Trend Micro (OTCMKTS:TMICY) Releases Earnings Results, Misses Expectations By $0.23 EPS

Trend Micro (OTCMKTS:TMICY) posted its earnings results on Thursday. The technology company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.23), Zacks reports. Trend Micro had a return on equity of 30.36% and a net margin of 13.23%.

Trend Micro Price Performance

TMICY stock traded down $4.73 during mid-day trading on Thursday, reaching $38.83. 4,529 shares of the company’s stock were exchanged, compared to its average volume of 30,878. The company has a market cap of $5.07 billion, a price-to-earnings ratio of 20.65 and a beta of 0.80. The stock’s 50 day moving average is $38.97 and its 200 day moving average is $36.90. Trend Micro has a 12-month low of $31.09 and a 12-month high of $60.28.

Analysts Set New Price Targets

A number of research analysts have issued reports on TMICY shares. Jefferies Financial Group raised Trend Micro from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 4th. Zacks Research raised shares of Trend Micro from a “strong sell” rating to a “hold” rating in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy”.

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.