASDAQ">MCW</a>) fell 2.3% to $7.60 in pre-market trading. Raymond James analyst Bobby Griffin initiated coverage on Mister Car Wash with an Outperform rating and announced a price target of $10.</li>
</ul>
Now Read This:<a href="https://www.benzinga.com/25/03/44295828/adobe-intel-and-3-stocks-to-watch-heading-into-thursday"> </a>
<ul>
<li><a href="https://www.benzinga.com/25/03/44295828/adobe-intel-and-3-stocks-to-watch-heading-into-thursday">Adobe, Intel And 3 Stocks To Watch Heading Into Thursday</a></li>
</ul>

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UiPath Posts Weak Revenue, Joins SentinelOne, American Eagle And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

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