Trend Micro (OTCMKTS:TMICY) Shares Gap Up – What’s Next?

Trend Micro Inc. (OTCMKTS:TMICY) shares gapped up prior to trading on Thursday . The stock had previously closed at $36.07, but opened at $37.06. Trend Micro shares last traded at $37.08, with a volume of 2,002 shares.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on TMICY shares. Zacks Research raised Trend Micro from a “strong sell” rating to a “hold” rating in a research report on Friday, July 31st. 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. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy”.

Trend Micro Price Performance

The stock’s fifty day simple moving average is $38.56 and its 200-day simple moving average is $36.63. The stock has a market cap of $4.84 billion, a P/E ratio of 21.02 and a beta of 0.79.

Trend Micro (OTCMKTS:TMICY) last posted its earnings results on Thursday, August 13th. The technology company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.23). The company had revenue of $469.40 million for the quarter, compared to the consensus estimate of $456.51 million. Trend Micro had a net margin of 12.30% and a return on equity of 27.93%. 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.