Trend Micro (OTCMKTS:TMICY) Stock Price Up 5.6% – Still a Buy?

Trend Micro Inc. (OTCMKTS:TMICY – Get Free Report)’s stock price rose 5.6% during mid-day trading on Tuesday. The stock traded as high as $43.10 and last traded at $43.10. Approximately 481 shares changed hands during trading, a decline of 98% from the average session volume of 27,505 shares. The stock had previously closed at $40.82.

Analyst Upgrades and Downgrades

TMICY has been the subject of several recent research reports. Jefferies Financial Group upgraded shares of Trend Micro from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 4th. Zacks Research lowered shares of Trend Micro from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 9th. One analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Trend Micro has an average rating of “Moderate Buy”.

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Trend Micro Stock Up 5.6%

The firm has a market cap of $5.63 billion, a price-to-earnings ratio of 24.49 and a beta of 0.79. The firm has a fifty day moving average price of $39.03 and a 200-day moving average price of $37.24.

Trend Micro (OTCMKTS:TMICY – Get Free Report) last released its earnings results on Thursday, August 13th. The technology company reported $0.17 EPS 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 28.58%. The business had revenue of $469.40 million during the quarter, compared to analyst estimates of $456.51 million. Equities research analysts anticipate that Trend Micro Inc. will post 1.41 earnings per share for the current fiscal year.

Trend Micro Company Profile

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Trend Micro Incorporated is a global cybersecurity company headquartered in Tokyo, Japan. Founded in 1988, the company develops security solutions designed to protect organizations, businesses and consumers from malware, ransomware, phishing, data breaches and other cyber threats.

Its product portfolio includes endpoint and server security, cloud and data-center protection, network defense, email security, identity and zero-trust solutions, and extended detection and response (XDR) capabilities.

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