Trend Micro Inc. (OTCMKTS:TMICY) announced its quarterly earnings results on Wednesday. The technology company reported $0.39 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.39, MarketWatch Earnings reports. Trend Micro had a net margin of 19.36% and a return on equity of 17.49%. The firm had revenue of $318.61 million for the quarter, compared to the consensus estimate of $313.45 million.
Trend Micro (OTCMKTS:TMICY) opened at 48.60 on Friday. The firm’s 50-day moving average is $50.96 and its 200-day moving average is $46.30. The company has a market capitalization of $6.67 billion, a PE ratio of 30.32 and a beta of 0.55. Trend Micro has a 12 month low of $32.95 and a 12 month high of $53.20.
Separately, Zacks Investment Research downgraded shares of Trend Micro from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th.
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Trend Micro Company Profile
Trend Micro Incorporated is engaged in the development and sale of security-related software for computers and the Internet. The Company provides server security, cloud security and small business content security. The Company’s segments include Japan, North America, Europe, Asia Pacific and Latin America.
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