Trend Micro Inc. (OTCMKTS:TMICY – Get Free Report)’s share price gapped up before the market opened on Monday . The stock had previously closed at $37.37, but opened at $39.8150. Trend Micro shares last traded at $39.8150, with a volume of 303 shares traded.
Analysts Set New Price Targets
A number of research analysts have issued reports on the company. Jefferies Financial Group upgraded Trend Micro from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 4th. Zacks Research raised shares of Trend Micro to a “strong sell” rating in a report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Trend Micro currently has a consensus rating of “Moderate Buy”.
Get Our Latest Report on TMICY
Trend Micro Trading Up 3.3%
Trend Micro (OTCMKTS:TMICY – Get Free Report) last posted its quarterly earnings results on Thursday, May 14th. The technology company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. Trend Micro had a net margin of 13.23% and a return on equity of 30.36%. The company had revenue of $467.01 million for the quarter, compared to analysts’ expectations of $455.87 million. On average, equities research analysts predict that Trend Micro Inc. will post 1.81 earnings per share for the current year.
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.
See Also
- Five stocks we like better than Trend Micro
- Atlassian’s AI Pivot Is Starting to Challenge Wall Street’s Bear Case
- Apple’s Earnings Setup Puts Its Record Rally and AI Patience to the Test
- Oil Prices Are Surging and These 4 Stocks Are Cashing In
- Innovative ETF Strategies That Are Paying Off This Summer
Receive News & Ratings for Trend Micro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trend Micro and related companies with MarketBeat.com's FREE daily email newsletter.
