NET-bed technology two days evaporation 2.2 billion market capitalisation company said fearless operator built CDN

Daily economic News (blog, Weibo) reporter Zhang Hao October 24, the Chinese telecom and China Unicom joint venture to form a CDN company rumors spread in the market. Under the influence of the above information, as a professional Third-party CDN Network host Technology (300017, shares bar) (300017, the closing price of 46.31 yuan), the same day the volume of shares tumbled 8.44%, and on October 27, the company announced the beautiful three quarterly, performance growth in the early warning cap, But the company's share price plunged 5.39%, and the company's market capitalisation has evaporated by 2.2 billion yuan in the past two days. Yesterday, a broker organized a network of Science and Technology Quarterly conference call, according to the participants, the Internet technology that operators will not adjust the company's industry status. High performance growth difficult enemy negative rumors affect the net-bed technology can be called a A-share growth unit model, its high performance growth at the same time, share prices by the market hot, since 2013 up to now the highest rise has reached 10 times times. But in nearly two trading days, a joint venture between China Telecom and Chinese Unicom to establish a CDN company rumors, so that the growth of the stock volume fell, first of all, October 24 tumbled 8.44%; Yesterday, the company announced the three quarterly, still heavy volume plunged 5.39%, two days total evaporation of more than 2.2 billion yuan! Three quarterly reports show that the company's one-quarter operating income of 493 million yuan, an increase of 64.3% per cent of the listed company's common stock net profit of 113 million yuan, an increase of 43.88%, a share of 0.3584 yuan. In addition, the first three quarter net profit growth rate of 128.28%, this is also the early warning of the 105%~135% year-on-year growth of the upper limit, the company's performance still continues the earlier high growth momentum. So why does the rumor of a carrier's formation of a CDN have such a strong impact on the company's share price? According to professionals, CDN is the content distribution network, the basic idea is to avoid the Internet as far as possible to affect the speed and stability of data transmission bottlenecks, so that content transmission faster and more stable. CDN can not only effectively alleviate the problem of insufficient bandwidth, server poverty, and thus become the Internet "accelerator". Network accommodation Technology is the leading provider of Internet service platform, but also one of the earliest companies to carry out CDN business. "The above domestic operators set up their own CDN, the market is expected to change the entire industry competition pattern, so as to Third-party CDN manufacturers such as network technology business challenges, and even the industry shuffle." "the agency said. Limited overall impact of the joint venture yesterday, a brokerage company organized a network of three quarterly performance Exchange conference calls, according to the information provided by the participants, the network of technology executives from three aspects of the operator to form a CDN to the company's influence. First of all, the company believes that the operator market is relatively special. Unicom has 4 CDN Systems in operation; Telecom has also been carrying out CDN services, including a private company to carry out the game, but did not have a good effect. The joint venture is similar to the previous one, and the company's existing business will not be significantly affected. Second, from a global perspective, including atLarge operators such as &t and Vodafone have long provided CDN services worldwide, but none has been particularly successful. The CDN service provided by operators is congenitally deficient, which is determined by the operator's own business type, which is manifested in several aspects: 1 The operator is a resource business, not a technical driver. For CDN, resources are only the foundation, and the effect and efficiency can be exerted by technology. From the technical point of view, CDN Technology and operating experience to rely on time and talent accumulation, no long time accumulation is difficult to run the CDN network well. 2 CDN should be customized according to customer needs, but operators can only provide standardized services, so the business is limited. 3 The operator's management system, it is difficult to adapt to the needs of Internet customers, especially like CDN services require rapid response, rapid iteration. In addition, the Company believes that the overall impact of the two carriers ' joint ventures as CDN is limited. Some institutions believe that the CDN market is still bullish on the boom cycle in the context of the development of network technology space. And its share price after a large half-year consolidation contains pessimistic expectations. The current 15 valuation is only 20 times times as strong as it is attractive.