Trend Micro Inc. (OTCMKTS:TMICY – Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $42.31, but opened at $39.89. Trend Micro shares last traded at $41.23, with a volume of 1,182 shares trading hands.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on TMICY. Zacks Research lowered shares of Trend Micro from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 9th. Jefferies Financial Group upgraded shares of Trend Micro from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Trend Micro has an average rating of “Moderate Buy”.
Check Out Our Latest Stock Analysis on TMICY
Trend Micro Stock Performance
Trend Micro (OTCMKTS:TMICY – Get Free Report) last released its earnings results on Thursday, August 13th. The technology company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.23). The business had revenue of $469.40 million for the quarter, compared to analyst estimates of $456.51 million. Trend Micro had a net margin of 12.30% and a return on equity of 28.58%. As a group, sell-side analysts forecast that Trend Micro Inc. will post 1.41 earnings per share for the current year.
Trend Micro Company Profile
Trend Micro Incorporated is a global cybersecurity company headquartered in Tokyo, Japan. Founded in 1988, the company develops security solutions designed to protect organizations, businesses and consumers from malware, ransomware, phishing, data breaches and other cyber threats.
Its product portfolio includes endpoint and server security, cloud and data-center protection, network defense, email security, identity and zero-trust solutions, and extended detection and response (XDR) capabilities.
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