Trend Micro (TMICY) Raised to “Hold” at Zacks Investment Research

Trend Micro (TMICY) Raised to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Trend Micro (OTCMKTS:TMICY) from a sell rating to a hold rating in a research report released on Wednesday morning, 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. “

Separately, ValuEngine upgraded shares of Trend Micro from a hold rating to a buy rating in a research note on Tuesday, January 15th.

Shares of TMICY stock traded down $0.57 during mid-day trading on Wednesday, reaching $47.27. 212 shares of the company’s stock traded hands, compared to its average volume of 8,207. Trend Micro has a 12 month low of $45.75 and a 12 month high of $66.47. The company has a market cap of $6.64 billion, a price-to-earnings ratio of 25.69, a PEG ratio of 1.59 and a beta of 0.53.

Trend Micro (OTCMKTS:TMICY) last issued its quarterly earnings data on Thursday, May 9th. The technology company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). Trend Micro had a net margin of 17.65% and a return on equity of 15.61%. The business had revenue of $345.01 million for the quarter. As a group, sell-side analysts expect that Trend Micro will post 1.95 earnings per share 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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