Trend Micro Inc. (OTCMKTS:TMICY – Get Free Report)’s stock price was down 4.8% on Tuesday. The company traded as low as $42.37 and last traded at $42.37. 1,665 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 25,983 shares. The stock had previously closed at $44.51.
Wall Street Analysts Forecast Growth
Separately, Zacks Research downgraded Trend Micro from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 9th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.
View Our Latest Analysis on Trend Micro
Trend Micro Stock Down 4.4%
The business has a 50-day simple moving average of $40.29 and a 200-day simple moving average of $38.45. The stock has a market cap of $5.56 billion, a P/E ratio of 24.18 and a beta of 0.80.
Trend Micro (OTCMKTS:TMICY – Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The technology company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.23). Trend Micro had a net margin of 12.30% and a return on equity of 28.58%. The firm had revenue of $469.40 million during the quarter, compared to the consensus estimate of $456.51 million. On average, analysts predict that Trend Micro Inc. will post 1.41 earnings per share for the current fiscal year.
Trend Micro Company Profile
Trend Micro Incorporated is a global cybersecurity company that develops security solutions for businesses, governments and individual consumers. Its products and services are designed to protect endpoints, servers, networks, email systems, cloud environments and connected devices from malware, ransomware, phishing and other cyber threats.
The company offers cloud and network security, endpoint protection, email security, data center security and extended detection and response (XDR) solutions.
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