Trend Micro (OTCMKTS:TMICY) Shares Gap Down - Time to Sell?

Key Points

• Trend Micro shares opened at $54.51 after gapping down from a previous close of $57.30, reflecting a decline of 4.9%.
• The company's latest earnings report revealed a miss on analysts' expectations, with earnings per share of $0.29 against a forecast of $0.52.
• Trend Micro has a market capitalization of $7.68 billion and is focused on developing and selling security-related software both in Japan and internationally.

Shares of Trend Micro Inc. (OTCMKTS:TMICY - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $57.30, but opened at $54.51. Trend Micro shares last traded at $54.51, with a volume of 5,273 shares trading hands.

Trend Micro Trading Down 4.9%

The firm has a market capitalization of $7.68 billion, a PE ratio of 34.72 and a beta of 0.69. The business's 50 day simple moving average is $57.67 and its two-hundred day simple moving average is $65.56.

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