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

Trend Micro Inc. (OTCMKTS:TMICY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $35.86, but opened at $37.74. Trend Micro shares last traded at $37.74, with a volume of 12,623 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Zacks Research raised shares of Trend Micro to a “strong sell” rating in a report on Thursday, June 4th. Jefferies Financial Group raised shares of Trend Micro from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Trend Micro has an average rating of “Moderate Buy”.

Trend Micro Price Performance

The stock has a market capitalization of $4.80 billion, a P/E ratio of 19.55 and a beta of 0.80. The stock has a fifty day moving average price of $36.79 and a 200 day moving average price of $38.03.

Trend Micro (OTCMKTS:TMICY) last issued its quarterly earnings data on Thursday, May 14th. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. The business had revenue of $467.01 million for the quarter, compared to analysts’ expectations of $455.87 million. Trend Micro had a return on equity of 30.36% and a net margin of 13.23%. Research analysts anticipate 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.