Trend Micro (OTCMKTS:TMICY) Downgraded by Zacks Research to Strong Sell

Zacks Research downgraded shares of Trend Micro (OTCMKTS:TMICY) from a hold rating to a strong sell rating in a research note published on Wednesday,Zacks reports.

Separately, Jefferies Financial Group raised Trend Micro from a “hold” rating to a “strong-buy” rating in a research note 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 company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Trend Micro Stock Up 2.2%

Shares of OTCMKTS:TMICY opened at $36.86 on Wednesday. The stock has a market cap of $4.82 billion, a PE ratio of 20.94 and a beta of 0.79. The company’s fifty day moving average is $38.52 and its 200 day moving average is $36.63. Trend Micro has a 52 week low of $31.09 and a 52 week high of $60.28.

Trend Micro (OTCMKTS:TMICY) last posted its quarterly 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 27.93% and a net margin of 12.30%.The business had revenue of $469.40 million during the quarter, compared to the consensus estimate of $456.51 million. Sell-side analysts anticipate that Trend Micro will post 1.41 EPS 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.