Trend Micro Inc. (OTCMKTS:TMICY – Get Free Report)’s stock price passed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $43.24 and traded as high as $44.9550. Trend Micro shares last traded at $44.9550, with a volume of 1,654 shares trading hands.
Analysts Set New Price Targets
Separately, Zacks Research upgraded shares of Trend Micro from a “strong sell” rating to a “hold” rating in a research note on Monday, November 2nd. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy”.
Read Our Latest Research Report on Trend Micro
Trend Micro Trading Up 10.0%
The stock has a market cap of $5.87 billion, a price-to-earnings ratio of 29.38 and a beta of 0.80. The stock has a fifty day simple moving average of $43.24 and a 200-day simple moving average of $38.36.
Trend Micro (OTCMKTS:TMICY – Get Free Report) last announced its earnings results on Thursday, November 12th. The technology company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. Trend Micro had a net margin of 10.59% and a return on equity of 25.31%. The business had revenue of $471.19 million for the quarter, compared to analyst estimates of $477.36 million. Sell-side analysts forecast that Trend Micro Inc. will post 1.41 earnings per share for the current fiscal year.
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.
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