Trend Micro (TMICY) Projected to Announce Earnings on Thursday

Trend Micro (OTCMKTS:TMICY) is expected to announce its results after the market closes on Thursday, August 6th. Analysts expect the company to post earnings of $0.3957 per share and revenue of $456.5060 million for the quarter.

Trend Micro (OTCMKTS:TMICY) last issued its earnings results on Thursday, May 14th. The technology company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.54 by $0.03. The firm had revenue of $467.01 million during the quarter, compared to the consensus estimate of $455.87 million. Trend Micro had a net margin of 13.23% and a return on equity of 30.36%. On average, analysts expect Trend Micro to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Trend Micro Price Performance

TMICY traded up $1.50 during mid-day trading on Tuesday, hitting $41.50. The stock had a trading volume of 5,347 shares, compared to its average volume of 32,210. The stock’s fifty day simple moving average is $38.45 and its 200-day simple moving average is $36.80. The firm has a market capitalization of $5.42 billion, a price-to-earnings ratio of 22.07 and a beta of 0.80. Trend Micro has a 1-year low of $31.09 and a 1-year high of $63.32.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Zacks Research upgraded shares of Trend Micro from a “strong sell” rating to a “hold” rating in a research report on Friday. Jefferies Financial Group raised Trend Micro from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Trend Micro 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.