Is Keysight Technologies Inc KEYS Stock a Good Value Monday?

Highlights important summary options statistics to provide a forward looking indication of investors’ sentiment. What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.35%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.36%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.28%. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Sign-up to receive the latest news and ratings for Keysight Technologies and its competitors with MarketBeat’s FREE daily newsletter. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

• «A re-acceleration of deposit outflows would end the current intra-quarter bank stock bounce,» Graseck added.
• That low volume underscores the typical calm-before-the-storm period seen early in weeks with a Fed meeting on the docket.
• The stock is on track to rise 12 consecutive days, roaring more than 35% over this period, according to Dow Jones Market Data.
• Monday’s gains came after the S&P 500 entered a bull market last week and closed at its highest level since August 2022 while the Nasdaq continued a streak of seven-straight winning weeks.

Keysight Technologies Inc (KEYS) is near the top in its sector according to InvestorsObserver. Keysight Technologies Inc gets a 82 rank in the Technology sector. One share of KEYS stock can currently be purchased for approximately $161.57.

Key Stock Data

To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. After submitting your request, you will receive an activation email to the requested email address. You must click the activation link in order to complete your subscription. The test equipment manufacturer offered a healthy outlook, pushing up its shares. In 2022, KEYS’s revenue was $5.42 billion, an increase of 9.69% compared to the previous year’s $4.94 billion. The S&P 500 entering a bull market has left Wall Street’s top strategists split on the way forward.

After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study. For example, a price above its moving average is generally considered an upward trend or a buy. Keysight Technologies updated its third quarter earnings guidance on Tuesday, May, 16th. The company provided earnings per share (EPS) guidance of $2.00-$2.06 for the period, compared to the consensus earnings per share estimate of $1.96. The company issued revenue guidance of $1.37-$1.39 billion, compared to the consensus revenue estimate of $1.39 billion.

KEYS Related stocks

Investors will watch Wednesday’s announcement and press conference for any changes to the path of interest rate hikes and commentary from Fed Chair Jerome Powell around the state of the economy and future monetary policy. Tuesday’s inflation data could help reinforce the case that inflation is subsiding, as economists expect the consumer price index to show inflation dropping to a 4% annual rate in May. The S&P 500 jumped to its highest level in 13 months on Monday as traders hoped the Federal Reserve will skip hiking rates when the central bank decides on policy Wednesday. On Monday, Japan’s producer price index and China’s new yuan loans are scheduled to be released. Indonesia’s consumer confidence, Malaysia’s retail sales and India’s industrial production and inflation rates will be published as well.

Despite the software company’s recent share price surge, JPMorgan is getting more bullish on Oracle ahead of earnings. «Petrobras remains as an undervalued stock generating substantial» free cash flow, wrote analysts led by Rodolfo Angele. The stock sells for 2.5x EV/EBITDA based on 2023 estimates with a free cash flow yield of 27%, while global oil majors sell for 4.8x and 14%, respectively.

Keysight Expands Novus Portfolio with Compact Network Test Solution for Automotive and Industrial IoT

The firm’s new price target of $130 implies shares rallying 18.3% from where they closed on Friday. Evercore ISI upgraded AutoZone to outperform from in line on Monday, saying it sees the stock’s 6% decline since its May 23 earnings report as an attractive entry point. The Wall Street firm also raised its price target to $2,700 from $2,640, suggesting more than 14% upside from Friday’s close.

It’s a relatively quiet day on Wall Street as investors look to the Federal Reserve meeting set for the middle of the week. The central bank will ultimately decide to skip a rate hike for June, according to Certuity co-chief investment officer Dylan Kremer, but the Fed likely isn’t done raising rates overall. JPMorgan also hiked its Oracle price target ahead of the report, raising it to 109. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.

Piper Sandler highlights its top technology stocks

MSFT was far from the strongest performer on the Dow Jones today. Intel (INTC) led the upside with a nearly 5% lift while Boeing (BA) rose almost 2%. Growth stocks excelled though, with the Innovator IBD 50 ETF (FFTY) popping over 1%. Keysight Technologies Inc. closed $27.88 below its 52-week high ($189.45), which the company reached on December 13th. If you are no longer interested in Keysight Technologies, you can use our free platform to see our list of over 50 other stocks with a high growth potential.

• The Dow Jones Industrial Average gained as Microsoft (MSFT) rose amid a merger report.
• Separately, China’s Securities Daily cited economists expecting the central bank to take monetary easing measures by cutting the medium-term lending facility rate by 5 to 10 basis points on Thursday.
• «Our entire call is based on increased confidence and conviction that [Oracle Cloud Infrastructure] will become the engine that accelerates top- and bottom-line growth for the company over the next three years,» Zukin wrote in a Sunday note.
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• Data may be intentionally delayed pursuant to supplier requirements.

Brazil’s Petrobras was upgraded to overweight from neutral at JPMorgan on Monday, attracting its second upgrade in less than a week after Morgan Stanley made a similar move last Wednesday. JPMorgan raised its yearend 2023 price target on the oil stock’s ADRs by 35% to $15.50 from $11.50 previously, representing almost 13% upside to Friday’s close. Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares.

The Wall Street Journal

U.S. stocks traded mostly higher, with the Dow Jones gaining around 100 points on Wednesday. Here are some big stocks recording gains in today’s session. A sharp acceleration in revenue and earnings growth makes this stock a top 5G pick.

The bear may have not yet bid farewell from the stock market, according to Morgan Stanley strategist Mike Wilson. Technology stocks connected to artificial intelligence have surged this as enthusiasm for these tools gains steam. But Needham sees five specific big technology names as the biggest winners in the race. The S&P 500 last week reached a significant milestone, gaining more than 20% off its October low. The move caused many investors to signal the bear market is over.

Keysight (KEYS) Q2 Earnings Beat Estimates on Solid Revenues

Oracle has shown impressive relative strength since breaking out from a 91.22 entry in late March. ORCL stock has made excellent progress since then, finding support at the 21-day exponential moving average along the way. Results from Oracle are due after the close, but it jumped ahead of the report following a bullish analyst call. And he could not resist mocking storied investor Bill Miller on Twitter. The stock is on track to rise 12 consecutive days, roaring more than 35% over this period, according to Dow Jones Market Data. That makes it Tesla’s longest win streak and the best 12-day stretch since February 2023, when it made a 36.3% run.

Morgan Stanley’s Michael Wilson, meanwhile, points instead to the bear market of the 1940s, when the S&P 500 rallied 24% before returning to a new low. The Bank of Japan is likely to maintain its ultra-easy monetary policy when it meets later this week, Reuters reported. He reiterated his confidence in the economy reaching the government-set full-year growth target of about 5%. UBS said Monday it expected «significant» restructuring charges and Credit Suisse operating losses to be offset by reductions in risk-weighted assets. UBS shares rose 1.1% after the Swiss bank said it had completed the takeover of its former domestic rival Credit Suisse. The bank said SentinelOne has inherent value as a «long-term share gainer» with the potential for meaningful margin upside.

The company was founded in 2014 and is headquartered in Santa Rosa, CA. The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals. Unique to Barchart.com, https://forexarticles.net/fintech-software-development/ Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods. Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating.