Trend Micro (OTCMKTS:TMICY) Boosted  to “Hold” by Zacks Investment Research

Trend Micro (OTCMKTS:TMICY) Boosted  to “Hold” by Zacks Investment Research

Trend Micro (OTCMKTS:TMICY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Friday, September 14th.

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. “

Separately, ValuEngine upgraded Trend Micro from a “hold” rating to a “buy” rating in a research report on Wednesday, July 4th.

Shares of TMICY traded down $0.74 during mid-day trading on Friday, hitting $60.22. The stock had a trading volume of 44,933 shares, compared to its average volume of 7,169. The firm has a market cap of $9.03 billion, a PE ratio of 36.50, a PEG ratio of 2.00 and a beta of 0.57. Trend Micro has a 52 week low of $47.06 and a 52 week high of $66.47.

Trend Micro (OTCMKTS:TMICY) last announced its quarterly earnings results on Tuesday, August 7th. The technology company reported $0.45 earnings per share for the quarter. Trend Micro had a return on equity of 16.18% and a net margin of 17.87%. The company had revenue of $362.19 million during the quarter, compared to analysts’ expectations of $357.90 million. On average, equities analysts forecast that Trend Micro will post 1.92 EPS for the current 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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