Trend Micro (OTCMKTS:TMICY) Downgraded to “Sell” at Zacks Investment Research

Trend Micro (OTCMKTS:TMICYGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday, 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. “

OTCMKTS TMICY traded up $2.44 on Tuesday, hitting $55.75. 5,684 shares of the stock were exchanged, compared to its average volume of 7,172. Trend Micro has a 52-week low of $48.46 and a 52-week high of $62.20. The company has a market capitalization of $7.85 billion, a price-to-earnings ratio of 22.94, a P/E/G ratio of 2.42 and a beta of 0.31. The company’s 50-day moving average price is $57.16 and its two-hundred day moving average price is $56.20.

Trend Micro (OTCMKTS:TMICYGet Rating) last posted its quarterly earnings data on Thursday, February 17th. The technology company reported $0.80 earnings per share for the quarter. The firm had revenue of $450.48 million for the quarter, compared to analysts’ expectations of $463.90 million. Trend Micro had a net margin of 19.40% and a return on equity of 18.02%. Equities analysts forecast that Trend Micro will post 1.83 EPS for the current fiscal year.

Trend Micro Company Profile (Get Rating)

Trend Micro Incorporated develops and sells security-related software for computers and the Internet primarily in Japan. The company offers hybrid cloud security solutions, such conformity, workload, container, file storage, application, network, and open-source security products. It also provides intrusion prevention, threat protection, industrial and mobile network security products, as well as offers email, mobile, web, and industrial endpoint security products.

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