Trend Micro Inc. (OTCMKTS:TMICY – Get Free Report) shares crossed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $43.24 and traded as high as $44.9550. Trend Micro shares last traded at $44.9550, with a volume of 1,654 shares.
Analyst Upgrades and Downgrades
Separately, Zacks Research raised 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 assigned a Hold rating to the company’s stock. According to data from MarketBeat, Trend Micro currently has an average rating of “Buy”.
View Our Latest Analysis on TMICY
Trend Micro Stock Performance
The firm has a 50 day moving average price of $43.24 and a two-hundred day moving average price of $38.36. The company has a market capitalization of $5.87 billion, a P/E ratio of 29.38 and a beta of 0.80.
Trend Micro (OTCMKTS:TMICY – Get Free Report) last posted its earnings results on Thursday, November 12th. The technology company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.40 by $0.02. The business had revenue of $471.19 million during the quarter, compared to the consensus estimate of $477.36 million. Trend Micro had a return on equity of 25.31% and a net margin of 10.59%. On average, equities analysts expect that Trend Micro Inc. will post 1.41 earnings per share for the current year.
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.
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