Trend Micro (OTCMKTS:TMICY) Shares Up 7.7% – Time to Buy?

Trend Micro Inc. (OTCMKTS:TMICY) shares shot up 7.7% during mid-day trading on Thursday . The stock traded as high as $40.35 and last traded at $40.35. 2,150 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 36,409 shares. The stock had previously closed at $37.46.

Analyst Upgrades and Downgrades

TMICY has been the subject of several recent research reports. Jefferies Financial Group raised Trend Micro from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 4th. Zacks Research raised Trend Micro to a “strong sell” rating in a research report on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Trend Micro presently has an average rating of “Moderate Buy”.

Trend Micro Stock Up 6.6%

The firm has a market cap of $5.20 billion, a price-to-earnings ratio of 21.15 and a beta of 0.81. The company’s fifty day moving average is $36.97 and its 200 day moving average is $37.33.

Trend Micro (OTCMKTS:TMICY) last issued its quarterly earnings results on Thursday, May 14th. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.03. Trend Micro had a net margin of 13.23% and a return on equity of 30.36%. The firm had revenue of $467.01 million for the quarter, compared to analyst estimates of $455.87 million. On average, equities research analysts forecast that Trend Micro Inc. will post 1.81 EPS for the current fiscal 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.