Keysight Technologies Inc. (KEYS) – Monthly Stock Report
Publication Date: September 22, 2024
Company Overview
Keysight Technologies Inc. (NYSE: KEYS), founded in 1939 and headquartered in Santa Rosa, California, is a premier provider in the scientific and technical instruments industry. The company specializes in electronic design and testing solutions, serving diverse sectors such as communications, aerospace, automotive, and energy. Keysight operates through two primary segments: the Communications Solutions Group and the Electronic Industrial Solutions Group. Its offerings include advanced electronic design automation software, measurement instruments, and network security testing tools. With total revenues around $5 billion and a strong market presence, Keysight Technologies is poised for substantial growth, prompting a buy recommendation with a target high price set at $185.
Stock Performance and Analyst Recommendations
Currently trading at $152.42, Keysight’s stock shows positive momentum, surpassing its fifty-day moving average of $141.58. With 173,543,008 shares outstanding and only 1.62% of the float held short (2,156,936 shares), investor confidence appears robust. Analysts offer a favorable outlook with a mean target price of $169.11, and a high target of $185.00. With a consensus recommendation average of 2.2 out of 5, indicating a strong buy sentiment, Keysight Technologies presents itself as an attractive investment opportunity.
Market Trends and Future Prospects
The stock’s performance has been strong, particularly as it approaches its fifty-two-week high of $162.51, underscoring a bullish market sentiment. As trends in technology and electronic testing continue to evolve, Keysight’s innovative solutions and solid financial foundation position the company well to capitalize on future growth opportunities. Investors should consider the potential upside, as current economic dynamics favor continued advancements in technology sectors served by Keysight.
With solid fundamentals and promising forecasts, Keysight Technologies stands out in the market, making it a compelling candidate for investment.
| Metric | Value |
|---|---|
| Market Cap | $26.5b |
| Total Debt | $2.0b |
| Total Cash | $1.6b |
| Shares Outstanding | 173.5m |
| Float Shares | 172.5m |
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