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

Shares of Trend Micro Inc. (OTCMKTS:TMICY) gapped up prior to trading on Thursday. The stock had previously closed at $44.05, but opened at $46.88. Trend Micro shares last traded at $46.88, with a volume of 8,401 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research cut Trend Micro from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 9th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Trend Micro Stock Up 6.4%

The business’s 50 day simple moving average is $39.55 and its two-hundred day simple moving average is $37.70. The stock has a market cap of $6.13 billion, a P/E ratio of 26.64 and a beta of 0.80.

Trend Micro (OTCMKTS:TMICY) last announced its quarterly earnings results on Thursday, August 13th. The technology company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.23). Trend Micro had a net margin of 12.30% and a return on equity of 28.58%. The firm had revenue of $469.40 million during the quarter, compared to the consensus estimate of $456.51 million. As a group, research analysts forecast that Trend Micro Inc. will post 1.41 earnings per share for the current fiscal year.

About Trend Micro

Trend Micro Incorporated is a global cybersecurity company that develops security software and services for businesses, government organizations, small and medium-sized enterprises, and individual consumers. Its offerings are designed to protect endpoints, servers, networks, cloud environments, email systems, and other connected devices from malware, ransomware, phishing, data breaches, and other cyber threats.

The company provides cloud and hybrid-cloud security, endpoint and network defense, email security, identity protection, and extended detection and response (XDR) capabilities.