Trend Micro (OTCMKTS:TMICY) Stock Jumps 10.6% – Time to Buy?

Shares of Trend Micro Inc. (OTCMKTS:TMICY) were up 10.6% on Friday. The stock traded as high as $48.72 and last traded at $48.72. 799 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 26,805 shares. The stock had previously closed at $44.04.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded Trend Micro from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Trend Micro Stock Performance

The stock has a market capitalization of $6.29 billion, a P/E ratio of 27.36 and a beta of 0.80. The firm has a fifty day moving average price of $39.63 and a two-hundred day moving average price of $37.79.

Trend Micro (OTCMKTS:TMICY) last posted its quarterly earnings data on Thursday, August 13th. The technology company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.23). Trend Micro had a net margin of 12.30% and a return on equity of 28.58%. The firm had revenue of $469.40 million for the quarter, compared to analysts’ expectations of $456.51 million. On average, research analysts anticipate that Trend Micro Inc. will post 1.41 earnings per share for the current fiscal year.

Trend Micro Company Profile

Trend Micro Incorporated is a global cybersecurity company that develops security software and services for businesses, government organizations, small and medium-sized enterprises, and individual consumers. Its offerings are designed to protect endpoints, servers, networks, cloud environments, email systems, and other connected devices from malware, ransomware, phishing, data breaches, and other cyber threats.

The company provides cloud and hybrid-cloud security, endpoint and network defense, email security, identity protection, and extended detection and response (XDR) capabilities.