Trend Micro (OTCMKTS:TMICY) Upgraded at Jefferies Financial Group

Trend Micro (OTCMKTS:TMICY) was upgraded by research analysts at Jefferies Financial Group from a “hold” rating to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.

Trend Micro Stock Down 0.7%

OTCMKTS TMICY opened at $41.05 on Thursday. Trend Micro has a twelve month low of $31.09 and a twelve month high of $77.29. The firm has a market capitalization of $5.36 billion, a PE ratio of 21.84 and a beta of 0.80. The stock’s 50 day moving average is $35.94 and its 200 day moving average is $38.91.

Trend Micro (OTCMKTS:TMICY) last released its quarterly earnings results on Thursday, May 14th. The technology company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.03. Trend Micro had a return on equity of 29.39% and a net margin of 13.23%.The company had revenue of $467.01 million for the quarter, compared to analyst estimates of $455.87 million. On average, research analysts anticipate that Trend Micro will post 1.81 earnings per share for the current 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.