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

Trend Micro Inc. (OTCMKTS:TMICY) shares gapped up prior to trading on Friday . The stock had previously closed at $38.32, but opened at $40.17. Trend Micro shares last traded at $40.18, with a volume of 1,511 shares changing hands.

Analyst Ratings Changes

A number of research firms have commented on TMICY. Zacks Research raised shares of Trend Micro to a “strong sell” rating in a research 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 issued a Sell rating to the company. According to MarketBeat.com, Trend Micro currently has a consensus rating of “Moderate Buy”.

Trend Micro Stock Up 0.1%

The business has a fifty day moving average price of $37.77 and a 200-day moving average price of $36.96. The company has a market cap of $5.18 billion, a P/E ratio of 21.09 and a beta of 0.81.

Trend Micro (OTCMKTS:TMICY) last announced its earnings results on Thursday, May 14th. The technology company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. The company had revenue of $467.01 million for the quarter, compared to analyst estimates of $455.87 million. Trend Micro had a return on equity of 30.36% and a net margin of 13.23%. As a group, research analysts expect that Trend Micro Inc. will post 1.81 earnings per share for the current 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.