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Will KEYS' Semiconductor Innovation Boost Its Stock Performance?
ZACKS· 2024-08-29 16:40
Keysight Technologies, Inc. (KEYS) recently launched the Electrical Structural Tester ("EST") to efficiently conduct wire bond inspection for semiconductor manufacturing. Designed for high-volume manufacturing environments, the EST empowers chip makers to improve production efficiency, while ensuring superior quality and reliability. Legacy testing methods are failing to match the paramount quality requirements due to the increasing density of chips in mission-critical applications, such as medical devices ...
Here's Why This Hot Technology Stock Soared This Week
The Motley Fool· 2024-08-23 11:18
Core Viewpoint - Keysight Technologies' stock has risen significantly following its third-quarter earnings report, indicating market optimism despite some negative year-over-year growth metrics [1][2]. Financial Performance - Keysight reported a year-over-year core revenue decline of 13% and a core orders decline of 1% [2]. - The company beat revenue expectations for the quarter, which contributed to positive market sentiment [3]. Market Conditions - Management indicated that overall market conditions are not worsening, which is a positive sign for investors looking for early trend reversals [3]. - There are signs of improvement in second-half orders compared to the first half, with specific growth in commercial communications and semiconductor orders driven by AI spending [4]. Future Outlook - CEO Satish Dhanasekaran anticipates a gradual recovery in 2025, aligning with broader industry expectations [5]. - The stock is currently trading at 25 times expected earnings, suggesting it may represent decent value for investors [5].
Keysight: Q3 Marks An Inflection Point, But Valuation Is Tight
Seeking Alpha· 2024-08-21 21:40
A stockphoto/iStock via Getty Images Investment Thesis Keysight Technologies, Inc. (NYSE:KEYS) is a company that provides electronic design and test instruments, and being one of the world leaders in this sector. As covered in my past articles, FY2024 hasn't been easy as orders have paused and revenue has decreased drastically, however, in this follow up I can notice that an inflection point appears to have been reached, giving hope that growth can return. The stock is rising to $155, quickly adjusting for ...
Keysight Technologies Stock Soars as Orders Show Resilience
Investopedia· 2024-08-21 20:25
Key Takeaways Keysight Technologies shares soared after the provider of electronic testing products beat quarterly sales and profit estimates. Orders increased from a year ago even as many of Keysight's end markets navigated macroeconomic challenges. The stock is up more than 30% since hitting a 2024 low on Aug. 7. Shares of Keysight Technologies (KEYS) jumped nearly 14%, the best performance of any S&P 500 stock on Wednesday, following a strong quarterly earnings report. Keysight, which supplies engineerin ...
Why Keysight Technologies Stock Is Surging Today
The Motley Fool· 2024-08-21 19:19
Keysight's recent quarterly report arrived with some positive surprises. Keysight Technologies (KEYS 12.65%) stock is making big gains in Wednesday's trading. The company's share price was up 12.8% as of 3 p.m. ET, according to data from S&P Global Market Intelligence. After the market closed yesterday, Keysight published results for the third quarter of its current fiscal year -- a period that ended July 31. The business delivered sales and earnings that came in significantly above Wall Street's expectatio ...
Keysight (KEYS) Q3 Earnings Beat Estimate Despite Lower Revenues
ZACKS· 2024-08-21 18:15
Keysight Inc. (KEYS) reported relatively strong third-quarter fiscal 2024 results, with the bottom and the top lines surpassing the respective Zacks Consensus Estimate. However, the company reported a top-line decline year over year. Weakness in multiple end markets, including general electronics, semiconductor and automotive, impeded the net sales growth. Strong demand for AI related network data center infrastructure solutions and healthy momentum in software and services partially cushioned the top line. ...
Keysight Q3: Order Recovery Is Encouraging
Seeking Alpha· 2024-08-21 13:45
800 June T LIB Sundry Photography I gave Keysight Technologics (NYSE: KEYS) stock a 'Strong Buy' rating in my previous article published in July 2023, highlighting the company's potential to capitalize on 5G and software solutions. The company released their Q3 results on August 20th. The new order growth seems to have bottomed out during the quarter. I estimate the company will return to positive revenue growth by FY 25. I reiterate a 'Strong Buy' rating with a one-year price target of $180 per share. Orde ...
Here's What Key Metrics Tell Us About Keysight (KEYS) Q3 Earnings
ZACKS· 2024-08-20 22:31
Keysight (KEYS) reported $1.22 billion in revenue for the quarter ended July 2024, representing a year-overyear decline of 11.9%. EPS of $1.57 for the same period compares to $2.19 a year ago. The reported revenue represents a surprise of +1.99% over the Zacks Consensus Estimate of $1.19 billion. With the consensus EPS estimate being $1.35, the EPS surprise was +16.30%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine thei ...
Keysight (KEYS) Surpasses Q3 Earnings and Revenue Estimates
ZACKS· 2024-08-20 22:15
Keysight (KEYS) came out with quarterly earnings of $1.57 per share, beating the Zacks Consensus Estimate of $1.35 per share. This compares to earnings of $2.19 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 16.30%. A quarter ago, it was expected that this electronic measurement technology company would post earnings of $1.39 per share when it actually produced earnings of $1.41, delivering a surprise of 1.44%. Over the last ...
Wall Street's Insights Into Key Metrics Ahead of Keysight (KEYS) Q3 Earnings
ZACKS· 2024-08-15 14:16
Group 1 - Analysts project Keysight (KEYS) will announce quarterly earnings of $1.35 per share, a decline of 38.4% year over year [1] - Revenues are expected to reach $1.19 billion, declining 13.7% from the same quarter last year [1] - There has been no revision in the consensus EPS estimate for the quarter over the past 30 days, indicating a collective reappraisal by analysts [1] Group 2 - Revenue for the Communications Solutions Group is estimated at $815.55 million, reflecting a year-over-year change of -11.2% [4] - Revenue for Commercial Communications is projected to be $531.04 million, indicating a change of -13.1% from the prior-year quarter [4] - Revenue for Aerospace, Defense & Government is expected to reach $284.51 million, with a year-over-year change of -7.3% [5] Group 3 - Revenue for the Electronic Industrial Solutions Group is anticipated to be $375.76 million, suggesting a change of -19% year over year [5] - Income from operations for the Electronic Industrial Solutions Group is expected to be $87.80 million, down from $157 million a year ago [6] - Income from operations for the Communications Solutions Group is estimated at $217.27 million, contrasting with the year-ago figure of $276 million [6] Group 4 - Keysight shares have experienced a change of -12.6% in the past month, compared to the -2.9% move of the Zacks S&P 500 composite [6] - Keysight is currently rated with a Zacks Rank 4 (Sell), indicating expectations of underperformance in the near future [6]