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Keysight Technologies Inc (KEYS)

Upturn stock ratingUpturn stock rating
$149.84
Delayed price
upturn advisory
PASS
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
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Upturn Advisory Summary

03/11/2025: KEYS (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

AI Based Fundamental Rating

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Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Analysis of Past Performance

Type Stock
Historic Profit -19.32%
Avg. Invested days 44
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 03/11/2025

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 25.98B USD
Price to earnings Ratio 42.95
1Y Target Price 184.86
Price to earnings Ratio 42.95
1Y Target Price 184.86
Volume (30-day avg) 1247562
Beta 1.1
52 Weeks Range 119.72 - 186.20
Updated Date 03/30/2025
52 Weeks Range 119.72 - 186.20
Updated Date 03/30/2025
Dividends yield (FY) -
Basic EPS (TTM) 3.5

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 12.18%
Operating Margin (TTM) 17.57%

Management Effectiveness

Return on Assets (TTM) 5.75%
Return on Equity (TTM) 12.22%

Valuation

Trailing PE 42.95
Forward PE 21.28
Enterprise Value 25938604569
Price to Sales(TTM) 5.18
Enterprise Value 25938604569
Price to Sales(TTM) 5.18
Enterprise Value to Revenue 5.17
Enterprise Value to EBITDA 21.85
Shares Outstanding 172811008
Shares Floating 171737361
Shares Outstanding 172811008
Shares Floating 171737361
Percent Insiders 0.59
Percent Institutions 93.87

Analyst Ratings

Rating 4.17
Target Price 180.43
Buy 5
Strong Buy 5
Buy 5
Strong Buy 5
Hold 1
Sell 1
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

Keysight Technologies Inc

stock logo

Company Overview

History and Background

Keysight Technologies, Inc. was founded in 1939 as Hewlett-Packard's test and measurement division. It became Agilent Technologies in 1999 and was spun off as Keysight Technologies in 2014. The company has a long history of innovation in electronic measurement technology.

Core Business Areas

  • Communications Solutions Group: Provides test and measurement solutions for the communications industry, including wireless, wireline, and aerospace/defense applications. Focuses on network infrastructure, device manufacturing, and R&D.
  • Electronic Industrial Solutions Group: Offers test and measurement solutions for the electronics, automotive, energy, and general-purpose markets. Focuses on electronic design, manufacturing, and validation.
  • Services Solutions Group: Provides support, repair, calibration, and consulting services to Keysight customers. Also offers software and solutions.

Leadership and Structure

Satish Dhanasekaran is the President and CEO. Keysight Technologies operates with a functional organizational structure, with groups focused on specific industries and product lines.

Top Products and Market Share

Key Offerings

  • Oscilloscopes: Keysight offers a wide range of oscilloscopes for various applications. Competitors include Tektronix (owned by Fortive), Rohde & Schwarz. Market share is significant but varies by oscilloscope type.
  • Signal Generators: Keysight's signal generators are used in R&D and manufacturing for generating various test signals. Competitors include Rohde & Schwarz, Anritsu. Market share is significant but varies by product and segment.
  • Network Analyzers: Keysight's network analyzers are critical for characterizing high-frequency electronic circuits and systems. Competitors include Rohde & Schwarz, Anritsu, and Copper Mountain Technologies. Market share is significant but varies by frequency range and application.

Market Dynamics

Industry Overview

The test and measurement industry is driven by technological advancements in electronics, wireless communications, and automotive, defense and semiconductor industries. There is a demand for more accurate and reliable testing equipment. Growth in key areas such as 5G, electric vehicles, and data centers are fuelling growth for measurement solutions.

Positioning

Keysight is positioned as a leading provider of advanced test and measurement solutions, offering high-performance equipment and software. Their strengths are technical innovation, a broad product portfolio and long-standing relationships with top-tier customers.

Total Addressable Market (TAM)

The total addressable market for electronic test and measurement equipment is estimated to be in the tens of billions of dollars. Keysight is well-positioned to capture a significant share of this market with its diverse product portfolio.

