Trend Micro Inc. (OTCMKTS:TMICY – Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $36.07, but opened at $37.06. Trend Micro shares last traded at $37.08, with a volume of 2,002 shares.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on TMICY shares. Zacks Research lowered Trend Micro from a “hold” rating to a “strong sell” rating in a report on Wednesday. Jefferies Financial Group upgraded Trend Micro from a “hold” rating to a “strong-buy” rating in a 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 company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.
Read Our Latest Stock Report on Trend Micro
Trend Micro Stock Up 2.2%
Trend Micro (OTCMKTS:TMICY – Get Free Report) last issued its 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). Trend Micro had a return on equity of 27.93% and a net margin of 12.30%.The firm had revenue of $469.40 million during the quarter, compared to analyst estimates of $456.51 million. Equities analysts anticipate 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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