Trend Micro Stock Price, News & Analysis

Trend Micro reported strong Q1 2021 results, with net sales of 44,594 million Yen (approximately $420 million), a 5% increase YoY. Annual recurring revenue from enterprise subscriptions rose by 21%, reflecting the success of their SaaS model. The company deployed 36.6 million SaaS instances, marking a 72% increase. Operating income reached 12,226 million Yen ($115 million), while net income was 8,804 million Yen ($83 million). Trend Micro anticipates full-year sales of 183,400 million Yen ($1,746 million) without revising forecasts. The firm focuses on cloud security innovation and customer-centric solutions.

On May 10, 2021, Trend Micro launched Cloud One - Open Source Security by Snyk, a SaaS solution aimed at mitigating open source vulnerabilities in application development. This first-of-its-kind service delivers continuous oversight of open source software risks, addressing a need highlighted by a 2.5x increase in vulnerabilities over the past three years. It integrates security operations and development processes, significantly reducing development time and enhancing risk management. This product is available via AWS Marketplace, reinforcing Trend Micro's commitment to cybersecurity innovation.

On May 6, 2021, Trend Micro announced its recognition as a Leader in Gartner's Magic Quadrant for Endpoint Protection Platforms, specifically for its Apex One offering. This accolade highlights the company's ability to innovate and protect against increasingly sophisticated cyber threats. The Apex One platform features comprehensive security measures, including virtual patching to safeguard customers. The announcement reinforces Trend Micro's commitment to providing cloud-first cybersecurity solutions amid growing remote work challenges.

Trend Micro has been recognized as a leader in The Forrester Wave™: Enterprise Email Security, Q2 2021 report, scoring high in both the Current Offering and Strategy categories. With 91% of threats blocked in 2020 being email-borne, the company emphasizes the importance of email security in its broader cybersecurity platform. Trend Micro's solutions, including its Vision One XDR strategy, offer comprehensive threat detection and response capabilities. The firm received top scores in 11 criteria, showcasing its innovative approach and robust support systems.

Trend Micro has significantly contributed to the establishment of MITRE's ATT&CK for Containers framework, demonstrating its expertise in cloud security. The collaboration involves providing years of threat intelligence and real-world attack data, aiding in the development of new techniques to safeguard container environments. Trend Micro's Cloud One – Container Security tool is designed to streamline security processes for container workflows, promoting innovation while minimizing downtime. This partnership showcases Trend Micro's commitment to protecting customers against evolving cyber threats.

Trend Micro has launched TXOne StellarProtect™, an innovative OT-native endpoint security solution for smart factories, enhancing protection for various ICS environments. This new solution targets vulnerable ICS endpoints prone to ransomware attacks, offering advanced machine learning capabilities for both known and unknown threats. Notably, StellarProtect requires no internet connection, ensuring uninterrupted operation. The solution is designed to minimize performance impact while safeguarding critical assets, addressing the unique security demands of modern manufacturing systems.

Trend Micro has revamped its partner program to enhance profitability for partners offering cloud services. The program includes increased discounts for deal registrations, cloud service bundle options, and support tools for partners. A focus on cloud-first strategies aims to assist organizations in securing public cloud environments amidst heightened digital transformation. Notable accolades for the channel strategy have been received, including recognition from CRN and Canalys for their commitment to channel partnerships.

Trend Micro achieved significant results in the latest MITRE Engenuity ATT&CK Evaluation, detecting 96% of attack steps from simulations mimicking the tactics of notorious APT groups Carbanak and FIN7. The Trend Micro Vision One platform excelled, registering 100% detection of attacks against Linux hosts and preventing 90% of simulations early on. This performance, noted as a second consecutive success in evaluations, highlights the platform's capability in threat detection and response, emphasizing its importance in optimizing cyber-risk reduction for organizations.

Trend Micro has launched two new FedRAMP authorized cloud security services on AWS GovCloud, enhancing support for U.S. government agencies in digital transformation and security. These services are designed for virtual, cloud, and container environments, offering automated protection and simplified deployment. The partnership with Smartronix provides comprehensive security in a FedRAMP authorized environment, addressing increased cyber risks as agencies migrate to the cloud. These solutions aim to save taxpayer dollars and improve IT efficiencies.