Trend Micro (OTCMKTS:TMICY) Shares Gap Down – Here’s Why

Trend Micro Inc. (OTCMKTS:TMICY)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $35.45, but opened at $34.36. Trend Micro shares last traded at $35.03, with a volume of 30,791 shares.

Trend Micro Price Performance

The firm has a market capitalization of $4.84 billion, a price-to-earnings ratio of 19.62 and a beta of 0.79. The stock has a fifty day moving average of $38.02 and a two-hundred day moving average of $46.22.

Trend Micro (OTCMKTS:TMICY) last announced its earnings results on Wednesday, February 18th. The technology company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.32 by $0.05. Trend Micro had a return on equity of 29.70% and a net margin of 12.51%.The firm had revenue of $476.13 million for the quarter, compared to the consensus estimate of $456.96 million. On average, research analysts forecast that Trend Micro Inc. will post 1.94 EPS for the current year.

About Trend Micro

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.