Trend Micro (OTCMKTS:TMICY) Shares Gap Up - Time to Buy?

Trend Micro Inc. (OTCMKTS:TMICY - Get Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $32.21, but opened at $34.4450. Trend Micro shares last traded at $33.77, with a volume of 13,968 shares trading hands.Trend Micro Stock PerformanceMarketBeat ‘Stock of the Week’: Is Gen Digital Undervalued?The business's 50 day moving average price is $35.74 and its 200-day moving average price is $44.14. The firm has a market capitalization of $4.43 billion, a PE ratio of 19.38 and a beta of 0.79. Trend Micro (OTCMKTS:TMICY - Get Free Report) last posted its quarterly earnings data on Wednesday, February 18th. The technology company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.05. The firm had revenue of $476.13 million during the quarter, compared to analysts' expectations of $456.96 million. Trend Micro had a net margin of 12.51% and a return on equity of 28.76%. As a group, analysts anticipate that Trend Micro Inc. will post 1.94 earnings per share for the current year. Trend Micro Company Profile (Get Free Report)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.Read MoreFive stocks we like better than Trend MicroThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Trend Micro Right Now?Before you consider Trend Micro, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Trend Micro wasn't on the list.While Trend Micro currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here