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Stock impact report

Mitsubishi Electric Deepens Cybersecurity Push As Valuation Premium Widens [Yahoo! Finance]

MITSUBISHI ELEC UNSP/ADR (MIELY) 
NASDAQ:AMEX Investor Relations: mitsubishielectric.com/company/ir/index.html
Company Research Source: Yahoo! Finance
Mitsubishi Electric has completed its acquisition of industrial cybersecurity specialist Nozomi Networks, expanding its reach in OT and IoT security. The company is advancing grid edge intelligence through its collaboration with Landis+Gyr. It is backing AI driven data center optimization via an investment in Lucend. Researchers at Mitsubishi Electric are also working on self repairing MEMS materials for next generation industrial components. Tickered as TSE:6503 and trading at ¥4,852.0, Mitsubishi Electric is drawing attention as it pushes deeper into cybersecurity, smart infrastructure and advanced materials. Over the past year, the stock has returned 91.9%, with gains of 247.7% over three years and 228.8% over five years. This puts recent news in the context of multi year performance. In the short term, the shares show a 5.8% return over 30 days, alongside a 2.3% decline over the past week and a 1.3% return year to date. For investors, the completed Nozomi deal, the Land Show less Read more
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