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

Shares of Trend Micro Inc. (OTCMKTS:TMICY) gapped up prior to trading on Friday . The stock had previously closed at $38.32, but opened at $40.17. Trend Micro shares last traded at $40.18, with a volume of 1,511 shares trading hands.

Analyst Ratings Changes

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

Trend Micro Stock Performance

The stock has a market capitalization of $5.18 billion, a price-to-earnings ratio of 21.09 and a beta of 0.81. The company has a fifty day simple moving average of $37.77 and a two-hundred day simple moving average of $36.96.

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