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

Trend Micro Inc. (OTCMKTS:TMICY)’s share price 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 traded.

Analyst Upgrades and Downgrades

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

Trend Micro Stock Performance

The stock’s 50-day simple moving average is $38.67 and its 200 day simple moving average is $36.81. The company has a market capitalization of $4.50 billion, a PE ratio of 19.58 and a beta of 0.80.

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