Strength Seen in VNET Group (VNET): Can Its 7.3% Jump Turn into More Strength?

Company Overview - VNET Group (VNET) shares increased by 7.3% to close at $11.13, supported by strong trading volume, and have gained 33% over the past four weeks, driven by AI-driven demand and growth in its wholesale IDC business [1][2] Earnings Expectations - VNET is expected to report quarterly earnings of $0.03 per share, reflecting a year-over-year decline of 50%, while revenues are projected to be $331.52 million, an increase of 9.7% from the previous year [2] - The consensus EPS estimate for VNET has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [3] Industry Context - VNET Group operates within the Zacks Internet - Software industry, where NCR Atleos (NATL) is another player, having closed 1.8% lower at $38.61, with a return of -2.5% over the past month [3] - NCR Atleos has a consensus EPS estimate of $1.01 for its upcoming report, representing a year-over-year increase of 13.5%, and currently holds a Zacks Rank of 1 (Strong Buy) [4]