Trend Micro (OTCMKTS:TMICY) Shares Gap Down – Should You Sell?

Shares of Trend Micro Inc. (OTCMKTS:TMICY) gapped down prior to trading on Friday . The stock had previously closed at $35.33, but opened at $34.16. Trend Micro shares last traded at $34.16, with a volume of 303 shares.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on TMICY shares. Zacks Research upgraded Trend Micro from a “strong sell” rating to a “hold” rating in a research note on Friday, July 31st. Jefferies Financial Group upgraded Trend Micro from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Trend Micro currently has an average rating of “Buy”.

Trend Micro Price Performance

The business’s 50-day moving average price is $38.46 and its two-hundred day moving average price is $36.71. The firm has a market cap of $4.49 billion, a price-to-earnings ratio of 19.52 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 earnings per share (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 company had revenue of $469.40 million during the quarter, compared to analyst estimates of $456.51 million. Equities analysts predict that Trend Micro Inc. will post 1.81 earnings per share 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.