Keysight: Q3 Marks An Inflection Point, But Valuation Is Tight
Keysight Technologies is a company that provides electronic design and test instruments, and being one of the world leaders in this sector. For the first time since 2023, the company reported year-over-year growth in orders. An inflection point could have been reached. The price quickly adjusted to this positive news in after hours. At $140 USD per share (fwd P/E of 20) it would seem like a buying opportunity to me.
Keysight Technologies Stock Soars as Orders Show Resilience
Shares of Keysight Technologies (KEYS) jumped nearly 14%, the best performance of any S&P 500 stock on Wednesday, following a strong quarterly earnings report.
Why Keysight Technologies Stock Is Surging Today
Keysight beat sales and earnings expectations in fiscal Q3. Revenue slumped by double digits, but margins were better than anticipated.
Keysight (KEYS) Q3 Earnings Beat Estimate Despite Lower Revenues
Keysight (KEYS) reports a top-line contraction year over year in the third quarter of fiscal 2024, owing to soft demand trends in several verticals.
Keysight Q3: Order Recovery Is Encouraging
Keysight Technologies showed new order growth in Q3, indicating a bottoming out of the cycle. Growth driven by strong performance in commercial communications and AI investments in data centers. The acquisition of Spirent Communications and focus on software and services are expected to enhance strength in 5G and other markets.
Keysight shares rally on forecast as executives point to ‘stable' backdrop
Shares of Keysight Technologies Inc. rallied after hours on Tuesday after the tech-services provider offered a fiscal fourth-quarter forecast that came in above Wall Street's expectations, helped by a “stable” backdrop for tech spending.
Keysight Technologies, Inc. (KEYS) Q3 2024 Earnings Call Transcript
Keysight Technologies, Inc. (NYSE:KEYS ) Q3 2024 Earnings Conference Call August 20, 2024 4:30 PM ET Company Participants Jason Kary - Vice President, Treasurer and Investor Relations Satish Dhanasekaran - President and Chief Executive Officer Neil Dougherty - Executive Vice President and Chief Financial Officer Mark Wallace - Senior Vice President, Global Sales Chief Customer Officer Conference Call Participants Mark Delaney - Goldman Sachs Aaron Rakers - Wells Fargo Michael Allen - Deutsche Bank David Ridley-Lane - Bank of America Meta Marshall - Morgan Stanley Mehdi Hosseini - SIG Adam Thalhimer - Thomas Davis Rob Jameson - Vertical Research Partners Priyanka Thapa - JPMorgan Operator Good day, ladies and gentlemen, and welcome to Keysight Technologies Fiscal Third Quarter 2024 Earnings Conference Call. My name is Sierra, and I'll be your lead operator for today.
Here's What Key Metrics Tell Us About Keysight (KEYS) Q3 Earnings
Although the revenue and EPS for Keysight (KEYS) give a sense of how its business performed in the quarter ended July 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Keysight (KEYS) Surpasses Q3 Earnings and Revenue Estimates
Keysight (KEYS) came out with quarterly earnings of $1.57 per share, beating the Zacks Consensus Estimate of $1.35 per share. This compares to earnings of $2.19 per share a year ago.
Keysight Technologies beats third-quarter results estimates on higher orders
Electronic equipment maker Keysight Technologies beat third-quarter revenue and profit estimates on Tuesday, on securing higher orders, sending its shares up 10% in aftermarket trading.
Wall Street's Insights Into Key Metrics Ahead of Keysight (KEYS) Q3 Earnings
Evaluate the expected performance of Keysight (KEYS) for the quarter ended July 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Will Top-Line Contraction Dent Keysight's (KEYS) Q3 Earnings?
Keysight (KEYS) is expected to report a top-line decline year over year owing to weakness in the consumer electronics and semiconductor sector.
