Daiwa Capital Markets cut shares of Trend Micro (OTCMKTS:TMICY – Get Rating) from an outperform rating to a neutral rating in a research report released on Wednesday morning, The Fly reports.

Trend Micro Stock Performance

Shares of TMICY opened at $48.13 on Wednesday. The stock has a 50-day moving average of $47.30 and a two-hundred day moving average of $51.12. Trend Micro has a one year low of $44.50 and a one year high of $68.14. The stock has a market cap of $6.78 billion, a P/E ratio of 29.17, a P/E/G ratio of 2.20 and a beta of 0.51.

Trend Micro (OTCMKTS:TMICY – Get Rating) last released its quarterly earnings data on Thursday, February 16th. The technology company reported $0.05 earnings per share for the quarter. The business had revenue of $437.42 million during the quarter, compared to analyst estimates of $452.79 million. Trend Micro had a return on equity of 10.15% and a net margin of 13.52%. Analysts predict that Trend Micro will post 1.48 EPS for the current fiscal year.

About Trend Micro

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Trend Micro, Inc is engaged in the development and sale of security-related products and services for computers and the Internet. It operates through the following geographical segments: Japan, North America, Europe, Asia Pacific, and Central and Latin America. The company enterprises the data security and cyber security solutions for businesses, data centers, cloud environments, networks and others.

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