Trend Micro (OTCMKTS:TMICY) Upgraded by Zacks Research to “Strong Sell” Rating

Zacks Research upgraded shares of Trend Micro (OTCMKTS:TMICY) to a strong sell rating in a report published on Thursday,Zacks.com reports.

Separately, Jefferies Financial Group upgraded Trend Micro from a “hold” rating to a “strong-buy” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Trend Micro Stock Performance

Shares of TMICY 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 stock 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 fifty day moving average of $35.94 and a 200-day moving average of $38.91.

Trend Micro (OTCMKTS:TMICY) last announced its quarterly earnings results on Thursday, May 14th. The technology company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. Trend Micro had a return on equity of 29.39% and a net margin of 13.23%.The company had revenue of $467.01 million during the quarter, compared to analysts’ expectations of $455.87 million. As a group, equities analysts forecast that Trend Micro will post 1.81 EPS 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.