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

Trend Micro Inc. (OTCMKTS:TMICY) gapped up before the market opened on Thursday . The stock had previously closed at $34.0950, but opened at $39.18. Trend Micro shares last traded at $38.00, with a volume of 4,113 shares.

Trend Micro Trading Up 6.6%

The firm has a market capitalization of $4.93 billion, a PE ratio of 21.58 and a beta of 0.77. The business has a fifty day moving average price of $34.46 and a two-hundred day moving average price of $42.45.

Trend Micro (OTCMKTS:TMICY) last released its quarterly earnings results on Wednesday, February 18th. The technology company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.05. The business had revenue of $476.13 million during the quarter, compared to analysts’ expectations of $456.96 million. Trend Micro had a return on equity of 28.76% and a net margin of 12.51%. On average, equities 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 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.