Trend Micro is exploring a possible sale. This move is a reaction to the interest in a buyout of several parties. Poor stock market performance is said to have caused the Japanese cybersecurity specialist to consider a takeover.
Trend Micro is currently exploring a possible sale, reports Reuters based on anonymous sources. The Japanese cybersecurity specialist is said to have engaged investment banks to assist in the possible sale.
Interested parties in Trend Micro may be private investment companies. The cybersecurity specialist’s market value is estimated at about 5.9 billion euros or 950 billion Japanese yen.
Lower performance
The company recently became the subject of potential buyers because of its shares’ weaker performance in comparison with Japanese competitors. The value of these shares is said to have declined ten percent since the beginning of the year. In addition, the lower exchange rate of the Japanese yen would also play a role.
An acquisition would be welcome so that Trend Micro could improve its profitability, especially compared to U.S. competitors such as CrowdStrike, Microsoft, and Palo Alto Networks. Trend Micro especially wants to gain market share on CrowdStrike, especially after the big mistake made by the security specialist early this month.
Recently, Trend Micro presented good quarterly figures. In the second quarter, the security specialist recorded thirteen percent more sales than in the same period in 2023, worth a total of 68.6 million Japanese yen.
Positive reception
Whether an acquisition deal will actually happen is obviously not certain. Trend Micro itself responded to the takeover rumors by stating that the company remains focused on protecting its customers. The stock market did react positively to a possible acquisition.
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