NEC (NIPNF) Set to Release Earnings on Wednesday

NEC (OTCMKTS:NIPNF) is anticipated to post its results after the market closes on Wednesday, October 28th. Analysts expect NEC to post earnings of $0.2886 per share and revenue of $5.83 billion for the quarter.

NEC Stock Performance

Shares of NIPNF stock opened at $35.62 on Tuesday. The firm has a market capitalization of $9.28 billion, a price-to-earnings ratio of 21.72 and a beta of -0.47. The stock’s 50-day simple moving average is $31.38 and its 200-day simple moving average is $28.98. NEC has a fifty-two week low of $21.65 and a fifty-two week high of $41.00.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein started coverage on shares of NEC in a research note on Tuesday, September 15th. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a Buy rating. Based on data from MarketBeat, NEC has a consensus rating of “Buy”.

NEC Company Profile

NEC Corporation is a Japanese technology company that provides information technology, communications, and digital transformation solutions to businesses, governments, and other organizations. The company’s offerings span enterprise software and services, systems integration, cloud computing, cybersecurity, consulting, and data analytics.

NEC also develops communications infrastructure and network technologies, including solutions for telecommunications operators and enterprise customers.