Trend Micro (OTCMKTS:TMICY – Get Free Report) posted its earnings results on Thursday. The technology company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.23), Zacks reports. Trend Micro had a return on equity of 30.36% and a net margin of 13.23%.The business had revenue of $469.40 million during the quarter, compared to analysts’ expectations of $456.51 million.
Trend Micro Stock Down 12.2%
TMICY stock opened at $38.25 on Friday. The stock has a 50-day simple moving average of $38.91 and a two-hundred day simple moving average of $36.89. Trend Micro has a twelve month low of $31.09 and a twelve month high of $60.28. The firm has a market capitalization of $5.00 billion, a PE ratio of 20.35 and a beta of 0.80.
Wall Street Analyst Weigh In
Several research analysts recently commented on TMICY shares. Jefferies Financial Group raised shares of Trend Micro from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 4th. Zacks Research upgraded Trend Micro from a “strong sell” rating to a “hold” rating in a research report on Friday, July 31st. 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 MarketBeat, the stock currently has a consensus rating of “Buy”.
About Trend Micro
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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