Trend Micro (TMICY) Rating Increased to Buy at Zacks Investment Research

Trend Micro (OTCMKTS:TMICY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Saturday. The firm currently has a $63.00 price objective on the technology company’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 15.17% from the company’s previous close.

According to Zacks, “Trend Micro Incorporated is engaged in providing endpoint, messaging and Web security software and services. It develops security solutions that protects against a wide range of insidious threats and combined attacks including viruses, spam, phishing, spyware, botnets, and other Web attacks, including data-stealing malware. With Trend Micro, Smart Protection Network, the Company combines Internet-based technologies with smaller, lighter weight clients to stop threats. The Company operates a global network of datacenters combined with automated and manual threat correlation systems to provide customers with a real-time feedback loop of round-the-clock threat intelligence and protection. It helps in exchanging digital information by offering a comprehensive array of customizable solutions to enterprises, small and medium businesses, individuals, service providers and OEM partners. Trend Micro Incorporated is headquartered in Tokyo, Japan. “

Trend Micro (OTCMKTS:TMICY) traded down $0.39 during midday trading on Friday, hitting $54.70. 2,704 shares of the company were exchanged, compared to its average volume of 9,226. Trend Micro has a twelve month low of $36.21 and a twelve month high of $59.67. The company has a market cap of $7,729.44, a P/E ratio of 26.43, a P/E/G ratio of 1.85 and a beta of 0.64.

Trend Micro (OTCMKTS:TMICY) last released its earnings results on Thursday, November 9th. The technology company reported $0.60 EPS for the quarter. Trend Micro had a net margin of 21.40% and a return on equity of 19.49%. sell-side analysts predict that Trend Micro will post 1.75 earnings per share for the current fiscal year.

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Trend Micro Company Profile

Trend Micro Incorporated is engaged in the development and sale of security-related software for computers and the Internet. The Company provides server security, cloud security and small business content security. The Company’s segments include Japan, North America, Europe, Asia Pacific and Latin America.

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