Trend Micro (OTCMKTS:TMICY) Stock Price Up 7.1% – Still a Buy?

Trend Micro Inc. (OTCMKTS:TMICY) shares rose 7.1% on Monday . The stock traded as high as $39.49 and last traded at $39.49. 1,507 shares were traded during trading, a decline of 95% from the average daily volume of 28,803 shares. The stock had previously closed at $36.86.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Jefferies Financial Group raised shares of Trend Micro from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 4th. Zacks Research lowered Trend Micro from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 9th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Trend Micro currently has an average rating of “Moderate Buy”.

Trend Micro Stock Performance

The stock’s 50-day simple moving average is $38.50 and its 200 day simple moving average is $36.64. The company has a market capitalization of $5.28 billion, a PE ratio of 22.97 and a beta of 0.79.

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 1.41 earnings per share for the current year.

About Trend Micro

Trend Micro Incorporated is a global cybersecurity company headquartered in Tokyo, Japan. Founded in 1988, the company develops security solutions designed to protect organizations, businesses and consumers from malware, ransomware, phishing, data breaches and other cyber threats.

Its product portfolio includes endpoint and server security, cloud and data-center protection, network defense, email security, identity and zero-trust solutions, and extended detection and response (XDR) capabilities.