Trend Micro (OTCMKTS:TMICY – Get Free Report) released its quarterly earnings data on Thursday. The technology company reported $0.17 earnings per share (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 12.1%
TMICY stock traded down $5.25 during midday trading on Thursday, reaching $38.31. The stock had a trading volume of 4,664 shares, compared to its average volume of 30,877. The firm has a market cap of $5.01 billion, a price-to-earnings ratio of 20.38 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 business has a fifty day simple moving average of $38.97 and a two-hundred day simple moving average of $36.90.
Wall Street Analysts Forecast Growth
TMICY has been the topic of several analyst reports. Zacks Research raised shares of Trend Micro from a “strong sell” rating to a “hold” rating in a report on Friday, July 31st. Jefferies Financial Group upgraded shares of 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’s stock. According to data from MarketBeat, the stock has a consensus 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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