Pacific Crown publishes research report today to maintain the century interconnection and industry parity rating

Summary: View the latest quotes Beijing time March 7 Evening News, the Pacific Crown Securities released a study today to maintain the century interconnection (nasdaq:vnet) shares with the industry flat rating. The following is the full report: Century Interconnection performance and performance forecast performance stability

View the latest quotes

Beijing Time March 7 Evening News, the Pacific Crown Securities published a study today, to maintain the century interconnection (nasdaq:vnet) shares of the "flat with the industry" rating.

The following is the full report:

Century interconnection performance and performance forecast performance stability. We believe that, on the basis of current valuations, the acceleration of cabinet deployments and the rise in cloud computing revenues will contribute to the interconnected share price of the century.

Last quarter performance stable

Century Interconnection quarterly revenues, earnings per share, and pre-tax profit (EBITDA) were 90.2 million U.S. dollars, 0.10 U.S. dollars and 17 million U.S. dollars, above analysts ' average forecast of 89.3 million dollars, 0.05 dollars and 16.9 million dollars. Host and Management network revenue is 60.2 million U.S. dollars and 30.1 million dollars, and our expectations are 62.1 million U.S. dollars and 26.9 million dollars respectively.

The growth of the self-built cabinets is modest

The number of self-built cabinets and partner cabinets is 9,131 and 4,910, respectively, and we expect 11,576 and 4,800 respectively. The number of cabinet deployments will increase in 2014. The utilization rate and the charging cabinet are 71.2% and 9,997 respectively, and our expectation is 75% and 12,282 respectively. The company's management is currently predicting a total of 25,000 cabinets by 2014, down from 27,000 previously expected.

Revenue forecast above average forecast

Century interconnection forecast that the first quarter revenue of 95 million to 98 million U.S. dollars, interest tax depreciation amortization before the profit of 18 million to 19 million U.S. dollars. Analysts expect an average of 95.6 million dollars and 18.6 million dollars respectively. In addition, the company forecast that 2014 revenue of 448 million to 471 million U.S. dollars, interest tax depreciation amortization before the profit of 93 million to 98 million U.S. dollars. Analysts expect an average of 453 million dollars and 95 million dollars. We now expect cloud computing revenue to be 25 million dollars, and the company is forecast at least 45 million dollars.