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

Trend Micro Inc. (OTCMKTS:TMICY) gapped up before the market opened on Monday . The stock had previously closed at $33.49, but opened at $34.92. Trend Micro shares last traded at $35.2650, with a volume of 4,271 shares.

Trend Micro Stock Down 1.4%

The business’s 50 day simple moving average is $38.16 and its 200 day simple moving average is $46.30. The company has a market capitalization of $4.93 billion, a PE ratio of 19.98 and a beta of 0.79.

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

Trend Micro Company Profile

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.