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's Stochastic Oscillator sits in oversold zone for 3 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 uptrend is expected.
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Industry description
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.
Market Cap
The average market capitalization across the Electronic Equipment/Instruments Industry is 5.53B. The market cap for tickers in the group ranges from 27.54K to 109.85B. KYCCF holds the highest valuation in this group at 109.85B. The lowest valued company is CSEC at 27.54K.
High and low price notable news
The average weekly price growth across all stocks in the Electronic Equipment/Instruments Industry was 1%. For the same Industry, the average monthly price growth was 4%, and the average quarterly price growth was 8%. SIGL experienced the highest price growth at 50%, while GWSO experienced the biggest fall at -76%.
Volume
The average weekly volume growth across all stocks in the Electronic Equipment/Instruments Industry was 9%. For the same stocks of the Industry, the average monthly volume growth was 4% and the average quarterly volume growth was 32%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 55
P/E Growth Rating: 61
Price Growth Rating: 57
SMR Rating: 79
Profit Risk Rating: 80
Seasonality Score: 4 (-100 ... +100)