Trend Micro (OTCMKTS:TMICY) Shares Gap Down - Should You Sell?

Key Points

• Shares gapped down — Trend Micro opened at $32.7950 after closing at $34.60 and was last at $33.34, down about 2.5% on light volume (850 shares).
• Quarterly beat — Trend Micro reported $0.37 EPS versus $0.32 expected and revenue of $476.13M vs. $456.96M, with strong profitability (ROE 28.76%, net margin 12.51%) and analysts forecasting ~1.94 EPS for the year.
• Valuation and technicals: market cap is $4.41B with a P/E of 19.27 and beta 0.77, while the 50-day moving average ($34.97) sits well below the 200-day ($43.24), signaling recent weakness.

Trend Micro Inc. (OTCMKTS:TMICY - Get Free Report) shares gapped down before the market opened on Thursday . The stock had previously closed at $34.60, but opened at $32.7950. Trend Micro shares last traded at $33.34, with a volume of 850 shares changing hands.

Trend Micro Stock Down 2.5%

The firm has a market cap of $4.41 billion, a price-to-earnings ratio of 19.27 and a beta of 0.77. The business has a 50 day moving average of $34.97 and a 200 day moving average of $43.24.

Trend Micro (OTCMKTS:TMICY - Get Free Report) last posted its quarterly earnings data on Wednesday, February 18th. The technology company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.05. The business had revenue of $476.13 million for the quarter, compared to analyst estimates of $456.96 million. Trend Micro had a return on equity of 28.76% and a net margin of 12.51%. Research analysts predict that Trend Micro Inc. will post 1.94 earnings per share for the current year.

Trend Micro Company Profile

Trend Micro Incorporated is a global cybersecurity company that develops software and services to protect data and networks from evolving digital threats. Headquartered in Tokyo, Japan, with additional offices in North America, Europe and Asia-Pacific, the company offers solutions designed to safeguard businesses, governments and individual users. Since its founding in 1988, Trend Micro has focused on leveraging advanced threat intelligence and machine learning to deliver proactive security measures.

The company's product portfolio spans endpoint security, network defense, cloud security and threat intelligence services.

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