Trend Micro (OTCMKTS:TMICY) Upgraded to “Strong-Buy” at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Trend Micro (OTCMKTS:TMICY) from a hold rating to a strong-buy rating in a research note published on Thursday morning,Zacks.com reports.

Trend Micro Stock Down 0.7%

OTCMKTS:TMICY opened at $41.05 on Thursday. The stock’s 50 day moving average price is $35.94 and its two-hundred day moving average price is $38.91. The firm has a market capitalization of $5.36 billion, a price-to-earnings ratio of 21.84 and a beta of 0.80. Trend Micro has a 12-month low of $31.09 and a 12-month high of $77.29.

Trend Micro (OTCMKTS:TMICY) last released its quarterly earnings data on Thursday, May 14th. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. Equities research analysts expect 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.