Jefferies Financial Group Analysts Lower Earnings Estimates for Trend Micro Incorporated (TMICY)
Trend Micro Incorporated (OTCMKTS:TMICY) – Analysts at Jefferies Financial Group dropped their FY2018 earnings per share estimates for shares of Trend Micro in a research note issued to investors on Monday, December 3rd. Jefferies Financial Group analyst H. Sato now anticipates that the technology company will post earnings of $1.81 per share for the year, down from their previous estimate of $1.86.
Several other brokerages also recently issued reports on TMICY. ValuEngine raised shares of Trend Micro from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. Zacks Investment Research downgraded shares of Trend Micro from a “hold” rating to a “sell” rating in a report on Friday, November 23rd.
About Trend Micro
Trend Micro Incorporated develops and sells security solutions primarily in Japan. The company offers hybrid cloud security solutions, such as data center, cloud, and virtualization security products; network security solutions, including integrated advanced threat prevention and advanced threat detection solutions; user protection solutions comprising endpoint and gateway suites, endpoint security, email security, Web security, SaaS application security, and endpoint detection and response; and support services.
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