Trend Micro (OTCMKTS:TMICY) Lifted to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Trend Micro (OTCMKTS:TMICY) from a strong sell rating to a hold rating in a research note issued to investors on Thursday morning, Zacks.com reports.

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. “

TMICY opened at $44.34 on Thursday. Trend Micro has a 52-week low of $43.18 and a 52-week high of $66.47. The stock’s 50 day simple moving average is $45.25. The stock has a market capitalization of $6.14 billion, a P/E ratio of 24.10, a P/E/G ratio of 1.58 and a beta of 0.58.

Trend Micro (OTCMKTS:TMICY) last announced its earnings results on Thursday, May 9th. The technology company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.01). The firm had revenue of $345.01 million during the quarter. Trend Micro had a net margin of 17.65% and a return on equity of 15.90%. As a group, sell-side analysts anticipate that Trend Micro will post 1.85 EPS for the current fiscal year.

About Trend Micro

Trend Micro Incorporated develops and sells security solutions primarily in Japan. The company offers hybrid cloud security solutions, such as data center, cloud, and virtualization security products; network security solutions, including integrated advanced threat prevention and advanced threat detection solutions; user protection solutions comprising endpoint and gateway suites, endpoint security, email security, Web security, SaaS application security, and endpoint detection and response; and support services.

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