Trend Micro (OTCMKTS:TMICY) Shares Gap Down – Time to Sell?

Shares of Trend Micro Inc. (OTCMKTS:TMICY – Get Free Report) gapped down before the market opened on Wednesday. The stock had previously closed at $48.7350, but opened at $46.45. Trend Micro shares last traded at $46.2903, with a volume of 940 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered Trend Micro from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Get Trend Micro alerts:

Read Our Latest Stock Report on Trend Micro

Trend Micro Price Performance

The company has a market capitalization of $6.03 billion, a price-to-earnings ratio of 26.24 and a beta of 0.80. The firm has a fifty day simple moving average of $40.07 and a 200 day simple moving average of $38.09.

Trend Micro (OTCMKTS:TMICY – Get Free Report) last announced its earnings results on Thursday, August 13th. The technology company reported $0.17 earnings per share 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 for the quarter, compared to analyst estimates of $456.51 million. Research analysts predict that Trend Micro Inc. will post 1.41 EPS for the current year.

About Trend Micro

(Get Free Report)

Trend Micro Incorporated is a global cybersecurity company that develops security software and services for businesses, government organizations, small and medium-sized enterprises, and individual consumers. Its offerings are designed to protect endpoints, servers, networks, cloud environments, email systems, and other connected devices from malware, ransomware, phishing, data breaches, and other cyber threats.

The company provides cloud and hybrid-cloud security, endpoint and network defense, email security, identity protection, and extended detection and response (XDR) capabilities.

Featured Articles

• Five stocks we like better than Trend Micro
• Don’t Get NVIDIA’s Reflection AI Interest Wrong: Its Moat Could Deepen
• Birkenstock’s Strong Growth Creates a Buying Opportunity
• High Voltage Returns: Navitas Rewires AI Data Centers
• Quantum BioPharma’s Phase 2 Shows Where Biotech Value Actually Gets Built

Receive News & Ratings for Trend Micro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trend Micro and related companies with MarketBeat.com's FREE daily email newsletter.