Upturn SWOT Analysis

Strengths

  • Technological leadership
  • Broad product portfolio
  • Strong brand reputation
  • Global presence
  • High-quality customer service

Weaknesses

  • High product prices
  • Complexity of product features
  • Dependence on specific industries
  • Lengthy sales cycles

Opportunities

  • Growth in 5G and wireless technologies
  • Increasing demand for electric vehicles
  • Expansion of data centers
  • Adoption of Industry 4.0
  • Rising defense expenditure

Threats

  • Economic downturns
  • Intense competition
  • Technological obsolescence
  • Supply chain disruptions
  • Fluctuations in foreign exchange rates

Competitors and Market Share

Key Competitors

  • KEYS
  • KEYS
  • ROHDE&SCHWARZ
  • FORTIVE (FTV)
  • ANRITSU (6754.T)

Competitive Landscape

Keysight faces competition from established players and emerging companies. Their competitive advantage lies in technological leadership and a strong brand reputation. As mentioned above, Rohde and Schwarz and Anritsu are private and foreign owned, respectively. Therefore no market share can be attributed. In addition the private ownership means they are not as reliant on economic conditions.

Major Acquisitions

Ixia

  • Year: 2017
  • Acquisition Price (USD millions): 1600
  • Strategic Rationale: Expanded Keysight's portfolio in network testing and visibility.

Eggplant

  • Year: 2020
  • Acquisition Price (USD millions): 330
  • Strategic Rationale: Enhanced Keysight's software test automation capabilities.

Growth Trajectory and Initiatives

Historical Growth: Keysight has experienced moderate revenue growth over the past decade, with fluctuations depending on economic cycles.

Future Projections: Analysts project continued revenue growth for Keysight, driven by key segments like 5G and automotive. This will be achieved either via acquisitions or simply just riding the market growth.

Recent Initiatives: Recent initiatives include acquisitions to expand product offerings, and investments in R&D to develop advanced measurement solutions.

Summary

Keysight Technologies is a well-established player in the test and measurement industry with solid financials and a strong portfolio. They are well-positioned to benefit from growth trends in 5G, automotive, and data centers. However, competition is intense, and they need to remain agile to adapt to rapid technological changes, as well as the external forces of an evolving economic climate. The company's organic-first approach may prove to be more volatile than other competitors.

Similar Companies

  • FTV
  • NI
  • TEK
  • KEYS
  • ANRITSU

Sources and Disclaimers

Data Sources:

  • Company SEC Filings (10-K, 10-Q)
  • Company Investor Relations
  • Industry Reports
  • Analyst Reports
  • Bloomberg

Disclaimers:

The data and analysis provided are for informational purposes only and should not be considered financial advice. Market share data is based on estimates and may vary.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Keysight Technologies Inc

Exchange NYSE
Headquaters Santa Rosa, CA, United States
IPO Launch date 2014-11-03
President, CEO & Director Mr. Satish C. Dhanasekaran
Sector Technology
Industry Scientific & Technical Instruments
Full time employees 15400
Full time employees 15400

Keysight Technologies, Inc. offers electronic design and test solutions worldwide. It operates in two segments, Communications Solutions Group and Electronic Industrial Solutions Group. It offers oscilloscopes; electronic design automation software; instrument measurement software, instrument workflow software, application software testing, keysight instrument control software and connectivity, and software testing; modular instruments; digital multimeter, phase noise measurement, power meters and power sensors, counters, LCR meters and impedance measurement products, and electrometers; spectrum, logic, noise figure, and network analyzers; and protocol analyzers and exercisers, bit error ratio testers, AC and DC power analyzers, materials test equipment, device current waveform analyzers, and curve tracers. It also provides signal, waveform, and function generators; arbitrary waveform generators, DC power supplies, and DC electronic loads; wireless drive test, radio access and core network test, wireless analyzers, wireless network emulators, channel emulation, and over-the-air test; application and threat intelligence, cloud test, 5G NR base station test, cyber training simulator, network test hardware, protocol and load test, network security test, and network modeling; bypass switches, cloud visibility and synchronization, network and application monitoring, network packet brokers and taps; and application-specific test systems, in-circuit test systems, parametric test, laser interferometers and calibration systems, monolithic laser combiners and precision optics, photonic test and measurement products, MMIC millimeter-wave and microwave devices, and accessories. In addition, it offers product support, technical and application support, installation, training, engineering, and integration services. The company was founded in 1939 and is headquartered in Santa Rosa, California.

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