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Keysight (KEYS) Moves 4.3% Higher: Will This Strength Last?
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Keysight (KEYS - Free Report) shares ended the last trading session 4.3% higher at $182.96. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 0.1% gain over the past four weeks.
The surge in shares could be attributed to the recent release of Quantum System Analysis, a breakthrough Electronic Design Automation (EDA) solution that enables quantum engineers to simulate the quantum workflow, from initial design stages to system-level experiments, reducing reliance on costly cryogenic testing and accelerating time-to-validation. This new capability marks a significant expansion of Keysight’s Quantum EDA portfolio.
Keysight boasts of a robust 5G portfolio. The company’s 5G product design validation solutions, ranging from Layer 1 to 7, enable telecom and semiconductor companies to accelerate their 5G initiatives. Further, Keysight’s 5G network emulation solutions facilitate end-to-end processes from development to deployment, accelerating the 5G device architecture. The solutions offer cost-efficient test techniques with high flexibility and control capabilities, reducing time-to-market. The company is expected to benefit from the growing proliferation of electronic content in vehicles, momentum in space and satellite applications, and rising adoption of driver-assistance systems globally.
This electronic measurement technology company is expected to post quarterly earnings of $1.83 per share in its upcoming report, which represents a year-over-year change of +10.9%. Revenues are expected to be $1.38 billion, up 7.2% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Keysight, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on KEYS going forward to see if this recent jump can turn into more strength down the road.
Keysight is a member of the Zacks Electronics - Measuring Instruments industry. One other stock in the same industry, Camtek (CAMT - Free Report) , finished the last trading session 0.2% lower at $123.82. CAMT has returned 5.6% over the past month.
Camtek's consensus EPS estimate for the upcoming report has changed +0.4% over the past month to $0.8. Compared to the company's year-ago EPS, this represents a change of +6.7%. Camtek currently boasts a Zacks Rank of #3 (Hold).
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Keysight (KEYS) Moves 4.3% Higher: Will This Strength Last?
Keysight (KEYS - Free Report) shares ended the last trading session 4.3% higher at $182.96. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 0.1% gain over the past four weeks.
The surge in shares could be attributed to the recent release of Quantum System Analysis, a breakthrough Electronic Design Automation (EDA) solution that enables quantum engineers to simulate the quantum workflow, from initial design stages to system-level experiments, reducing reliance on costly cryogenic testing and accelerating time-to-validation. This new capability marks a significant expansion of Keysight’s Quantum EDA portfolio.
Keysight boasts of a robust 5G portfolio. The company’s 5G product design validation solutions, ranging from Layer 1 to 7, enable telecom and semiconductor companies to accelerate their 5G initiatives. Further, Keysight’s 5G network emulation solutions facilitate end-to-end processes from development to deployment, accelerating the 5G device architecture. The solutions offer cost-efficient test techniques with high flexibility and control capabilities, reducing time-to-market. The company is expected to benefit from the growing proliferation of electronic content in vehicles, momentum in space and satellite applications, and rising adoption of driver-assistance systems globally.
This electronic measurement technology company is expected to post quarterly earnings of $1.83 per share in its upcoming report, which represents a year-over-year change of +10.9%. Revenues are expected to be $1.38 billion, up 7.2% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Keysight, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on KEYS going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Keysight is a member of the Zacks Electronics - Measuring Instruments industry. One other stock in the same industry, Camtek (CAMT - Free Report) , finished the last trading session 0.2% lower at $123.82. CAMT has returned 5.6% over the past month.
Camtek's consensus EPS estimate for the upcoming report has changed +0.4% over the past month to $0.8. Compared to the company's year-ago EPS, this represents a change of +6.7%. Camtek currently boasts a Zacks Rank of #3 (Hold).