Trend Micro (OTCMKTS:TMICY) Shares Gap Up – Still a Buy?

Trend Micro Inc. (OTCMKTS:TMICY)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $34.5640, but opened at $35.6950. Trend Micro shares last traded at $34.90, with a volume of 344 shares traded.

Analyst Ratings Changes

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

Trend Micro Stock Performance

The company’s fifty day simple moving average is $38.40 and its 200-day simple moving average is $36.68. The company has a market capitalization of $4.66 billion, a P/E ratio of 20.27 and a beta of 0.80.

Trend Micro (OTCMKTS:TMICY) last posted its quarterly earnings results 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 net margin of 12.30% and a return on equity of 27.93%. The business had revenue of $469.40 million during the quarter, compared to the consensus estimate of $456.51 million. On average, sell-side analysts predict 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.