Trend Micro (OTCMKTS:TMICY) Shares Gap Up – Here’s Why

Shares of Trend Micro Inc. (OTCMKTS:TMICY) gapped up prior to trading on Monday . The stock had previously closed at $37.37, but opened at $39.8150. Trend Micro shares last traded at $39.8150, with a volume of 303 shares trading hands.

Analyst Ratings Changes

A number of brokerages have weighed in on TMICY. Zacks Research upgraded Trend Micro to a “strong sell” rating in a research report on Thursday, June 4th. 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 equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Trend Micro presently has an average rating of “Moderate Buy”.

Trend Micro Stock Up 1.4%

The company has a market cap of $5.25 billion, a price-to-earnings ratio of 21.37 and a beta of 0.81. The company’s fifty day moving average price is $38.23 and its two-hundred day moving average price is $36.82.

Trend Micro (OTCMKTS:TMICY) last announced its earnings results on Thursday, May 14th. The technology company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.54 by $0.03. The business had revenue of $467.01 million for the quarter, compared to the consensus estimate of $455.87 million. Trend Micro had a return on equity of 30.36% and a net margin of 13.23%. Research analysts forecast that Trend Micro Inc. will post 1.81 earnings per share 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.