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

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

Trend Micro Trading Down 0.5%

TMICY stock opened at $44.70 on Monday. The company’s 50 day moving average is $42.22 and its 200 day moving average is $38.26. The stock has a market cap of $5.84 billion, a price-to-earnings ratio of 25.40 and a beta of 0.80. Trend Micro has a 1-year low of $31.09 and a 1-year high of $52.11.

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). The company had revenue of $469.40 million for 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 28.58%. As a group, sell-side analysts forecast that Trend Micro will post 1.41 EPS for the current fiscal year.

Trend Micro Company Profile

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.