Zacks Investment Research Downgrades Trend Micro Inc. (TMICY) to Strong Sell
Trend Micro Inc. (OTCMKTS:TMICY) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report issued on Thursday.
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 34.20 on Thursday. The firm has a 50 day moving average of $36.07 and a 200 day moving average of $36.64. Trend Micro has a one year low of $31.05 and a one year high of $44.21. The stock has a market cap of $4.69 billion, a P/E ratio of 24.60 and a beta of 0.77.
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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