Trend Micro (OTCMKTS:TMICY) Stock Lifted to Hold by Zacks Research

Zacks Research upgraded shares of Trend Micro (OTCMKTS:TMICY) from a strong sell rating to a hold rating in a research note published on Monday morning,Zacks reports.

Trend Micro Price Performance

OTCMKTS TMICY opened at $44.70 on Monday. Trend Micro has a 1 year low of $31.09 and a 1 year high of $52.11. The firm has a market cap of $5.84 billion, a price-to-earnings ratio of 25.40 and a beta of 0.80. The company has a fifty day moving average price of $42.22 and a 200-day moving average price of $38.26.

Trend Micro (OTCMKTS:TMICY) last released its quarterly earnings results on Thursday, August 13th. The technology company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.23). Trend Micro had a net margin of 12.30% and a return on equity of 28.58%. The firm had revenue of $469.40 million for the quarter, compared to the consensus estimate of $456.51 million. On average, research analysts anticipate that Trend Micro will post 1.41 EPS for the current fiscal year.

About Trend Micro

Trend Micro Incorporated is a global cybersecurity company that develops security solutions for businesses, governments and individual consumers. Its products and services are designed to protect endpoints, servers, networks, email systems, cloud environments and connected devices from malware, ransomware, phishing and other cyber threats.

The company offers cloud and network security, endpoint protection, email security, data center security and extended detection and response (XDR) solutions.