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

Trend Micro Inc. (OTCMKTS:TMICY)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $34.86, but opened at $36.96. Trend Micro shares last traded at $37.00, with a volume of 1,200 shares changing hands.

Wall Street Analysts Forecast Growth

TMICY has been the subject of several research analyst reports. Zacks Research raised shares of Trend Micro to a “strong sell” rating in a research report on Thursday, June 4th. Jefferies Financial Group upgraded Trend Micro from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Trend Micro presently has a consensus rating of “Moderate Buy”.

Trend Micro Trading Up 4.7%

The company’s 50 day moving average is $36.97 and its 200-day moving average is $37.46. The company has a market capitalization of $4.87 billion, a P/E ratio of 19.83 and a beta of 0.80.

Trend Micro (OTCMKTS:TMICY) last posted its quarterly earnings data on Thursday, May 14th. The technology company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.54 by $0.03. Trend Micro had a net margin of 13.23% and a return on equity of 30.36%. The business had revenue of $467.01 million for the quarter, compared to analyst estimates of $455.87 million. Analysts predict that Trend Micro Inc. will post 1.81 EPS for the current fiscal year.

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.