Trend Micro (OTCMKTS:TMICY) Announces Earnings Results

Trend Micro (OTCMKTS:TMICY) released its earnings results on Thursday. The technology company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02, Zacks reports. Trend Micro had a return on equity of 28.58% and a net margin of 12.30%.

Trend Micro Price Performance

Shares of OTCMKTS TMICY traded down $1.80 during mid-day trading on Thursday, hitting $40.62. The company had a trading volume of 1,757 shares, compared to its average volume of 24,614. Trend Micro has a 12 month low of $31.09 and a 12 month high of $52.11. The stock has a market cap of $5.31 billion, a price-to-earnings ratio of 23.08 and a beta of 0.80. The firm’s 50 day simple moving average is $42.98 and its two-hundred day simple moving average is $38.33.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Trend Micro from a “strong sell” rating to a “hold” rating in a report on Monday, November 2nd. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Trend Micro presently has a consensus rating of “Buy”.

Trend Micro Company Profile

Trend Micro is a global cybersecurity company that develops software and services to help organizations and individuals protect against digital threats. Its offerings cover endpoint, network, cloud and email security, as well as threat detection and response. The company’s portfolio includes Trend Vision One, a cybersecurity platform that brings together threat detection, investigation and response capabilities, and products for protecting cloud environments and devices. Trend Micro also provides threat intelligence and security services to businesses, governments and consumers.