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 saw its Momentum Indicator move below the 0 level on April 12, 2024. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 78 similar instances where the indicator turned negative. In of the 78 cases, the stock moved further down in the following days. The odds of a decline are at .
The Moving Average Convergence Divergence Histogram (MACD) for KEYS turned negative on April 15, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 51 similar instances when the indicator turned negative. In of the 51 cases the stock turned lower in the days that followed. This puts the odds of success at .
KEYS moved below its 50-day moving average on April 15, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for KEYS crossed bearishly below the 50-day moving average on April 19, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
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 of 62 cases within the following month. The odds of a continued downward trend are .
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where KEYS's RSI Indicator exited the oversold zone, of 25 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 7 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where KEYS advanced for three days, in of 329 cases, the price rose further within the following month. The odds of a continued upward trend are .
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 Aroon Indicator entered an Uptrend today. In of 340 cases where KEYS Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Tickeron PE Growth Rating for this company is (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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 81, placing this stock slightly better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable 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 Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. KEYS’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (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 (5.618) is normal, around the industry mean (7.019). P/E Ratio (28.493) is within average values for comparable stocks, (78.755). Projected Growth (PEG Ratio) (2.997) is also within normal values, averaging (2.167). Dividend Yield (0.000) settles around the average of (0.022) among similar stocks. P/S Ratio (5.165) is also within normal values, averaging (104.934).
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a provider of electronic measurement instruments and systems and related software, software design tools and services
Industry ElectronicEquipmentInstruments