Trend Micro (OTCMKTS:TMICY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Saturday, January 20th. The brokerage presently has a $63.00 price objective on the technology company’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 28.64% from the company’s previous close.
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. “
Trend Micro (OTCMKTS TMICY) opened at $48.98 on Friday. Trend Micro has a 52-week low of $38.27 and a 52-week high of $59.67. The company has a market capitalization of $6,805.61, a PE ratio of 23.66, a PEG ratio of 1.63 and a beta of 0.62.
About Trend Micro
Trend Micro Incorporated is engaged in the development and sale of security-related software for computers and the Internet. The Company provides server security, cloud security and small business content security. The Company’s segments include Japan, North America, Europe, Asia Pacific and Latin America.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News Ratings for Trend Micro Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Trend Micro and related companies with MarketBeat.com’s FREE daily email newsletter.