Trend Micro (OTCMKTS:TMICY) Shares Gap Up – Here’s What Happened

Trend Micro Inc. (OTCMKTS:TMICY)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $37.18, but opened at $38.9050. Trend Micro shares last traded at $38.8520, with a volume of 1,093 shares.

Analysts Set New Price Targets

TMICY has been the subject of a number of recent analyst reports. Zacks Research upgraded Trend Micro from a “strong sell” rating to a “hold” rating in a report on Friday, July 31st. Jefferies Financial Group upgraded Trend Micro from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Trend Micro currently has a consensus rating of “Buy”.

Trend Micro Trading Up 4.5%

The firm’s fifty day moving average price is $38.50 and its 200-day moving average price is $36.62. The company has a market cap of $5.08 billion, a price-to-earnings ratio of 22.08 and a beta of 0.79.

Trend Micro (OTCMKTS:TMICY) last issued its quarterly earnings data on Thursday, August 13th. The technology company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.23). Trend Micro had a return on equity of 27.93% and a net margin of 12.30%.The business had revenue of $469.40 million for the quarter, compared to analyst estimates of $456.51 million. As a group, research analysts anticipate that Trend Micro Inc. will post 1.81 EPS for the current year.

Trend Micro Company Profile

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.