Trend Micro, a company that specializes in security software solutions, seems to be doing quite well on the Tokyo stock market. Following a ratings modification by Mitsubishi UFJ Securities, from "outperform to "strong outperform", Trend Micro has seen more money coming in than in the past three months.
In the world of security software producers, Trend Micro ranks in at the number three. On the Tokyo stock market, the company shares have been decreasing in value for the past three years, with a 32% drop since the 1st of November and a 13% drop this year alone. But since Mr. Hideaki Tanaka has increased his rating of the company, the shares have been on the rise. At one point a 4% increase was noticed, meaning that Trend Micro shares were selling at 3,630 yen. The share price eventually stabilized itself at 3,600 yen, representing a 3.2% increase.
As of last Friday, the 4th of July, the stock market has been closed. Trend Micro shareholders can only rejoice at the fact that the shares have reached the highest value since the 11th of April.
"Despite fears of a sluggish economy, we understand U.S. growth was in double digits. Even if IT spending is restricted, we doubt security spending will be," said Hideaki Tanaka, analyst with Mitsubishi UFJ Securities, as reported by Bloomberg.
Trend Micro was founded by Steve Chang in California, US, back in 1998. Steve Chang has since left the CEO position that he occupied and the company, with the headquarters based in Tokyo, Japan, is now run by Eva Chen. Trend Micro produces security software meant to protect against current Internet threats like viruses, malicious software, spyware, spam, and a multitude of other threats. Out of all Trend Micro products, PC-cillin is the most commonly known.
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