Zacks Investment Research upgraded shares of Trend Micro (OTCMKTS:TMICY) from a hold rating to a buy rating in a research note published on Thursday morning. They currently have $66.00 price target on the technology company’s stock.

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 (TMICY) opened at $57.02 on Thursday. Trend Micro has a 12 month low of $36.21 and a 12 month high of $59.67. The company has a market capitalization of $7,999.51, a price-to-earnings ratio of 27.55, a PEG ratio of 1.93 and a beta of 0.64.

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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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