Trend Micro Inc. (TMICY) Rating Lowered to Sell at Zacks Investment Research
Trend Micro Inc. (OTCMKTS:TMICY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday.
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. “
Shares of Trend Micro (OTCMKTS TMICY) opened at 50.87 on Tuesday. The stock has a 50 day moving average of $50.82 and a 200-day moving average of $43.46. The company has a market capitalization of $6.98 billion, a P/E ratio of 32.20 and a beta of 0.56. Trend Micro has a 12-month low of $32.95 and a 12-month high of $53.20.
Trend Micro (OTCMKTS:TMICY) last released its quarterly earnings data on Tuesday, May 9th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.01. Trend Micro had a net margin of 17.77% and a return on equity of 15.96%. The firm had revenue of $310.02 million during the quarter. Equities research analysts forecast that Trend Micro will post $1.69 EPS for the current year.
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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