Buy This Under-the-Radar 5G Stock Before It Flies Higher
Keysight Technologies (NYSE: KEYS) may not be a household name in the 5G space, but it is one to look out for given the key role the company is playing in the deployment of the new wireless technology standard.
The manufacturer of networking test equipment has switched into a higher gear after struggling in fiscal 2020, which ended in October last year, with revenue declining 3% on account of disruptions caused by the novel coronavirus pandemic. However, Keysight has transformed dramatically in the current fiscal year, and it looks like a solid 5G stock to buy right now. Let's see why.
Keysight's revenue for the first six months of fiscal 2021 has increased 15% year over year to $2.4 billion. It is worth noting that the company's Q2 revenue growth for the three months ending April 30 was quite spectacular at 36% year over year, compared to just 8% in Q1. Keysight exited the quarter with record revenue of $1.22 billion as customers increased deployments and placed new orders.
Source Fool.com
