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

Shares of Trend Micro Inc. (OTCMKTS:TMICY) gapped up before the market opened on Thursday. The stock had previously closed at $42.82, but opened at $45.32. Trend Micro shares last traded at $46.50, with a volume of 2,303 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of Trend Micro from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Trend Micro currently has an average rating of “Moderate Buy”.

Trend Micro Stock Up 8.4%

The stock has a market cap of $6.07 billion, a P/E ratio of 26.38 and a beta of 0.80. The business has a 50 day moving average price of $40.25 and a two-hundred day moving average price of $38.58.

Trend Micro (OTCMKTS:TMICY) last issued 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 business had revenue of $469.40 million for the quarter, compared to the consensus estimate of $456.51 million. Trend Micro had a net margin of 12.30% and a return on equity of 28.58%. On average, research analysts forecast that Trend Micro Inc. will post 1.41 earnings per share for the current year.

Trend Micro Company Profile

Trend Micro Incorporated is a global cybersecurity company that develops security solutions for businesses, governments and individual consumers. Its products and services are designed to protect endpoints, servers, networks, email systems, cloud environments and connected devices from malware, ransomware, phishing and other cyber threats.

The company offers cloud and network security, endpoint protection, email security, data center security and extended detection and response (XDR) solutions.