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

Key Points

• Trend Micro Inc. shares jumped from a closing price of $53.73 to an opening price of $55.77 on Monday, trading at $54.59 with a volume of 1,534 shares.
• The company reported a quarterly EPS of $0.29, missing analysts' estimates of $0.52, and generated revenue of $450.18 million against an expectation of $482.56 million.
• Trend Micro has a market cap of $7.69 billion and a price-to-earnings ratio of 34.75, indicating its valuation in the technology sector.

Trend Micro Inc. (OTCMKTS:TMICY - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $53.73, but opened at $55.77. Trend Micro shares last traded at $54.59, with a volume of 1,534 shares changing hands.

Trend Micro Trading Up 1.5%

The firm has a market cap of $7.69 billion, a price-to-earnings ratio of 34.75 and a beta of 0.70. The stock has a fifty day moving average price of $63.62 and a 200 day moving average price of $68.06.

Trend Micro (OTCMKTS:TMICY - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The technology company reported $0.29 EPS 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 analyst estimates of $482.56 million. Trend Micro had a net margin of 11.29% and a return on equity of 27.73%. On average, sell-side analysts forecast that Trend Micro Inc. will post 1.94 EPS for the current 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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