Keysight Technologies updated its fourth quarter 2023 earnings guidance on Thursday, August, 17th. The company provided earnings per share (EPS) guidance of $1.83-$1.89 for the period, compared to the consensus estimate of $1.99. The company issued revenue guidance of $1.29 billion-$1.31 billion, compared to the consensus revenue estimate of $1.39 billion. Keysight Technologies saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 2,530,000 shares, a decline of 32.9% from the August 15th total of 3,770,000 shares. Based on an average daily trading volume, of 1,290,000 shares, the short-interest ratio is presently 2.0 days.
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- The company offers product support, technical support, and training and consulting services.
- The company will be divided into five main business lines that report directly to her.
- As it is, world oil demand is “scaling record highs” due to strong summer air travel and power generation, according to the International Energy Agency in its August report.
The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. As it is, world oil demand is “scaling record highs” due to strong summer air travel and power generation, according to the International Energy Agency in its August report. While the IEA expects global oil demand to hit 102.2 million barrels a day this year, supply has already fallen to 100.9 million barrels a day in July — indicating a shortfall.
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The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. The scores are based on the trading styles of Value, Growth, https://1investing.in/ and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score.
Analyst Brett Knoblauch rates the stock an overweight and has a $8.60 price target. The stock tumbled as much as 13% on Wednesday after CBS News Pittsburgh reported that a woman said a medical device that stimulates her brain stopped working after she was scanned by security at PNC Park ahead of a Pittsburgh Pirates baseball game. Cantor Fitzgerald said it sees a pullback in Evolv Technologies stock as an “attractive opportunity” to buy shares of the security screening device manufacturer. August’s core inflation print in the consumer price index increased 0.3% and 4.3% respectively, against estimates for 0.2% and 4.3%. Federal Reserve officials focus more on the core number as it provides a better indication of where inflation is heading over the long term.
Some upgrades to the latest iPhone model could be a positive for certain semiconductor and connectivity stocks, according to KeyBanc Capital Markets. Google-parent Alphabet shares were higher by 0.7% in afternoon trading. Equities have historically posted returns during the gaps between government funding, Schlossberg noted. However, he added that the event could be yet another catalyst that could spark increased volatility and weakness in stocks, “given the underlying vulnerabilities we see in the broader economy.”
These Are the ONLY 3 Tech Stocks to Consider in August 2023
Chip designer Arm is set to begin trading Thursday in the year’s biggest IPO. The return of new listings would be a boon for Goldman Sachs, which is more reliant on investment banking. The Dow Jones Industrial Average is falling for a second day, with almost 57% of the 30 stocks in the average declining, led by 3M, down 5.9%, Caterpillar, off 2.7% and Dow Inc., lower by 1.7%. Another four stocks (Salesforce, Boeing, Merck and Amgen) were all sliding more than 1%.
Brent futures are up about 5% this year while US WTI futures are up about 8% so far. Get this delivered to your inbox, and more info about our products and services. United Airlines and Southwest Airlines were each down by more than 2%. The stock was little-changed Wednesday morning, trading just 0.1% higher. Tech giant Intel is currently the most extended Dow stock, according to research firm Bespoke Investment Group. Investors have been bullish on the tech company amid the AI and semiconductor rally.
11 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for Keysight Technologies in the last year. There are currently 1 sell rating, 2 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should “moderate buy” KEYS shares. We trim our fair value estimate for wide-moat Keysight Technologies to $170 per share, from $175, after fiscal fourth-quarter guidance missed our expectations.
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Saudi Arabia and Russia said the supply cuts are aimed at maintaining stability and balance in the oil markets. Analysts think inflation could stay at higher levels for longer, after a decision by Saudi Arabia and Russia to extend oil production cuts until the end of this year sent prices soaring. Core CPI, excluding food and energy, rose 0.3% on a monthly basis in August, slightly ahead of the 0.2% increase expected by economists polled by Dow Jones. Fraser said the move would reduce management layers and accelerate decisions. The company will be divided into five main business lines that report directly to her.
