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

Trend Micro Inc. (OTCMKTS:TMICY)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $42.31, but opened at $39.89. Trend Micro shares last traded at $41.23, with a volume of 1,182 shares trading hands.

Analyst Ratings Changes

Several research analysts have commented on the stock. Zacks Research cut shares of Trend Micro from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 9th. Jefferies Financial Group upgraded shares of Trend Micro from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Trend Micro Price Performance

The firm has a market cap of $5.43 billion, a PE ratio of 23.62 and a beta of 0.79. The business has a fifty day moving average price of $38.95 and a two-hundred day moving average price of $37.11.

Trend Micro (OTCMKTS:TMICY) last announced its quarterly earnings data on Thursday, August 13th. The technology company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.23). Trend Micro had a return on equity of 28.58% and a net margin of 12.30%.The business had revenue of $469.40 million during the quarter, compared to analysts’ expectations of $456.51 million. As a group, sell-side analysts forecast that Trend Micro Inc. will post 1.41 EPS for the current fiscal year.

About Trend Micro

Trend Micro Incorporated is a global cybersecurity company headquartered in Tokyo, Japan. Founded in 1988, the company develops security solutions designed to protect organizations, businesses and consumers from malware, ransomware, phishing, data breaches and other cyber threats.

Its product portfolio includes endpoint and server security, cloud and data-center protection, network defense, email security, identity and zero-trust solutions, and extended detection and response (XDR) capabilities.