Trend Micro (OTCMKTS:TMICY) Trading Up 7.7% – Should You Buy?

Shares of Trend Micro Inc. (OTCMKTS:TMICY) traded up 7.7% on Thursday . The stock traded as high as $40.35 and last traded at $40.35. 2,150 shares were traded during trading, a decline of 94% from the average session volume of 36,409 shares. The stock had previously closed at $37.46.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on TMICY shares. Jefferies Financial Group raised shares of Trend Micro from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 4th. Zacks Research upgraded shares of Trend Micro to a “strong sell” rating in a research note on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Trend Micro Stock Performance

The stock has a market capitalization of $5.07 billion, a P/E ratio of 20.62 and a beta of 0.81. The stock has a 50 day moving average of $37.04 and a 200 day moving average of $37.32.

Trend Micro (OTCMKTS:TMICY) last issued its earnings results on Thursday, May 14th. The technology company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.03. The firm had revenue of $467.01 million for the quarter, compared to analyst estimates of $455.87 million. Trend Micro had a return on equity of 30.36% and a net margin of 13.23%. On average, research analysts anticipate that Trend Micro Inc. will post 1.81 EPS 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.