Trend Micro (OTCMKTS:TMICY) Shares Gap Up – Should You Buy?

Trend Micro Inc. (OTCMKTS:TMICY)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $36.07, but opened at $37.06. Trend Micro shares last traded at $37.08, with a volume of 2,002 shares changing hands.

Analysts Set New Price Targets

TMICY has been the subject of a number of 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 Trend Micro from a “strong sell” rating to a “hold” rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Trend Micro presently has an average rating of “Buy”.

Trend Micro Stock Up 2.6%

The firm has a market capitalization of $4.84 billion, a P/E ratio of 21.02 and a beta of 0.79. The business’s 50 day moving average is $38.56 and its two-hundred day moving average is $36.63.

Trend Micro (OTCMKTS:TMICY) last announced its earnings results on Thursday, August 13th. The technology company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $456.51 million. As a group, equities analysts anticipate that Trend Micro Inc. will post 1.81 earnings per share for the current fiscal year.

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.