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

Trend Micro Inc. (OTCMKTS:TMICYGet Free Report)’s share price gapped up before the market opened on Monday . The stock had previously closed at $37.37, but opened at $39.8150. Trend Micro shares last traded at $39.8150, with a volume of 303 shares traded.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Jefferies Financial Group upgraded Trend Micro from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 4th. Zacks Research raised shares of Trend Micro to a “strong sell” rating in a report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Trend Micro currently has a consensus rating of “Moderate Buy”.

Get Our Latest Report on TMICY

Trend Micro Trading Up 3.3%

The stock’s 50-day moving average price is $38.15 and its two-hundred day moving average price is $36.84. The stock has a market capitalization of $5.18 billion, a P/E ratio of 21.09 and a beta of 0.81.

Trend Micro (OTCMKTS:TMICYGet Free Report) last posted its quarterly earnings results on Thursday, May 14th. The technology company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. Trend Micro had a net margin of 13.23% and a return on equity of 30.36%. The company had revenue of $467.01 million for the quarter, compared to analysts’ expectations of $455.87 million. On average, equities research analysts predict that Trend Micro Inc. will post 1.81 earnings per share for the current year.

About Trend Micro

(Get Free Report)

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.

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