$Keysight(KEYS)$ experienced a significant decline during the early-November correction in the technology and semiconductor sectors, falling from $389 in October to $260.61 on November 5. Subsequently, institutional investors have driven the stock price back up to $297.68.
The strong earnings growth trajectory leading up to the fourth-quarter report scheduled for the evening of November 19 explains the interest from value investors:
- Second-quarter earnings per share (EPS) exceeded expectations by 23.6% ($2.87).
- Third-quarter EPS exceeded expectations by 24.0% ($3.07).
For the upcoming fourth-quarter report, consensus estimates project $3.37 in EPS (a 76% year-over-year increase from $1.91) on $1.95 billion in revenue (a 37% year-over-year increase), driven by rising orders for AI data center 800G/1.6T optical and network testing solutions.
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