Trend Micro (TMICY) to Release Earnings on Thursday

Trend Micro (OTCMKTS:TMICY) is expected to issue its results after the market closes on Thursday, August 6th. Analysts expect the company to announce earnings of $0.3957 per share and revenue of $456.5060 million for the quarter.

Trend Micro (OTCMKTS:TMICY) last announced its earnings results on Thursday, May 14th. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.03. Trend Micro had a net margin of 13.23% and a return on equity of 30.36%. The firm had revenue of $467.01 million for the quarter, compared to analysts’ expectations of $455.87 million. On average, analysts expect Trend Micro to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Trend Micro Price Performance

Shares of OTCMKTS TMICY opened at $41.46 on Wednesday. The business’s 50 day moving average is $38.50 and its two-hundred day moving average is $36.80. Trend Micro has a 1-year low of $31.09 and a 1-year high of $63.32. The stock has a market capitalization of $5.42 billion, a P/E ratio of 22.05 and a beta of 0.80.

Analyst Upgrades and Downgrades

TMICY has been the topic of several recent research reports. Jefferies Financial Group upgraded Trend Micro from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 4th. Zacks Research upgraded shares of Trend Micro from a “strong sell” rating to a “hold” rating in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy”.

About Trend Micro

Trend Micro Incorporated is a global cybersecurity company that develops software and services to protect data and networks from evolving digital threats. Headquartered in Tokyo, Japan, with additional offices in North America, Europe and Asia-Pacific, the company offers solutions designed to safeguard businesses, governments and individual users. Since its founding in 1988, Trend Micro has focused on leveraging advanced threat intelligence and machine learning to deliver proactive security measures.

The company’s product portfolio spans endpoint security, network defense, cloud security and threat intelligence services.