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Keysight (KEYS, $160.77) reports rise in Q1 earnings and revenue
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 to $1.25 billion.
Orders surged +22% year-over-year to $1.50 billion.
The company’s revenue from the Communications Solutions Group (CSG) grew +3% year-over-year to $878 million in the first quarter, driven by continued investments in 5G, O-RAN adoption, 400G, 800G and terabit R&D, and wireline applications. Electronic Industrial Solutions Group (EISG) generated revenue of $372 million in the first quarter, up +13% from the year-ago quarter, on the back of strength in semiconductor measurement solutions and next-generation automotive and energy technologies, reporting growth across all regions.
Looking ahead, Keysight expects its second fiscal quarter revenue to be in the range of $1.29 billion to $1.31 billion. It projects non-GAAP earnings per share for the quarter to be in the range of $1.63 to $1.69.
KEYS's RSI Indicator ascending out of oversold territory
The RSI Oscillator for KEYS moved out of oversold territory on May 10, 2022. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 14 similar instances when the indicator left oversold territory. In 12 of the 14 cases the stock moved higher. This puts the odds of a move higher at 86%.
Current price $141.07 crossed the support line at $135.15 and is trading between $211.58 support and $135.15 support lines. Throughout the month of 04/26/22 - 05/26/22, the price experienced a -0.08% Downtrend, while the week of 05/19/22 - 05/26/22 shows a +3% Uptrend.
The Momentum Indicator moved above the 0 level on May 23, 2022. You may want to consider a long position or call options on KEYS as a result. In 51 of 80 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 64%.
The Moving Average Convergence Divergence (MACD) for KEYS just turned positive on May 17, 2022. Looking at past instances where KEYS's MACD turned positive, the stock continued to rise in 34 of 46 cases over the following month. The odds of a continued upward trend are 74%.
Following a +2.23% 3-day Advance, the price is estimated to grow further. Considering data from situations where KEYS advanced for three days, in 244 of 360 cases, the price rose further within the following month. The odds of a continued upward trend are 68%.
KEYS may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Stochastic Indicator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where KEYS declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 57%.
The Aroon Indicator for KEYS entered a downward trend on May 23, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 81%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.04.
The Tickeron Seasonality Score of 13 (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Profit vs. Risk Rating rating for this company is 17 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 77, placing this stock better than average.
The Tickeron PE Growth Rating for this company is 51 (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is 59 (best 1 - 100 worst), indicating fairly steady price growth. KEYS’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 72 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 82 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (6.725) is normal, around the industry mean (5.347). P/E Ratio (25.575) is within average values for comparable stocks, (98.202). Projected Growth (PEG Ratio) (1.613) is also within normal values, averaging (1.758). Dividend Yield (0.000) settles around the average of (0.030) among similar stocks. P/S Ratio (5.068) is also within normal values, averaging (99.302).
This industry manufactures electronic products used in various critical and sophisticated technologies, including laser-based systems, circuit and continuity testers, electro-optical measuring instruments and high-speed precision weighing and inspection equipment. Some major companies operating in this business are Canon Inc., Keysight Technologies Inc., and Fortive Corp.
The average market capitalization across the Electronic Equipment/Instruments Industry is 4.4B. The market cap for tickers in the group ranges from 470.7K to 93.6B. KYCCF holds the highest valuation in this group at 93.6B. The lowest valued company is SIGL at 470.7K.
The average weekly price growth across all stocks in the Electronic Equipment/Instruments Industry was 0.62%. For the same Industry, the average monthly price growth was -10.38%, and the average quarterly price growth was -18.34%. BKSY experienced the highest price growth at 75.19%, while QNGY experienced the biggest fall at -30.97%.
- 3/18/22 7:14 AM: Keysight Technologies (KEYS, $156.75) was a top weekly gainer, with a +7% jump
The average weekly volume growth across all stocks in the Electronic Equipment/Instruments Industry was 668.17%. For the same stocks of the Industry, the average monthly volume growth was 742.19% and the average quarterly volume growth was 864.96%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Positive Outlook today, backed by the MA200MA50 Indicator. Tickeron has a positive outlook on this group and predicts a further increase by more than 4.00% within the next month with a likelihood of 42%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.11.
11 stocks in the group of tickers exhibit a similar positive trend based on the 15 indicator with an average likelihood of 78%.
The average market capitalization across the group is 4.5B. The market cap for tickers in the group ranges from 0 to 94.5B. KYCCF holds the highest valuation in this group at 94.5B. The lowest valued company is MINDP at 0.
The average weekly price growth across all stocks in the group was 1.25%. For the same group, the average monthly price growth was -6.11%, and the average quarterly price growth was -24%. BKSY experienced the highest price growth at 79.41%, while QNGY experienced the biggest fall at -38.06%.
- 5/24/22 7:00 AM: Kraken Robotics (KRKNF, $0.29) was a top weekly gainer, with a +12.51% jump
- 5/20/22 5:28 AM: Energous (WATT, $1) is a top weekly gainer for penny stocks, rising +19.33%
- 5/19/22 8:24 AM: Vontier (VNT, $27.3) was a top weekly gainer, with a +5.28% jump
The average weekly volume growth across all stocks in the group was 304.25%. For the same stocks of the group, the average monthly volume growth was 644.58% and the average quarterly volume growth was 1307.92%
- 4/19/22 4:04 AM: The volume for Wrap Technologies stock increased for one day, resulting in a record-breaking daily growth of 577% of the 65-Day Volume Moving Average
- 3/15/22 5:13 AM: The volume for Velodyne Lidar stock increased for a consecutive 5 days, with an average daily gain of 189%
- 3/12/22 7:58 AM: The volume for Velodyne Lidar stock increased for a consecutive 5 days, with an average daily gain of 198%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
This industry manufactures electronic products used in various critical and sophisticated technologies, including laser-based systems, circuit and continuity testers, electro-optical measuring instruments and high-speed precision weighing and inspection equipment. Some major companies operating in this business are Canon Inc., Keysight Technologies Inc., and Fortive Corp.
The average market capitalization across the Electronic Equipment/Instruments Industry is 4.4B. The market cap for tickers in the group ranges from 470.7K to 94.5B. KYCCF holds the highest valuation in this group at 94.5B. The lowest valued company is SIGL at 470.7K.
The average weekly price growth across all stocks in the Electronic Equipment/Instruments Industry was 1.14%. For the same Industry, the average monthly price growth was -6.62%, and the average quarterly price growth was -17.72%. BKSY experienced the highest price growth at 79.41%, while QNGY experienced the biggest fall at -38.06%.
- 5/24/22 7:00 AM: Kraken Robotics (KRKNF, $0.29) was a top weekly gainer, with a +12.51% jump
- 5/20/22 5:28 AM: Energous (WATT, $1) is a top weekly gainer for penny stocks, rising +19.33%
- 5/19/22 8:24 AM: Vontier (VNT, $27.3) was a top weekly gainer, with a +5.28% jump
The average weekly volume growth across all stocks in the Electronic Equipment/Instruments Industry was 260.45%. For the same stocks of the Industry, the average monthly volume growth was 225.86% and the average quarterly volume growth was 350.13%
- 4/19/22 4:04 AM: The volume for Wrap Technologies stock increased for one day, resulting in a record-breaking daily growth of 577% of the 65-Day Volume Moving Average
- 3/15/22 5:13 AM: The volume for Velodyne Lidar stock increased for a consecutive 5 days, with an average daily gain of 189%
- 3/12/22 7:58 AM: The volume for Velodyne Lidar stock increased for a consecutive 5 days, with an average daily gain of 198%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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