Trend Micro (TMICY) Set to Announce Earnings on Thursday

Trend Micro (OTCMKTS:TMICY) is anticipated to announce its results after the market closes on Thursday, November 12th. Analysts expect the company to announce earnings of $0.3952 per share and revenue of $477.36 million for the quarter.

Trend Micro (OTCMKTS:TMICY) last posted its quarterly earnings data on Thursday, August 13th. The technology company reported $0.17 earnings per share 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 analyst estimates of $456.51 million. Trend Micro had a net margin of 12.30% and a return on equity of 28.58%. On average, analysts expect Trend Micro to post $1.41 EPS for the current fiscal year and $1.48 EPS for the next fiscal year.

Trend Micro Stock Performance

Shares of TMICY opened at $42.03 on Wednesday. The company has a market capitalization of $5.49 billion, a price-to-earnings ratio of 23.88 and a beta of 0.80. The company’s 50 day simple moving average is $42.88 and its 200 day simple moving average is $38.32. Trend Micro has a 1 year low of $31.09 and a 1 year high of $52.11.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Trend Micro from a “strong sell” rating to a “hold” rating in a research note on Monday, November 2nd. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy”.

About Trend Micro

Trend Micro is a global cybersecurity company that develops software and services to help organizations and individuals protect against digital threats. Its offerings cover endpoint, network, cloud and email security, as well as threat detection and response. The company’s portfolio includes Trend Vision One, a cybersecurity platform that brings together threat detection, investigation and response capabilities, and products for protecting cloud environments and devices. Trend Micro also provides threat intelligence and security services to businesses, governments and consumers.