Trend Micro (OTCMKTS:TMICY – Get Free Report) posted its earnings results on Thursday. The technology company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.23), Zacks reports. Trend Micro had a net margin of 13.23% and a return on equity of 30.36%.
Trend Micro Stock Down 10.9%
Shares of OTCMKTS:TMICY traded down $4.73 during midday trading on Thursday, reaching $38.83. The company’s stock had a trading volume of 4,529 shares, compared to its average volume of 30,878. The firm has a market capitalization of $5.07 billion, a PE ratio of 20.65 and a beta of 0.80. Trend Micro has a twelve month low of $31.09 and a twelve month high of $60.28. The stock has a fifty day moving average of $38.97 and a 200 day moving average of $36.90.
Wall Street Analysts Forecast Growth
TMICY has been the subject of several analyst reports. Zacks Research upgraded Trend Micro from a “strong sell” rating to a “hold” rating in a report on Friday, July 31st. Jefferies Financial Group raised Trend Micro from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.
Trend Micro Company Profile
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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