21Vianet announces $5M share repurchase program 21Vianet announced that its board has authorized a $5M share repurchase program. 21Vianet's board will review the share repurchase program periodically, and may authorize adjustments to its terms and size. The company plans to fund repurchases made under this program from its available cash balance.
21Vianet price target raised to $35 from $31 at Canaccord Canaccord raised its price target on 21Vianet to $35 from $31 following its Q2 earnings. The firm noted its solid guidance and investments in various growth initiatives and keeps a Buy rating on the shares.