Trend Micro (OTCMKTS:TMICY) Shares Gap Up – Time to Buy?

Shares of Trend Micro Inc. (OTCMKTS:TMICY) gapped up before the market opened on Monday . The stock had previously closed at $35.18, but opened at $37.29. Trend Micro shares last traded at $37.29, with a volume of 952 shares changing hands.

Trend Micro Trading Up 6.3%

The company has a market capitalization of $4.89 billion, a price-to-earnings ratio of 19.90 and a beta of 0.77. The firm has a 50-day moving average price of $34.39 and a 200-day moving average price of $40.09.

Trend Micro (OTCMKTS:TMICY) last issued its quarterly earnings results on Thursday, May 14th. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.03. Trend Micro had a return on equity of 29.39% and a net margin of 13.23%.The company had revenue of $467.01 million for the quarter, compared to analysts’ expectations of $455.87 million.

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.