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

Trend Micro Inc. (OTCMKTS:TMICY) shares gapped up prior to trading on Monday . The stock had previously closed at $34.86, but opened at $36.96. Trend Micro shares last traded at $37.00, with a volume of 1,200 shares traded.

Analysts Set New Price Targets

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

Trend Micro Price Performance

The business’s 50 day moving average price is $36.97 and its 200 day moving average price is $37.46. The stock has a market capitalization of $4.87 billion, a P/E ratio of 19.83 and a beta of 0.80.

Trend Micro (OTCMKTS:TMICY) last issued its quarterly earnings data 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 company had revenue of $467.01 million for the quarter, compared to the consensus estimate of $455.87 million. Trend Micro had a net margin of 13.23% and a return on equity of 30.36%. As a group, analysts forecast that Trend Micro Inc. will post 1.81 earnings per share for the current fiscal 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.