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

Shares of Trend Micro Inc. (OTCMKTS:TMICY) gapped up before the market opened on Monday . The stock had previously closed at $34.5640, but opened at $35.6950. Trend Micro shares last traded at $34.90, with a volume of 344 shares traded.

Wall Street Analysts Forecast Growth

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

Trend Micro Stock Down 0.9%

The company has a market capitalization of $4.55 billion, a price-to-earnings ratio of 19.78 and a beta of 0.80. The business has a 50-day moving average price of $38.35 and a 200-day moving average price of $36.64.

Trend Micro (OTCMKTS:TMICY) last announced 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 return on equity of 27.93% and a net margin of 12.30%.The firm had revenue of $469.40 million during the quarter, compared to analyst estimates of $456.51 million. As a group, sell-side analysts predict that Trend Micro Inc. will post 1.81 EPS for the current 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.