Trend Micro (OTCMKTS:TMICY) Upgraded at Zacks Research

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

Separately, Jefferies Financial Group upgraded Trend Micro from a “hold” rating to a “strong-buy” rating in a research report on Thursday. One research 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, Trend Micro currently has a consensus rating of “Moderate Buy”.

Trend Micro Stock Down 0.7%

Trend Micro stock opened at $41.05 on Thursday. Trend Micro has a 52 week low of $31.09 and a 52 week high of $77.29. The company has a market capitalization of $5.36 billion, a price-to-earnings ratio of 21.84 and a beta of 0.80. The stock has a 50-day moving average price of $35.94 and a 200 day moving average price of $38.91.

Trend Micro (OTCMKTS:TMICY) last announced 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 company had revenue of $467.01 million during the quarter, compared to analysts’ expectations of $455.87 million. Trend Micro had a return on equity of 29.39% and a net margin of 13.23%. Research analysts anticipate that Trend Micro will post 1.81 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.