Trend Micro (OTCMKTS:TMICY) Shares Up 7.8% - Should You Buy?

Key Points

• Trend Micro shares rose 7.8% to $46.14 in mid-day trading, although volume was 92% below the average session level.
• Analyst sentiment is mixed: Zacks Research downgraded the stock to “strong sell,” while the broader analyst consensus remains “Moderate Buy,” split between one Strong Buy and one Sell rating.
• The company’s latest quarterly results included EPS of $0.17, missing estimates of $0.40, while revenue of $469.4 million exceeded the $456.5 million consensus forecast.

Trend Micro Inc. (OTCMKTS:TMICY - Get Free Report) shares were up 7.8% during mid-day trading on Friday. The stock traded as high as $46.15 and last traded at $46.14. Approximately 2,007 shares traded hands during trading, a decline of 92% from the average session volume of 25,814 shares. The stock had previously closed at $42.82.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of Trend Micro from a "hold" rating to a "strong sell" rating in a research note on Wednesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Trend Micro has a consensus rating of "Moderate Buy".

Trend Micro Stock Down 0.6%

The firm's 50-day moving average price is $40.42 and its 200 day moving average price is $38.67. The firm has a market cap of $6.02 billion, a P/E ratio of 26.19 and a beta of 0.80.

Trend Micro (OTCMKTS:TMICY - Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The technology company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.23). Trend Micro had a return on equity of 28.58% and a net margin of 12.30%. The business had revenue of $469.40 million for the quarter, compared to analyst estimates of $456.51 million. On average, equities analysts predict that Trend Micro Inc. will post 1.41 earnings per share for the current year.

About Trend Micro

Trend Micro Incorporated is a global cybersecurity company that develops security solutions for businesses, governments and individual consumers. Its products and services are designed to protect endpoints, servers, networks, email systems, cloud environments and connected devices from malware, ransomware, phishing and other cyber threats.

The company offers cloud and network security, endpoint protection, email security, data center security and extended detection and response (XDR) solutions.

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