Trend Micro (OTCMKTS:TMICY) Sees Unusually-High Trading Volume - Here's Why

Key Points

• Trend Micro Inc. experienced an uptick in trading volume on Monday, with 2,320 shares changing hands, although this marks an 8% decline from the previous session.
• The company's recent quarterly earnings results showed an EPS of $0.44, falling short of the consensus estimate of $0.52, alongside revenue of $465.43 million which was below the expected $483.12 million.
• Trend Micro has a market capitalization of $8.76 billion, a price-to-earnings ratio of 38.37, and its last traded stock price stood at $61.98.

Trend Micro Inc. (OTCMKTS:TMICY - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 2,320 shares changed hands during trading, a decline of 8% from the previous session's volume of 2,523 shares.The stock last traded at $61.98 and had previously closed at $61.47.

Trend Micro Price Performance

The firm has a market capitalization of $7.96 billion, a price-to-earnings ratio of 34.88 and a beta of 0.70. The stock has a 50 day moving average price of $68.15 and a two-hundred day moving average price of $68.18.

Trend Micro (OTCMKTS:TMICY - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The technology company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.08). Trend Micro had a net margin of 11.85% and a return on equity of 29.92%. The business had revenue of $465.43 million during the quarter, compared to analysts' expectations of $483.12 million. As a group, research analysts expect that Trend Micro Inc. will post 1.94 earnings per share for the current fiscal year.

Trend Micro Company Profile

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.