Trend Micro (OTCMKTS:TMICY) Sees Unusually-High Trading Volume - Still a Buy?

Key Points

• Trend Micro Inc. experienced a significant increase in trading volume, with approximately 5,801 shares traded, marking a 112% rise from the previous session.
• The company's stock is currently priced at $53.59, which is down 0.9% from the prior close, and it reported a less-than-expected earnings per share of $0.29 compared to the consensus estimate of $0.52.
• With a market cap of $7.44 billion and a P/E ratio of 33.65, Trend Micro is anticipating earnings per share of 1.94 for the current fiscal year, reflecting mixed expectations among analysts.

Shares of Trend Micro Inc. (OTCMKTS:TMICY - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 5,801 shares changed hands during trading, an increase of 112% from the previous session's volume of 2,738 shares.The stock last traded at $53.59 and had previously closed at $53.31.

Trend Micro Stock Down 0.9%

The stock has a market cap of $7.44 billion, a P/E ratio of 33.65 and a beta of 0.69. The business has a 50 day moving average price of $61.03 and a 200 day moving average price of $67.50.

Trend Micro (OTCMKTS:TMICY - Get Free Report) last released its earnings results on Thursday, August 7th. The technology company reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.23). The business had revenue of $450.18 million for the quarter, compared to the consensus estimate of $482.56 million. Trend Micro had a net margin of 11.29% and a return on equity of 27.73%. On average, 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.

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