Trend Micro (OTCMKTS:TMICY) Announces Earnings Results

Trend Micro (OTCMKTS:TMICY) issued its quarterly earnings data on Thursday. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.02, Zacks reports. Trend Micro had a net margin of 12.30% and a return on equity of 28.58%.

Trend Micro Stock Down 4.2%

Shares of Trend Micro stock traded down $1.80 on Thursday, hitting $40.62. 1,757 shares of the company’s stock traded hands, compared to its average volume of 24,614. The stock has a market cap of $5.31 billion, a P/E ratio of 23.08 and a beta of 0.80. The firm’s 50-day moving average is $42.98 and its 200 day moving average is $38.33. Trend Micro has a 52-week low of $31.09 and a 52-week high of $52.11.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Trend Micro from a “strong sell” rating to a “hold” rating in a research report on Monday, November 2nd. One investment 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 company has an average rating of “Buy”.

About Trend Micro

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.