Trend Micro (OTCMKTS:TMICY) Reaches New 12-Month Low - What's Next?

Key Points

• Trend Micro's share price hit a new 52-week low at $49.66, closing at $50.70 with a trading volume of 5,435 shares.
• In its latest quarterly earnings, Trend Micro reported $0.29 EPS, missing expectations of $0.52, with revenue of $450.18 million against a forecast of $482.56 million.
• The company's financial metrics include a market capitalization of $7.08 billion and a PE ratio of 31.99.

Trend Micro Inc. (OTCMKTS:TMICY - Get Free Report)'s share price hit a new 52-week low during trading on Thursday . The stock traded as low as $49.66 and last traded at $50.70, with a volume of 5435 shares changing hands. The stock had previously closed at $50.85.

Trend Micro Trading Down 1.2%

The stock has a market capitalization of $7.08 billion, a PE ratio of 31.99 and a beta of 0.70. The company's 50-day moving average is $54.38 and its 200 day moving average is $63.89.

Trend Micro (OTCMKTS:TMICY - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The technology company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.23). Trend Micro had a net margin of 11.29% and a return on equity of 27.73%. The company had revenue of $450.18 million during the quarter, compared to analysts' expectations of $482.56 million. Sell-side analysts forecast that Trend Micro Inc. will post 1.94 EPS for the current fiscal year.

About Trend Micro

Trend Micro Incorporated develops and sells security-related software for computers and related services in Japan and internationally. The company offers platforms, such as vision one platform, attack surface management, extended detection and response (XDR), cloud security, endpoint security, network security, email security, OT/ICS security, and threat intelligence.

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