Trend Micro (OTCMKTS:TMICY) Shares Up 5.6% – Should You Buy?

Shares of Trend Micro Inc. (OTCMKTS:TMICY) rose 5.6% on Tuesday. The company traded as high as $43.10 and last traded at $43.10. 481 shares were traded during trading, a decline of 98% from the average session volume of 27,505 shares. The stock had previously closed at $40.82.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on TMICY shares. Jefferies Financial Group upgraded shares of Trend Micro from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 4th. Zacks Research downgraded Trend Micro from a “hold” rating to a “strong sell” rating in a research 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 stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Trend Micro Stock Performance

The firm has a fifty day simple moving average of $39.16 and a 200 day simple moving average of $37.34. The company has a market cap of $5.46 billion, a PE ratio of 23.74 and a beta of 0.79.

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). The company had revenue of $469.40 million during the quarter, compared to analyst estimates of $456.51 million. Trend Micro had a return on equity of 28.58% and a net margin of 12.30%. As a group, equities analysts predict that Trend Micro Inc. will post 1.41 EPS for the current fiscal 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.