Trend Micro (OTCMKTS:TMICY) Sets New 52-Week Low - Here's What Happened

Key Points

• Trend Micro's stock hit a new 52-week low at $50.42 during trading, closing at $50.55 after a previous close of $53.48.
• The company's recent quarterly earnings significantly missed expectations, reporting $0.29 per share against an anticipated $0.52, with revenues at $450.18 million versus expectations of $482.56 million.
• Trend Micro has a market capitalization of $7.12 billion and a PE ratio of 32.20, indicating a relatively high valuation compared to its current earnings performance.

Trend Micro Inc. (OTCMKTS:TMICY - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $50.42 and last traded at $50.55, with a volume of 1456 shares traded. The stock had previously closed at $53.48.

Trend Micro Price Performance

The company has a fifty day moving average of $56.52 and a 200-day moving average of $65.07. The firm has a market capitalization of $7.12 billion, a PE ratio of 32.20 and a beta of 0.70.

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