Trend Micro (OTCMKTS:TMICY) Shares Gap Down – Should You Sell?

Shares of Trend Micro Inc. (OTCMKTS:TMICY) gapped down before the market opened on Friday . The stock had previously closed at $35.33, but opened at $34.16. Trend Micro shares last traded at $34.16, with a volume of 303 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Zacks Research upgraded Trend Micro from a “strong sell” rating to a “hold” rating in a research note on Friday, July 31st. Jefferies Financial Group upgraded 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 Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy”.

Trend Micro Stock Performance

The firm has a market capitalization of $4.49 billion, a PE ratio of 19.52 and a beta of 0.80. The firm has a fifty day moving average of $38.46 and a 200 day moving average of $36.71.

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