Trend Micro (OTCMKTS:TMICY) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Trend Micro (OTCMKTS:TMICY) posted its quarterly earnings data on Thursday. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02, Zacks reports. The company had revenue of $471.19 million for the quarter, compared to the consensus estimate of $477.36 million. Trend Micro had a net margin of 12.30% and a return on equity of 28.58%.

Trend Micro Price Performance

Shares of OTCMKTS TMICY remained flat at $40.87 during mid-day trading on Friday. The stock had a trading volume of 3,069 shares, compared to its average volume of 8,488. The company has a 50 day moving average price of $43.08 and a 200-day moving average price of $38.34. The company has a market cap of $5.34 billion, a P/E ratio of 23.22 and a beta of 0.80. Trend Micro has a 12 month low of $31.09 and a 12 month high of $52.11.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Trend Micro from a “strong sell” rating to a “hold” rating in a report on Monday, November 2nd. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has an average 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.