Trend Micro (OTCMKTS:TMICY) Shares Gap Down – What’s Next?

Shares of Trend Micro Inc. (OTCMKTS:TMICY) gapped down before the market opened on Wednesday . The stock had previously closed at $35.54, but opened at $32.9595. Trend Micro shares last traded at $32.30, with a volume of 11,131 shares changing hands.

Trend Micro Trading Down 0.1%

The firm has a market capitalization of $4.78 billion, a price-to-earnings ratio of 19.38 and a beta of 0.75. The company has a fifty day moving average price of $39.59 and a 200-day moving average price of $47.60.

Trend Micro (OTCMKTS:TMICY) last posted 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 net margin of 12.51% and a return on equity of 29.70%. The company had revenue of $476.13 million during the quarter, compared to the consensus estimate of $456.96 million. As a group, sell-side analysts predict that Trend Micro Inc. will post 1.94 EPS for the current fiscal 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.