Trend Micro (OTCMKTS:TMICY) Stock Price Up 10.6% – What’s Next?

Trend Micro Inc. (OTCMKTS:TMICY) shot up 10.6% during mid-day trading on Friday. The stock traded as high as $48.72 and last traded at $48.72. 799 shares traded hands during trading, a decline of 97% from the average daily volume of 26,805 shares. The stock had previously closed at $44.04.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut shares of 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 given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Trend Micro Stock Performance

The stock has a 50-day moving average price of $39.63 and a two-hundred day moving average price of $37.79. The stock has a market capitalization of $6.29 billion, a PE ratio of 27.36 and a beta of 0.80.

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

Trend Micro Company Profile

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.