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

Trend Micro (OTCMKTS:TMICY) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Wednesday, Zacks reports.

Separately, Jefferies Financial Group upgraded Trend Micro from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Trend Micro Trading Up 2.2%

TMICY stock opened at $36.86 on Wednesday. Trend Micro has a 1-year low of $31.09 and a 1-year high of $60.28. The business’s 50 day simple moving average is $38.52 and its 200 day simple moving average is $36.63. The firm has a market capitalization of $4.82 billion, a PE ratio of 20.94 and a beta of 0.79.

Trend Micro (OTCMKTS:TMICY) last issued its quarterly earnings data 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). The company had revenue of $469.40 million during the quarter, compared to the consensus estimate of $456.51 million. Trend Micro had a net margin of 12.30% and a return on equity of 27.93%. As a group, sell-side analysts predict that Trend Micro will post 1.41 EPS for the current fiscal 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.