Trend Micro (OTCMKTS:TMICY) Cut to “Strong Sell” at Zacks Research

Trend Micro (OTCMKTS:TMICY – Get Free Report) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Wednesday, Zacks reports.

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

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Trend Micro Price Performance

Shares of TMICY opened at $36.86 on Wednesday. The firm has a 50-day simple moving average of $38.52 and a two-hundred day simple moving average of $36.63. The stock has a market cap of $4.82 billion, a PE ratio of 20.94 and a beta of 0.79. Trend Micro has a 1-year low of $31.09 and a 1-year high of $60.28.

Trend Micro (OTCMKTS:TMICY – Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $456.51 million. As a group, sell-side analysts expect that Trend Micro will post 1.41 earnings per share for the current fiscal year.

About Trend Micro

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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.

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