Trend Micro (TMICY) Projected to Announce Earnings on Thursday

Trend Micro (OTCMKTS:TMICY) will likely be posting its resultson Thursday, August 6th. Analysts expect the company to post earnings of $0.3957 per share and revenue of $456.5060 million for the quarter.

Trend Micro (OTCMKTS:TMICY) last announced its earnings results on Thursday, May 14th. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.03. The firm had revenue of $467.01 million during the quarter, compared to analyst estimates of $455.87 million. Trend Micro had a return on equity of 30.36% and a net margin of 13.23%. On average, analysts expect Trend Micro to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Trend Micro Stock Performance

Shares of OTCMKTS:TMICY opened at $41.54 on Thursday. The company’s 50-day moving average is $38.31 and its 200 day moving average is $36.82. The company has a market capitalization of $5.43 billion, a P/E ratio of 22.09 and a beta of 0.81. Trend Micro has a fifty-two week low of $31.09 and a fifty-two week high of $63.32.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Jefferies Financial Group raised shares of Trend Micro from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 4th. Zacks Research raised shares of Trend Micro to a “strong sell” rating in a research report on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Trend Micro Company Profile

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.