NEW YORK (TheStreet) -- 21Vianet (VNET) - Get Report was gaining 2.1% to $28.90 after-hours Wednesday after reporting its second quarter results.

For the second quarter 21Vianet reported earnings of RMB0.30 (5 cents) a share, missing the Thomson Reuters consensus estimate of 10 cents a share by 5 cents. The company reported revenue of RMB658 million ($106.1 million), a 39.7% increase from the year-ago quarter.

Looking to the third quarter 21Vianet expects revenue of RMB77 million to RMB 813 million.

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TheStreet Ratings team rates 21VIANET GROUP INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate 21VIANET GROUP INC (VNET) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and generally higher debt management risk."

You can view the full analysis from the report here: VNET Ratings Report

VNET data by YCharts

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