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%.
The 10-day moving average for KEYS crossed bullishly above the 50-day moving average on November 06, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 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 .
The Momentum Indicator moved above the 0 level on November 20, 2024. 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 November 21, 2024. Looking at past instances where KEYS's MACD turned positive, the stock continued to rise in of 50 cases over the following month. The odds of a continued upward trend are .
KEYS moved above its 50-day moving average on November 20, 2024 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 321 cases, the price rose further within the following month. The odds of a continued upward trend are .
The 10-day RSI Indicator for KEYS moved out of overbought territory on November 27, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 48 similar instances where the indicator moved out of overbought territory. In of the 48 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 6 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 November 06, 2024. 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.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding 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 (best 1 - 100 worst), indicating outstanding 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 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 78, 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 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 (7.157). P/E Ratio (28.493) is within average values for comparable stocks, (80.408). 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 (113.612).
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