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Optical technology, pivotal to contemporary communication and electronics, has witnessed burgeoning growth, propelling the optical sector into the limelight. The sector boasts of an expansive range of applications including optical transport networking equipment, optical inspection systems, and photonic integrated optical modules. Key players in the optical technology space include Infinera, Camtek, NeoPhotonics, and Clearfield.
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A worldwide technology business called Garmin Ltd. focuses on creating GPS-enabled products for a variety of markets, including the automobile, aviation, marine, and outdoor recreation industries. Garmin has recently completed a number of significant acquisitions to broaden both its client base and product offering. A Finnish firm called Firstbeat Analytics Oy, which specializes in...
Keysight Technologies posted adjusted earnings of $2.01 per share for the third quarter, surpassing the consensus expectations of $1.79. Revenue came in at $1.38 billion, beating the Street expectations of $1.34 billion. Growth was +10% year-over-year, and +13% on a core basis. The company’s revenue from Communications Solutions Group grew +11% from the year-ago quarter, on the back of solid...
Keysight Technologies, Inc. posted second-quarter fiscal 2022 (ended Apr 30, 2022) earnings surpassed Zacks Consensus expectations. Revenue, too beat estimates. The net income came in at $1.83, beating the Zacks Consensus Estimate by 16 cents. Revenue rose +11% year over year to $1,351 million, exceeding the Zacks Consensus Estimate of $1,302 million. The Communications Solutions Group grew...
Keysight Technologies reported its first quarter earnings that rose substantially from the year-ago quarter. The electronics equipment company’s GAAP net income for the quarter came in at $1.24 per share, compared with $0.92 per share a year ago. Non-GAAP net income was $1.65 per share, also higher than $1.43 per share in the first quarter of 2021. Revenue rose +6% from the year-ago quarter...
MicroVision shares fell more than -20% in premarket trading on Friday, after the laser-scanning technology company posted a steeper-than-expected quarterly loss.The company incurred a loss of -4 cents a share in the first quarter, compared to a loss of -3 cents a share anticipated by analysts poled by FactSet.
Sales fell to $500,000 from $1.5 million a year ago.
Shares of laser maker Coherent jumped on Tuesday, after Lumentum Holdings agreed to acquire the company in a deal valued at $5.7 billion.
In a cash-and-stock deal, Coherent shareholders would receive $100 per share in cash and 1.1851 shares of Lumentum common stock for each Coherent share they own, according to the the companies’ statement.The transaction deal implies a 49% premium to Coherent's closing price on Friday.
Industrial technology company Teledyne Technologies agreed to acquire thermal image technology company FLIR Systems.
In the cash-and-stock deal valued at approximately $8 billion, FLIR shareholders will receive $28 a share in cash and 0.0718 a share of Teledyne common stock for each FLIR share.The deal implies a 40% premium for FLIR stockholders based on FLIR’s 30-day volume weighted average price as of Dec. 31.
The transaction is expected to close in the middle of 2021, subject to regulatory approvals.