Trend Micro Inc. (OTCMKTS:TMICY – Get Free Report) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 1,825 shares, a growth of 821.7% from the September 30th total of 198 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 13,259 shares, the short-interest ratio is currently 0.1 days.
Trend Micro Stock Performance
OTCMKTS TMICY opened at $47.73 on Thursday. Trend Micro has a 52-week low of $31.09 and a 52-week high of $52.11. The company has a market capitalization of $6.24 billion, a P/E ratio of 27.12 and a beta of 0.80. The company has a fifty day moving average of $41.39 and a 200-day moving average of $38.18.
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 analysts’ consensus estimates of $0.40 by ($0.23). The firm 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 28.58%. As a group, analysts forecast that Trend Micro will post 1.41 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Separately, Zacks Research downgraded Trend Micro from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Trend Micro has an average rating of “Moderate Buy”.
Read Our Latest Stock Analysis on TMICY
About Trend Micro
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.
See Also
- Five stocks we like better than Trend Micro
- Boeing Got Its MAX 10 Approval, But Q3 Delivered a Reality Check
- The Invisible AI Backbone: Corning’s AI Fiber Play
- Heavy Metal: Why Nucor Could Be an Overlooked AI Infrastructure Winner
- Why Tesla’s Upside Is About More Than a SpaceX Merger
Receive News & Ratings for Trend Micro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trend Micro and related companies with MarketBeat.com's FREE daily email newsletter.
