Trend Micro (OTCMKTS:TMICY) Stock Rating Upgraded by Zacks Research

Trend Micro (OTCMKTS:TMICY) was upgraded by research analysts at Zacks Research to a “strong sell” rating in a research report issued on Thursday,Zacks.com reports.

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

Trend Micro Trading Down 0.7%

OTCMKTS:TMICY opened at $41.05 on Thursday. The firm has a market capitalization of $5.36 billion, a price-to-earnings ratio of 21.84 and a beta of 0.80. Trend Micro has a 1-year low of $31.09 and a 1-year high of $77.29. The business’s fifty day moving average price is $35.94 and its 200 day moving average price is $38.91.

Trend Micro (OTCMKTS:TMICY) last posted 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. The firm had revenue of $467.01 million for the quarter, compared to analyst estimates of $455.87 million. Trend Micro had a return on equity of 29.39% and a net margin of 13.23%. Equities analysts forecast 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.