Trend Micro (OTCMKTS:TMICY) Shares Gap Up – What’s Next?

Trend Micro Inc. (OTCMKTS:TMICY) gapped up before the market opened on Tuesday . The stock had previously closed at $33.28, but opened at $34.71. Trend Micro shares last traded at $34.6460, with a volume of 5,232 shares traded.

Analyst Ratings Changes

TMICY has been the subject of a number of research analyst reports. Zacks Research raised Trend Micro from a “strong sell” rating to a “hold” rating in a report on Friday, July 31st. Jefferies Financial Group raised shares of Trend Micro from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy”.

Trend Micro Price Performance

The company has a market cap of $4.50 billion, a price-to-earnings ratio of 19.58 and a beta of 0.80. The firm’s 50 day simple moving average is $38.67 and its 200-day simple moving average is $36.81.

Trend Micro (OTCMKTS:TMICY) last posted its earnings results on Thursday, August 13th. The technology company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.23). Trend Micro had a return on equity of 27.93% and a net margin of 12.30%.The firm had revenue of $469.40 million for the quarter, compared to analyst estimates of $456.51 million. On average, analysts forecast that Trend Micro Inc. will post 1.81 EPS for the current year.

About Trend Micro

Trend Micro Incorporated is a global cybersecurity company that develops software and services to protect data and networks from evolving digital threats. Headquartered in Tokyo, Japan, with additional offices in North America, Europe and Asia-Pacific, the company offers solutions designed to safeguard businesses, governments and individual users. Since its founding in 1988, Trend Micro has focused on leveraging advanced threat intelligence and machine learning to deliver proactive security measures.

The company’s product portfolio spans endpoint security, network defense, cloud security and threat intelligence services.