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

Shares of Trend Micro Inc. (OTCMKTS:TMICY) gapped up before the market opened on Tuesday . The stock had previously closed at $33.28, but opened at $34.71. Trend Micro shares last traded at $34.6460, with a volume of 5,232 shares changing hands.

Analyst Ratings Changes

Several brokerages recently weighed in on TMICY. Zacks Research upgraded Trend Micro from a “strong sell” rating to a “hold” rating in a research report on Friday, July 31st. Jefferies Financial Group upgraded Trend Micro from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Trend Micro has a consensus rating of “Buy”.

Trend Micro Stock Up 1.9%

The company has a market cap of $4.62 billion, a PE ratio of 20.07 and a beta of 0.80. The business has a 50-day simple moving average of $38.53 and a 200-day simple moving average of $36.74.

Trend Micro (OTCMKTS:TMICY) last released its quarterly earnings results on Thursday, August 13th. The technology company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.23). Trend Micro had a return on equity of 27.93% and a net margin of 12.30%.The firm had revenue of $469.40 million for the quarter, compared to analysts’ expectations of $456.51 million. As a group, equities research analysts predict that Trend Micro Inc. will post 1.81 EPS 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.