Keysight Technologies posted adjusted earnings of $2.01 per share for the third quarter, surpassing the consensus expectations of $1.79.
Revenue came in at $1.38 billion, beating the Street expectations of $1.34 billion. Growth was +10% year-over-year, and +13% on a core basis. The company’s revenue from Communications Solutions Group grew +11% from the year-ago quarter, on the back of solid performance of 5G, O-RAN, 400G, 800G, and high-speed digital applications, and cyber, space and satellite solutions.
Orders climbed +12% year-over-year to $1.46 billion, or +14% on a core basis.
For full fiscal year 2022, Keysight is expecting revenue growth to be approach 9%. It projects non-GAAP earnings per share growth at +20%.
KEYS saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on April 15, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 51 instances where the indicator turned negative. In of the 51 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
The Momentum Indicator moved below the 0 level on April 12, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on KEYS as a result. In of 78 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
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 Indicator demonstrates that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 4 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