Trend Micro (TMICY) Downgraded by Zacks Investment Research

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Trend Micro (OTCMKTS:TMICY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Saturday, February 3rd.

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. “

Shares of Trend Micro (OTCMKTS TMICY) opened at $48.51 on Friday. Trend Micro has a fifty-two week low of $38.27 and a fifty-two week high of $59.67. The stock has a market cap of $6,805.61, a PE ratio of 23.43, a price-to-earnings-growth ratio of 1.63 and a beta of 0.62.

Trend Micro (OTCMKTS:TMICY) last released its quarterly earnings results on Thursday, November 9th. The technology company reported $0.60 earnings per share (EPS) for the quarter. Trend Micro had a net margin of 21.40% and a return on equity of 19.49%. The company had revenue of $335.03 million during the quarter, compared to analysts’ expectations of $326.96 million. equities analysts forecast that Trend Micro will post 1.75 EPS for the current fiscal year.

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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.

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