Trend Micro (OTCMKTS:TMICY) Stock Price Up 7.1% – Time to Buy?

Trend Micro Inc. (OTCMKTS:TMICY)’s share price traded up 7.1% during trading on Friday . The stock traded as high as $38.0276 and last traded at $37.58. 8,823 shares were traded during trading, a decline of 70% from the average session volume of 29,760 shares. The stock had previously closed at $35.10.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Zacks Research raised shares of Trend Micro from a “strong sell” rating to a “hold” rating in a report on Friday, July 31st. Jefferies Financial Group upgraded shares of Trend Micro from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Trend Micro has a consensus rating of “Buy”.

Trend Micro Stock Performance

The company has a market capitalization of $4.91 billion, a P/E ratio of 21.37 and a beta of 0.80. The business’s fifty day simple moving average is $38.31 and its 200-day simple moving average is $36.64.

Trend Micro (OTCMKTS:TMICY) last announced its quarterly earnings results on Thursday, August 13th. The technology company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.23). The firm 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 27.93%. As a group, analysts forecast that Trend Micro Inc. will post 1.81 EPS 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.