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

Trend Micro Inc. (OTCMKTS:TMICY)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $35.86, but opened at $37.74. Trend Micro shares last traded at $37.74, with a volume of 12,623 shares.

Analyst Ratings Changes

Several research firms recently issued reports on TMICY. Jefferies Financial Group upgraded shares of Trend Micro from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 4th. Zacks Research upgraded shares of Trend Micro to a “strong sell” rating in a research report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Trend Micro Stock Up 5.2%

The stock has a market capitalization of $4.93 billion, a price-to-earnings ratio of 20.07 and a beta of 0.80. The company’s 50-day moving average is $36.64 and its 200-day moving average is $38.21.

Trend Micro (OTCMKTS:TMICY) last released its quarterly earnings data on Thursday, May 14th. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $455.87 million. Sell-side analysts anticipate 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.