Shares of Trend Micro Inc. (OTCMKTS:TMICY – Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $34.86, but opened at $36.96. Trend Micro shares last traded at $37.00, with a volume of 1,200 shares.
Analysts Set New Price Targets
Several analysts recently weighed in on the stock. Jefferies Financial Group upgraded shares of Trend Micro from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 4th. Zacks Research upgraded Trend Micro to a “strong sell” rating in a research note on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.
Read Our Latest Report on Trend Micro
Trend Micro Price Performance
Trend Micro (OTCMKTS:TMICY – Get Free Report) last posted its quarterly earnings data on Thursday, May 14th. The technology company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.54 by $0.03. Trend Micro had a net margin of 13.23% and a return on equity of 30.36%. The business had revenue of $467.01 million during the quarter, compared to analyst estimates of $455.87 million. On average, equities 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.
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