Sophos Group (OTCMKTS:SPHHF) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of Sophos Group (OTCMKTS:SPHHF) from a buy rating to a hold rating in a research note released on Tuesday, Zacks.com reports.

According to Zacks, “Sophos Group plc provides cloud-enabled end user and network security solutions. The Company offers protection against viruses, known and unknown malware, spyware, intrusions, unwanted applications, spam, policy abuse and data leakage. It serves education, healthcare, retail, finance and banking industries as well as governments. The company operates primarily in Europe, the Middle East, Africa, the Americas, the Asia Pacific and Japan. Sophos Group plc is headquartered in Abingdon, the United Kingdom. “

Several other equities analysts have also recently issued reports on SPHHF. JPMorgan Chase & Co. upgraded Sophos Group from a neutral rating to an overweight rating in a report on Tuesday, July 2nd. ValuEngine upgraded Sophos Group from a hold rating to a buy rating in a report on Thursday, August 1st. Finally, Jefferies Financial Group initiated coverage on Sophos Group in a report on Monday, July 22nd. They set a buy rating on the stock.

Sophos Group stock opened at $4.76 on Tuesday. The business’s 50-day simple moving average is $4.95 and its 200 day simple moving average is $4.80. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 33.97 and a beta of 0.40. Sophos Group has a 12-month low of $3.90 and a 12-month high of $7.00. The company has a quick ratio of 0.65, a current ratio of 0.67 and a debt-to-equity ratio of 1.94.

About Sophos Group

Sophos Group plc, through its subsidiaries, provides cloud-enabled end-user and network security solutions. The company offers XG Firewall, a next-generation firewall protection for network, users, and applications from new control center; SG UTM, a user interface to protect network and users; Secure Wi-Fi, a wireless access point; Secure Web Gateway for Web security; Secure Email Gateway solutions; and Phish Threat, an email phishing test simulation and training product.

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