Trend Micro (OTCMKTS:TMICY) Shares Gap Down - What's Next?

Trend Micro Inc. (OTCMKTS:TMICY - Get Free Report)'s stock price gapped down prior to trading on Thursday . The stock had previously closed at $67.29, but opened at $65.49. Trend Micro shares last traded at $66.99, with a volume of 290 shares traded.

Trend Micro Stock Up 1.8%

The firm has a market capitalization of $9.65 billion, a PE ratio of 42.27 and a beta of 0.71. The stock has a 50-day simple moving average of $72.14 and a 200-day simple moving average of $66.47.

Trend Micro (OTCMKTS:TMICY - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The technology company reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.08). Trend Micro had a return on equity of 29.92% and a net margin of 11.85%. The company had revenue of $465.43 million during the quarter, compared to analysts' expectations of $483.12 million. Equities analysts forecast that Trend Micro Inc. will post 1.94 earnings per share 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.