Trend Micro (OTCMKTS:TMICY) Stock Rating Upgraded by Jefferies Financial Group

Trend Micro (OTCMKTS:TMICY) was upgraded by research analysts at Jefferies Financial Group from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

Trend Micro Stock Performance

Shares of TMICY stock opened at $41.05 on Thursday. Trend Micro has a 1 year low of $31.09 and a 1 year high of $77.29. The stock has a fifty day moving average of $35.94 and a two-hundred day moving average of $38.91. The firm has a market capitalization of $5.36 billion, a PE ratio of 21.84 and a beta of 0.80.

Trend Micro (OTCMKTS:TMICY) last announced its quarterly earnings results on Thursday, May 14th. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $455.87 million. Equities research analysts predict that Trend Micro will post 1.81 earnings per share 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.