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

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

Trend Micro Stock Down 0.5%

Shares of Trend Micro stock opened at $44.70 on Monday. The firm has a market capitalization of $5.84 billion, a P/E ratio of 25.40 and a beta of 0.80. The company has a 50 day moving average price of $42.22 and a 200 day moving average price of $38.26. Trend Micro has a 52 week low of $31.09 and a 52 week high of $52.11.

Trend Micro (OTCMKTS:TMICY) last released its earnings results on Thursday, August 13th. The technology company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.23). The company had revenue of $469.40 million during the quarter, compared to analyst estimates of $456.51 million. Trend Micro had a return on equity of 28.58% and a net margin of 12.30%. As a group, research analysts anticipate that Trend Micro will post 1.41 earnings per share 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.