Trend Micro (OTCMKTS:TMICY) Shares Gap Up - Still a Buy?

Key Points

• Trend Micro Inc. shares opened at $52.77 after closing at $50.56, indicating a positive market reaction, with shares last trading at $53.04.
• The company's recent earnings report revealed a missed consensus estimate for earnings per share, posting $0.29 compared to the expected $0.52, with revenue also falling short at $450.18 million.
• Trend Micro has a market capitalization of $7.48 billion and is noted for offering a wide range of security software solutions both domestically and internationally.

Trend Micro Inc. (OTCMKTS:TMICY - Get Free Report)'s stock price gapped up before the market opened on Friday . The stock had previously closed at $50.56, but opened at $52.77. Trend Micro shares last traded at $53.04, with a volume of 695 shares changing hands.

Trend Micro Stock Performance

The company has a 50-day simple moving average of $56.25 and a two-hundred day simple moving average of $64.95. The firm has a market capitalization of $7.48 billion, a P/E ratio of 33.79 and a beta of 0.70.

Trend Micro (OTCMKTS:TMICY - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $450.18 million for the quarter, compared to the consensus estimate of $482.56 million. Trend Micro had a net margin of 11.29% and a return on equity of 27.73%. As a group, research analysts forecast that Trend Micro Inc. will post 1.94 earnings per share for the current fiscal 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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