Trend Micro (OTCMKTS:TMICY) Trading Up 7.1% – Here’s Why

Trend Micro Inc. (OTCMKTS:TMICY) was up 7.1% on Monday . The stock traded as high as $39.49 and last traded at $39.49. Approximately 1,507 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 28,803 shares. The stock had previously closed at $36.86.

Analyst Upgrades and Downgrades

A number of analysts have commented on TMICY shares. Zacks Research downgraded Trend Micro from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 9th. Jefferies Financial Group upgraded Trend Micro from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Trend Micro Stock Up 1.1%

The firm’s fifty day simple moving average is $38.56 and its 200-day simple moving average is $36.76. The company has a market cap of $5.38 billion, a PE ratio of 23.38 and a beta of 0.79.

Trend Micro (OTCMKTS:TMICY) last issued its quarterly earnings data 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 27.93% and a net margin of 12.30%.The company had revenue of $469.40 million for the quarter, compared to analyst estimates of $456.51 million. On average, analysts predict 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 headquartered in Tokyo, Japan. Founded in 1988, the company develops security solutions designed to protect organizations, businesses and consumers from malware, ransomware, phishing, data breaches and other cyber threats.

Its product portfolio includes endpoint and server security, cloud and data-center protection, network defense, email security, identity and zero-trust solutions, and extended detection and response (XDR) capabilities.