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

Trend Micro Inc. (OTCMKTS:TMICY) gapped up prior to trading on Wednesday . The stock had previously closed at $32.21, but opened at $34.4450. Trend Micro shares last traded at $33.77, with a volume of 13,968 shares changing hands.

Trend Micro Price Performance

The company has a market capitalization of $4.43 billion, a PE ratio of 19.38 and a beta of 0.79. The stock’s 50 day simple moving average is $35.74 and its 200-day simple moving average is $44.14.

Trend Micro (OTCMKTS:TMICY) last announced its quarterly earnings data on Wednesday, February 18th. The technology company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.05. Trend Micro had a return on equity of 28.76% and a net margin of 12.51%.The business had revenue of $476.13 million for the quarter, compared to analysts’ expectations of $456.96 million. On average, equities analysts predict that Trend Micro Inc. will post 1.94 earnings per share for the current 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.