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Mitsubishi Electric ( (JP:6503) ) has issued an announcement.
Mitsubishi Electric has announced its agreement to acquire all shares of Nozomi Networks, a U.S.-based leader in operational technology security solutions, to strengthen its OT security business. This acquisition is expected to enhance Mitsubishi Electric’s capabilities in providing comprehensive security solutions, leveraging Nozomi’s advanced technology and customer base to accelerate the growth of its digital platform and related businesses.
The most recent analyst rating on (JP:6503) stock is a Hold with a Yen3300.00 price target. To see the full list of analyst forecasts on Mitsubishi Electric stock, see the JP:6503 Stock Forecast page.
More about Mitsubishi Electric
Mitsubishi Electric Corporation operates in the electronics and electrical equipment industry, providing a wide range of products and services including IT security solutions, industrial automation, and infrastructure systems. The company focuses on leveraging its expertise in IT security to enhance digital transformation across various sectors such as manufacturing and social infrastructure.
Average Trading Volume: 5,180,368
Technical Sentiment Signal: Buy
Current Market Cap: Yen7683.6B
For a thorough assessment of 6503 stock, go to TipRanks’ Stock Analysis page.