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

Trend Micro Inc. (OTCMKTS:TMICY)’s share price gapped up prior to trading on Monday . The stock had previously closed at $37.60, but opened at $39.92. Trend Micro shares last traded at $39.92, with a volume of 341 shares.

Trend Micro Stock Up 6.4%

The firm has a market cap of $5.23 billion, a PE ratio of 21.28 and a beta of 0.80. The firm’s fifty day simple moving average is $35.25 and its two-hundred day simple moving average is $39.20.

Trend Micro (OTCMKTS:TMICY) last announced 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 firm had revenue of $467.01 million during the quarter, compared to analysts’ expectations of $455.87 million. Trend Micro had a net margin of 13.23% and a return on equity of 29.39%.

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.