Trend Micro (OTCMKTS:TMICY) Shares Down 3.9% - Here's Why

Key Points

• Trend Micro Inc. shares fell by 3.9% during trading, closing at $50.18 after previously closing at $52.24, with a significantly reduced trading volume of approximately 105 shares.
• The company's latest earnings report revealed earnings per share of $0.29, which missed the consensus estimate of $0.52 by $0.23, alongside quarterly revenue of $450.18 million falling short of the expected $482.56 million.
• Trend Micro has a market capitalization of $7.36 billion, a P/E ratio of 33.25, and a 50-day moving average price of $55.47, indicating potential volatility in its market performance.

Trend Micro Inc. (OTCMKTS:TMICY - Get Free Report)'s share price dropped 3.9% during trading on Thursday . The company traded as low as $50.18 and last traded at $50.18. Approximately 105 shares changed hands during trading, a decline of 97% from the average daily volume of 3,086 shares. The stock had previously closed at $52.24.

Trend Micro Trading Down 0.1%

The stock has a market capitalization of $7.36 billion, a P/E ratio of 33.25 and a beta of 0.70. The business has a 50-day moving average price of $55.47 and a two-hundred day moving average price of $64.52.

Trend Micro (OTCMKTS:TMICY - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The technology company reported $0.29 earnings per share 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 the consensus estimate of $482.56 million. On average, sell-side analysts forecast 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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