Trend Micro (OTCMKTS:TMICY) Downgraded to Strong Sell Rating by Zacks Research

Trend Micro (OTCMKTS:TMICY) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Wednesday, Zacks reports.

Separately, Jefferies Financial Group raised shares of Trend Micro from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Trend Micro Stock Up 2.2%

Shares of OTCMKTS:TMICY opened at $36.86 on Wednesday. Trend Micro has a 52-week low of $31.09 and a 52-week high of $60.28. The stock has a market cap of $4.82 billion, a P/E ratio of 20.94 and a beta of 0.79. The business has a fifty day moving average of $38.52 and a two-hundred day moving average of $36.63.

Trend Micro (OTCMKTS:TMICY) last posted its quarterly earnings results on Thursday, August 13th. The technology company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.23). Trend Micro had a return on equity of 27.93% and a net margin of 12.30%.The company had revenue of $469.40 million for the quarter, compared to analysts’ expectations of $456.51 million. On average, equities analysts anticipate that Trend Micro will post 1.41 earnings per share 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.