Trend Micro (TMICY) Expected to Post Quarterly Earnings on Thursday

Trend Micro (OTCMKTS:TMICY) is expected to announce its resultson Thursday, August 6th. Analysts expect Trend Micro to announce earnings of $0.3957 per share and revenue of $456.5060 million for the quarter.

Trend Micro (OTCMKTS:TMICY) last posted its quarterly 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 company had revenue of $467.01 million for the quarter, compared to analyst estimates of $455.87 million. Trend Micro had a net margin of 13.23% and a return on equity of 30.36%. 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 Trading Up 3.4%

Shares of TMICY stock opened at $41.54 on Thursday. The firm’s 50 day moving average is $38.31 and its 200 day moving average is $36.82. The stock 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 12 month low of $31.09 and a 12 month high of $63.32.

Analyst Upgrades and Downgrades

TMICY has been the topic of a number of analyst reports. Zacks Research raised shares of Trend Micro to a “strong sell” rating in a report on Thursday, June 4th. Jefferies Financial Group upgraded Trend Micro from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate 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.