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Keysight Technologies (KEYS, $140.25) Q2 results beat Zacks consensus expectations
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 +9.8% to $963 million in revenues. The Electronic Industrial Solutions Group was up +12.8% to $388 million on the back of automotive and semiconductor solutions.
For the third quarter of fiscal 2022, Keysight projects revenues in the range of $1,330-$1,350 million. The company expects non-GAAP earnings between $1.74 and $1.80 per share.
Aroon Indicator for KEYS shows an upward move is likely
KEYS's Aroon Indicator triggered a bullish signal on June 15, 2022. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 342 similar instances where the Aroon Indicator showed a similar pattern. In 238 of the 342 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at 70%.
Current price $137.81 crossed the support line at $135.15 and is trading between $217.82 support and $135.15 support lines. Throughout the month of 05/26/22 - 06/29/22, the price experienced a -2% Downtrend, while the week of 06/22/22 - 06/29/22 shows a +2% Uptrend.
The Momentum Indicator moved above the 0 level on June 27, 2022. You may want to consider a long position or call options on KEYS as a result. In 53 of 80 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 66%.
The Moving Average Convergence Divergence (MACD) for KEYS just turned positive on June 27, 2022. Looking at past instances where KEYS's MACD turned positive, the stock continued to rise in 33 of 48 cases over the following month. The odds of a continued upward trend are 69%.
Following a +3.67% 3-day Advance, the price is estimated to grow further. Considering data from situations where KEYS advanced for three days, in 237 of 354 cases, the price rose further within the following month. The odds of a continued upward trend are 67%.
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 has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
KEYS moved below its 50-day Moving Average on June 28, 2022 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 June 16, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 4 of 14 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 29%.
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%.
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 70%. During the last month, the daily ratio of advancing to declining volumes was 1.33 to 1.
The Tickeron Profit vs. Risk Rating rating for this company is 14 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 78, placing this stock better than average.
The Tickeron PE Growth Rating for this company is 55 (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 58 (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 SMR rating for this company is 73 (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 76 (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 (6.605) is normal, around the industry mean (4.662). P/E Ratio (25.126) is within average values for comparable stocks, (107.308). Projected Growth (PEG Ratio) (1.583) is also within normal values, averaging (1.643). Dividend Yield (0.000) settles around the average of (0.034) among similar stocks. P/S Ratio (4.978) is also within normal values, averaging (96.856).
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 4B. The market cap for tickers in the group ranges from 470.7K to 83.9B. KYCCF holds the highest valuation in this group at 83.9B. The lowest valued company is SIGL at 470.7K.
The average weekly price growth across all stocks in the Electronic Equipment/Instruments Industry was -0.36%. For the same Industry, the average monthly price growth was -4.18%, and the average quarterly price growth was -18.5%. SPEC experienced the highest price growth at 77.68%, while QURT experienced the biggest fall at -27.59%.
The average weekly volume growth across all stocks in the Electronic Equipment/Instruments Industry was -5.61%. For the same stocks of the Industry, the average monthly volume growth was -56.15% and the average quarterly volume growth was -13.03%
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 Volume 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 1.06 to 1.
27 stocks in the group of tickers confirmed the positive outlook based on the RSI indicator with average odds of 79%.
The average market capitalization across the group is 4.3B. The market cap for tickers in the group ranges from 0 to 83.9B. KYCCF holds the highest valuation in this group at 83.9B. The lowest valued company is SLNHP at 0.
The average weekly price growth across all stocks in the group was -0.15%. For the same group, the average monthly price growth was -5.46%, and the average quarterly price growth was -30.44%. DSGT experienced the highest price growth at 66.67%, while QURT experienced the biggest fall at -27.59%.
- 6/28/22 5:38 AM: Cognex (CGNX, $45.47) was a top weekly gainer, with a +5.82% jump
- 6/25/22 5:10 AM: Focus Universal (FCUV, $13.51) was a top loser this week, declining -6.44%
- 6/25/22 5:09 AM: MKS Instruments (MKSI, $105.91) was a top weekly gainer, with a +5.53% jump
The average weekly volume growth across all stocks in the group was 16.48%. For the same stocks of the group, the average monthly volume growth was 127.82% and the average quarterly volume growth was 412.77%
- 6/30/22 5:11 AM: The volume for DSG Global stock increased for two consecutive days, resulting in a record-breaking daily growth of 269% of the 65-Day Volume Moving Average
- 6/29/22 4:24 AM: The volume for DSG Global stock increased for one day, resulting in a record-breaking daily growth of 339% of the 65-Day Volume Moving Average
- 6/28/22 5:29 AM: The volume for Wrap Technologies stock increased for two consecutive days, resulting in a record-breaking daily growth of 2,350% of the 65-Day Volume Moving Average
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 4B. The market cap for tickers in the group ranges from 470.7K to 83.9B. KYCCF holds the highest valuation in this group at 83.9B. The lowest valued company is SIGL at 470.7K.
The average weekly price growth across all stocks in the Electronic Equipment/Instruments Industry was -0.36%. For the same Industry, the average monthly price growth was -4.18%, and the average quarterly price growth was -18.5%. SPEC experienced the highest price growth at 77.68%, while QURT experienced the biggest fall at -27.59%.
- 6/28/22 5:38 AM: Cognex (CGNX, $45.47) was a top weekly gainer, with a +5.82% jump
- 6/25/22 5:10 AM: Focus Universal (FCUV, $13.51) was a top loser this week, declining -6.44%
- 6/25/22 5:09 AM: MKS Instruments (MKSI, $105.91) was a top weekly gainer, with a +5.53% jump
The average weekly volume growth across all stocks in the Electronic Equipment/Instruments Industry was -5.61%. For the same stocks of the Industry, the average monthly volume growth was -56.15% and the average quarterly volume growth was -13.03%
- 6/30/22 5:11 AM: The volume for DSG Global stock increased for two consecutive days, resulting in a record-breaking daily growth of 269% of the 65-Day Volume Moving Average
- 6/29/22 4:24 AM: The volume for DSG Global stock increased for one day, resulting in a record-breaking daily growth of 339% of the 65-Day Volume Moving Average
- 6/28/22 5:29 AM: The volume for Wrap Technologies stock increased for two consecutive days, resulting in a record-breaking daily growth of 2,350% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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