Trend Micro Inc. (OTCMKTS:TMICY – Get Free Report) shares were up 7.1% during mid-day trading on Friday . The company traded as high as $38.0276 and last traded at $37.58. Approximately 8,823 shares changed hands during trading, a decline of 70% from the average session volume of 29,760 shares. The stock had previously closed at $35.10.
Analysts Set New Price Targets
Several equities research analysts have issued reports on TMICY shares. Zacks Research upgraded shares of Trend Micro from a “strong sell” rating to a “hold” rating in a research report on Friday, July 31st. Jefferies Financial Group raised shares of Trend Micro from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy”.
View Our Latest Stock Report on Trend Micro
Trend Micro Stock Performance
Trend Micro (OTCMKTS:TMICY – Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The technology company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.23). The company had revenue of $469.40 million during the quarter, compared to the consensus estimate of $456.51 million. Trend Micro had a net margin of 12.30% and a return on equity of 27.93%. On average, analysts expect that Trend Micro Inc. will post 1.81 EPS for the current year.
Trend Micro Company Profile
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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