Trend Micro (OTCMKTS:TMICY) Shares Gap Down - Here's What Happened

Key Points

• Trend Micro Inc. shares opened at $53.17, down from a previous close of $54.79, with a trading volume of 634 shares.
• The company's latest earnings report revealed a miss in earnings per share at $0.29, significantly below the expected $0.52, alongside revenue of $450.18 million, which also fell short of projections.
• Trend Micro has a market capitalization of $7.49 billion and a current PE ratio of 33.86, indicating volatility with a beta of 0.69.

Trend Micro Inc. (OTCMKTS:TMICY - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $54.79, but opened at $53.17. Trend Micro shares last traded at $53.17, with a volume of 634 shares traded.

Trend Micro Price Performance

The company has a 50-day moving average of $56.75 and a two-hundred day moving average of $65.15. The stock has a market capitalization of $7.49 billion, a PE ratio of 33.86 and a beta of 0.69.

Trend Micro (OTCMKTS:TMICY - Get Free Report) last released its earnings results 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 business had revenue of $450.18 million for the quarter, compared to analysts' expectations of $482.56 million. On average, research 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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