Trend Micro Inc. (OTCMKTS:TMICY – Get Free Report)’s stock price gapped down prior to trading on Thursday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $43.56, but opened at $38.99. Trend Micro shares last traded at $38.60, with a volume of 1,875 shares traded.
The technology company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.23). Trend Micro had a return on equity of 30.36% and a net margin of 13.23%.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on TMICY. Jefferies Financial Group raised shares of Trend Micro from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 4th. Zacks Research raised shares of Trend Micro from a “strong sell” rating to a “hold” rating in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy”.
Trend Micro Stock Performance
The stock has a market capitalization of $5.04 billion, a PE ratio of 20.53 and a beta of 0.80. The business has a 50 day moving average of $38.97 and a two-hundred day moving average of $36.90.
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.
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