Trend Micro (OTCMKTS:TMICY) Upgraded at Jefferies Financial Group

Trend Micro (OTCMKTS:TMICY) was upgraded by equities research analysts at Jefferies Financial Group from a “hold” rating to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

Trend Micro Stock Performance

Shares of TMICY stock opened at $41.05 on Thursday. The firm has a market cap of $5.36 billion, a P/E ratio of 21.84 and a beta of 0.80. Trend Micro has a fifty-two week low of $31.09 and a fifty-two week high of $77.29. The business’s 50 day moving average price is $35.94 and its 200-day moving average price is $38.91.

Trend Micro (OTCMKTS:TMICY) last issued its quarterly earnings data on Thursday, May 14th. The technology company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. The firm had revenue of $467.01 million for the quarter, compared to analyst estimates of $455.87 million. Trend Micro had a return on equity of 29.39% and a net margin of 13.23%. As a group, equities analysts predict that Trend Micro will post 1.81 EPS for the current year.

About Trend Micro

Trend Micro Incorporated is a global cybersecurity company that develops software and services to protect data and networks from evolving digital threats. Headquartered in Tokyo, Japan, with additional offices in North America, Europe and Asia-Pacific, the company offers solutions designed to safeguard businesses, governments and individual users. Since its founding in 1988, Trend Micro has focused on leveraging advanced threat intelligence and machine learning to deliver proactive security measures.

The company’s product portfolio spans endpoint security, network defense, cloud security and threat intelligence services.