Trend Micro (OTCMKTS:TMICY – Get Free Report) posted its quarterly earnings results on Thursday. The technology company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.23), Zacks reports. Trend Micro had a net margin of 12.30% and a return on equity of 27.93%. The company had revenue of $469.40 million during the quarter, compared to analyst estimates of $456.51 million.
Trend Micro Stock Performance
OTCMKTS TMICY opened at $35.98 on Friday. Trend Micro has a one year low of $31.09 and a one year high of $60.28. The company has a 50-day simple moving average of $38.81 and a 200-day simple moving average of $36.88. The firm has a market capitalization of $4.70 billion, a PE ratio of 20.44 and a beta of 0.80.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the stock. Jefferies Financial Group raised shares of Trend Micro from a “hold” rating to a “strong-buy” rating in a research report 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 investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Trend Micro currently has a consensus 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.
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