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

Trend Micro Inc. (OTCMKTS:TMICY)’s share price gapped up before the market opened on Friday . The stock had previously closed at $37.18, but opened at $38.9050. Trend Micro shares last traded at $38.8520, with a volume of 1,093 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Zacks Research raised Trend Micro from a “strong sell” rating to a “hold” rating in a research report on Friday, July 31st. Jefferies Financial Group raised 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 given a Hold rating to the company’s stock. According to MarketBeat.com, Trend Micro currently has a consensus rating of “Buy”.

Trend Micro Trading Up 4.5%

The company has a market cap of $5.08 billion, a price-to-earnings ratio of 22.08 and a beta of 0.79. The firm’s 50-day moving average price is $38.50 and its 200 day moving average price is $36.62.

Trend Micro (OTCMKTS:TMICY) last announced its quarterly earnings data on Thursday, August 13th. The technology company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.23). Trend Micro had a net margin of 12.30% and a return on equity of 27.93%. The company had revenue of $469.40 million for the quarter, compared to analyst estimates of $456.51 million. Analysts forecast that Trend Micro Inc. will post 1.81 earnings per share for the current fiscal year.

Trend Micro Company Profile

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.