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

Trend Micro Inc. (OTCMKTS:TMICY) shares gapped up prior to trading on Wednesday . The stock had previously closed at $35.86, but opened at $37.74. Trend Micro shares last traded at $37.74, with a volume of 12,623 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts have weighed in on TMICY shares. Jefferies Financial Group upgraded shares of Trend Micro from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 4th. Zacks Research upgraded shares of Trend Micro to a “strong sell” rating in a research report on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, Trend Micro presently has a consensus rating of “Moderate Buy”.

Trend Micro Stock Up 5.2%

The stock’s 50-day simple moving average is $36.64 and its two-hundred day simple moving average is $38.21. The company has a market capitalization of $4.93 billion, a price-to-earnings ratio of 20.07 and a beta of 0.80.

Trend Micro (OTCMKTS:TMICY) last posted its quarterly earnings data on Thursday, May 14th. The technology company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. Trend Micro had a net margin of 13.23% and a return on equity of 30.36%. The company had revenue of $467.01 million during the quarter, compared to analysts’ expectations of $455.87 million. On average, sell-side analysts forecast that Trend Micro Inc. will post 1.81 EPS 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.