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

Trend Micro Inc. (OTCMKTS:TMICY)’s stock price gapped up prior to trading on Thursday. The stock had previously closed at $42.82, but opened at $45.32. Trend Micro shares last traded at $46.50, with a volume of 2,303 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of Trend Micro from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Trend Micro Price Performance

The firm has a market capitalization of $6.16 billion, a P/E ratio of 26.78 and a beta of 0.80. The firm’s fifty day moving average price is $40.64 and its 200-day moving average price is $38.73.

Trend Micro (OTCMKTS:TMICY) last issued 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 firm had revenue of $469.40 million during 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 28.58%. Analysts expect that Trend Micro Inc. will post 1.41 earnings per share for the current year.

About Trend Micro

Trend Micro Incorporated is a global cybersecurity company that develops security solutions for businesses, governments and individual consumers. Its products and services are designed to protect endpoints, servers, networks, email systems, cloud environments and connected devices from malware, ransomware, phishing and other cyber threats.

The company offers cloud and network security, endpoint protection, email security, data center security and extended detection and response (XDR) solutions.