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.
KEYS in upward trend: 10-day moving average broke above 50-day moving average on May 23, 2023
The 10-day moving average for KEYS crossed bullishly above the 50-day moving average on May 23, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on May 09, 2023. You may want to consider a long position or call options on KEYS as a result. In of 78 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for KEYS just turned positive on May 08, 2023. Looking at past instances where KEYS's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .
KEYS moved above its 50-day moving average on May 17, 2023 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where KEYS advanced for three days, in of 341 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 337 cases where KEYS Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 12 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 of 62 cases within the following month. The odds of a continued downward trend are .
KEYS broke above its upper Bollinger Band on May 17, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 80, placing this stock 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 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 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 (6.131) is normal, around the industry mean (6.365). P/E Ratio (24.752) is within average values for comparable stocks, (126.684). Projected Growth (PEG Ratio) (2.073) is also within normal values, averaging (1.885). Dividend Yield (0.000) settles around the average of (0.024) among similar stocks. P/S Ratio (5.225) is also within normal values, averaging (108.750).
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a provider of electronic measurement instruments and systems and related software, software design tools and services
Industry ElectronicEquipmentInstruments
KEYS and
Correlation & Price change
A.I.dvisor indicates that over the last year, KEYS has been closely correlated with FTV. These tickers have moved in lockstep 67% of the time. This A.I.-generated data suggests there is a high statistical probability that if KEYS jumps, then FTV could also see price increases.
| Ticker / NAME | Correlation To KEYS | 1D Price Change % | ||
|---|---|---|---|---|
| KEYS | 100% | +0.40% | ||
| FTV - KEYS | 67% Closely correlated | -0.86% | ||
| TRMB - KEYS | 66% Closely correlated | +0.57% | ||
| ST - KEYS | 65% Loosely correlated | +1.17% | ||
| MKSI - KEYS | 62% Loosely correlated | -0.34% | ||
| NOVT - KEYS | 59% Loosely correlated | +0.21% | ||
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