NEC (NIPNF) Projected to Post Earnings on Wednesday

NEC (OTCMKTS:NIPNF) is projected to post its results after the market closes on Wednesday, October 28th. Analysts expect the company to announce earnings of $0.2886 per share and revenue of $5.84 billion for the quarter.

NEC Stock Performance

Shares of NIPNF stock opened at $32.32 on Wednesday. The stock’s 50 day simple moving average is $31.03 and its 200 day simple moving average is $28.27. NEC has a twelve month low of $21.65 and a twelve month high of $41.00. The company has a market capitalization of $8.42 billion, a price-to-earnings ratio of 19.71 and a beta of -0.47.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein initiated coverage on shares of NEC in a research note on Tuesday, September 15th. They issued an “outperform” rating on the stock. One analyst has rated the stock with a Buy rating. According to data from MarketBeat, the company currently has an average 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.