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NEC ( (JP:6701) ) has provided an announcement.
NEC Corporation has announced its acquisition of CSG Systems International, a U.S.-based software company serving telecom and broadband businesses, for approximately $2.887 billion. This strategic move aims to bolster NEC’s presence in the U.S. market and enhance its global software and services business. The acquisition will enable NEC to leverage CSG’s strong U.S. customer base and Netcracker’s global expertise to offer enhanced digital transformation solutions across various industries, including telecom and broadband, ultimately strengthening NEC’s industry positioning and providing greater value to its customers.
The most recent analyst rating on (JP:6701) stock is a Buy with a Yen5588.00 price target. To see the full list of analyst forecasts on NEC stock, see the JP:6701 Stock Forecast page.
More about NEC
NEC Corporation is a prominent player in the technology industry, focusing on high-value-added software and services, particularly within the telecom services sector. Through its subsidiary Netcracker Technology Corporation, NEC provides digital transformation solutions to over 250 companies globally, emphasizing Business Support Systems (BSS) and Operation Support Systems (OSS).
Average Trading Volume: 4,551,118
Technical Sentiment Signal: Buy
Current Market Cap: Yen6896.6B
For detailed information about 6701 stock, go to TipRanks’ Stock Analysis page.