This technology company's earnings served notice that its overall end markets are bottoming. Test and measurement technology company Keysight Technologies (KEYS -2.01%) stock is up a whopping 14.3% in the week to Friday morning. The move comes as the market warmed to its third-quarter earnings released earlier in the week. Keysight Technologies' third quarter It's not that its year-over-year core revenue growth or core orders growth turned positive (down 13% and 1%, respectively), and it's not that manageme ...

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 ...

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 ...

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 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. ...

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 ...

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) 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 ...

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]

Keysight Technologies, Inc. (KEYS) is scheduled to report third-quarter fiscal 2024 results on Aug 20 after the closing bell. It pulled off a trailing four-quarter earnings surprise of 4.43%, on average. Based in Santa Rosa, CA, the electronic design company is expected to have recorded a revenue contraction year over year owing to soft demand in Electronic Industrial Solutions Group. Weakness in some end markets of the Commercial Communication Group is likely to have affected the top line. Factors at Play ...