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

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

Trend Micro Trading Down 0.5%

Shares of OTCMKTS:TMICY opened at $44.70 on Monday. Trend Micro has a 12 month low of $31.09 and a 12 month high of $52.11. The company has a market capitalization of $5.84 billion, a price-to-earnings ratio of 25.40 and a beta of 0.80. The firm’s 50-day moving average is $42.22 and its 200 day moving average is $38.26.

Trend Micro (OTCMKTS:TMICY) last announced its earnings results on Thursday, August 13th. The technology company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.23). Trend Micro had a net margin of 12.30% and a return on equity of 28.58%. The business had revenue of $469.40 million for the quarter, compared to analysts’ expectations of $456.51 million. As a group, equities analysts forecast 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 security solutions for businesses, governments and individual consumers. Its products and services are designed to protect endpoints, servers, networks, email systems, cloud environments and connected devices from malware, ransomware, phishing and other cyber threats.

The company offers cloud and network security, endpoint protection, email security, data center security and extended detection and response (XDR) solutions.