Trend Micro (OTCMKTS:TMICY) Trading Up 6.5% – Still a Buy?

Trend Micro Inc. (OTCMKTS:TMICY) shares were up 6.5% during mid-day trading on Friday . The stock traded as high as $41.48 and last traded at $41.48. Approximately 550 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 41,191 shares. The stock had previously closed at $38.95.

Trend Micro Stock Performance

The company has a 50-day moving average of $35.79 and a 200-day moving average of $38.90. The firm has a market capitalization of $5.42 billion, a price-to-earnings ratio of 22.04 and a beta of 0.80.

Trend Micro (OTCMKTS:TMICY) last issued its quarterly earnings data 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 return on equity of 29.39% and a net margin of 13.23%.The business had revenue of $467.01 million during the quarter, compared to analyst estimates of $455.87 million.

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.