Here's Why This Hot Technology Stock Soared This Week
Test and measurement technology company Keysight Technologies (NYSE: KEYS) stock is up a whopping 14.3% in the week to Friday morning. The move comes as the market warmed to its third-quarter earnings released earlier in the week.
It's not that its year-over-year core revenue growth or core orders growth turned positive (down 13% and 1%, respectively), and it's not that management called the bottom in its end markets.
Instead, the optimism comes from Keysight beating revenue expectations in the quarter, and its overall conditions are not worsening. As with the technology sector, investors look for early signs of a trend reversal in order patterns. That's especially the case with a company like Keysight, whose revenue is based on its customers' willingness to invest in research and development (R&D) -- usually the first thing to get cut in a slowdown.
Source Fool.com
Keysight Technologies Stock
The community is currently still undecided about Keysight Technologies with 1 Buy predictions and 0 Sell predictions.
With a target price of 140 € there is a slightly positive potential of 4.71% for Keysight Technologies compared to the current price of 133.7 €.