According to 11 analysts, the average rating for KEYS stock is “Buy.” The 12-month stock price forecast is $177.0, which is an increase of 32.96% from the latest price. Samuel O’Brient has been covering financial markets and analyzing economic policy for three-plus years. His areas of expertise involve electric vehicle (EV) stocks, green energy and NFTs. O’Brient loves helping everyone understand the complexities of economics. Eyes are still on the blockbuster Arm IPO, with investors expecting pricing for the offering on Wednesday and trading to start in New York on Thursday. The Softbank-backed British chip designer has opted to accept backing at the top end of its range ($47-$51 a share) or above, according to Reuters sources.
The analyst called the adoption of Wi-Fi 6E “moderately positive” for both Broadcom and Skyworks, while two new 5G should benefit these names, along with Qorvo. He also sees the content growth of antenna tuners and share gains over Broadcom as another slight positive for Qorvo. Goldman Sachs shares rose more than 1% in afternoon trading, making it the second-best performing stock in the Dow Jones Industrial Average.
BP — Shares rose more than 1% before the open one day after BP CEO Bernard Looney resigned a little more than three years after assuming the post. Shares are down more than 7% year to date, amid a undervalued growth stock screener broader 14.8% decline over the last 12 months. Blackstone should have a good 2024 thanks to the likelihood it will improve its private net wealth flows, Bank of America said in a note Wednesday.
Keysight Technologies is a leader in the field of testing and measurement, helping electronics OEMs and suppliers alike bring products to market to fit industry standards and specifications. Keysight specializes in the communications market, but also supplies into the government, automotive, industrial, and semiconductor manufacturing markets. Keysight’s solutions include testing tools, analytical software, and services. The firm’s stated objective is to reduce time to market and improve efficiency at its more than 30,000 customers.
Apple is also in focus after its launch of the iPhone 15 and as China flagged “security incidents” with the smartphone on Wednesday. Officials denied China was moving to curb the use of iPhones in government departments and state-owned companies following reports that helped drive a slide in Apple’s stock. Keysight Technologies declared that its board has initiated a share buyback program on Monday, November 22nd 2021, which allows the company to buyback $1,200,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 3.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued. The technique has proven to be very useful for finding positive surprises.
At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year. These returns cover a period from January 1, 1988 through July 31, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return.
Keysight Introduces High Density Source Measure Unit to Speed Semiconductor Characterization
Dividend yield allows investors, particularly those interested in dividend-paying stocks,
to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price. U.S. Treasury yields were higher on Wednesday as investors awaited the release of the latest consumer price index, which could provide hints about the outlook for Federal Reserve interest rate policy. Ford — Shares of the automaker rose 1.5% premarket after UBS analyst Joseph Spak initiated research coverage with a buy rating and a $15 price target implying 21% upside.
- Keysight Technologies updated its fourth quarter 2023 earnings guidance on Thursday, August, 17th.
- Well, Novo Nordisk is moving ahead with its planned two-for-one stock split, which took effect for B shares trading on the Nasdaq Copenhagen exchange today.
- The Dow Jones Industrial Average fell Wednesday as traders absorbed a hotter-than-expected August core inflation print.
- This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system.
- The stock was little-changed Wednesday morning, trading just 0.1% higher.
The firm initiated coverage of TKO stock on Monday with a buy rating and a $130 price target, saying it could come out ahead of its competitors as U.S. sports rights continue to grow in value. Shares of the media conglomerate started trading this week from the merger of Ultimate Fighting Championship and World Wrestling Entertainment. “As expected, Domino’s announced changes to its loyalty program this morning in conjunction with the start of the fall season and 4Q23,” analyst Peter Saleh said when reiterating his buy rating and top pick call for the pizza chain. “We view this as one of several sales catalysts that should regenerate the company’s prior momentum.”
Its foray into the obesity drug market has proven to be an excellent decision. News of NVO shares splitting on the Nasdaq Copenhagen exchange hasn’t helped NVO stock so far. As of this writing, shares are down 2% for the day after attempting to rally earlier. That said, the stock has been mostly rising all month and has overall performed very well.
After menu improvements and a delivery app launch announcement, Domino’s improved loyalty program offers another reason to like the stock, BTIG said. The manufacturer fell more than 4% in the session, while the blue-chip average shed just 0.4%. Dow, Inc. and Caterpillar were the next worst performers, with both down more than 1%.