Trend Micro (OTCMKTS:TMICY) Shares Up 7.1% – Still a Buy?

Shares of Trend Micro Inc. (OTCMKTS:TMICY) shot up 7.1% on Monday . The stock traded as high as $39.49 and last traded at $39.49. Approximately 1,507 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 28,803 shares. The stock had previously closed at $36.86.

Analysts Set New Price Targets

TMICY has been the subject of a number of research reports. Zacks Research cut shares of Trend Micro from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 9th. Jefferies Financial Group upgraded Trend Micro from a “hold” rating to a “strong-buy” 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 stock. According to data from MarketBeat, Trend Micro presently has a consensus rating of “Moderate Buy”.

Trend Micro Stock Up 7.3%

The firm has a market cap of $5.28 billion, a PE ratio of 22.97 and a beta of 0.79. The company’s fifty day moving average price is $38.50 and its two-hundred day moving average price is $36.64.

Trend Micro (OTCMKTS:TMICY) last posted its quarterly earnings results on Thursday, August 13th. The technology company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.23). The firm had revenue of $469.40 million for the quarter, compared to analysts’ expectations of $456.51 million. Trend Micro had a return on equity of 27.93% and a net margin of 12.30%. As a group, analysts predict that Trend Micro Inc. will post 1.41 earnings per share for the current year.

Trend Micro Company Profile

Trend Micro Incorporated is a global cybersecurity company headquartered in Tokyo, Japan. Founded in 1988, the company develops security solutions designed to protect organizations, businesses and consumers from malware, ransomware, phishing, data breaches and other cyber threats.

Its product portfolio includes endpoint and server security, cloud and data-center protection, network defense, email security, identity and zero-trust solutions, and extended detection and response (XDR) capabilities.