Following the transaction, Nersesian retains ownership of 236,805 shares. A footnote in the filing clarified that this figure corrects for 46 shares not surrendered to satisfy tax liabilities on a recent Long-Term Performance award distribution. InvestingPro subscribers can access 12 additional key insights about Keysight's financial health, which is currently rated as GOOD, along with detailed analysis in the comprehensive Pro Research Report available for this top-tier technology company. InvestingPro subscribers can access 12 additional key insights about Keysight's financial health, which is currently rated as GOOD, along with detailed analysis in the comprehensive Pro Research Report available for this top-tier technology company.
Following the transaction, Nersesian retains ownership of 236,805 shares. A footnote in the filing clarified that this figure corrects for 46 shares not surrendered to satisfy tax liabilities on a recent Long-Term Performance award distribution.
In other recent news, Keysight Technologies (NYSE:KEYS) outperformed analyst expectations in its fourth-quarter results, reporting adjusted earnings per share of $1.65, exceeding the predicted $1.57, and revenue of $1.29 billion, surpassing the anticipated $1.26 billion. The company's first fiscal quarter guidance also exceeded expectations, indicating a faster-than-anticipated business recovery. Baird maintained an outperform rating on Keysight and increased the price target to $180 from $163, reflecting confidence in the company's market position and potential to capitalize on broad market recovery.
Keysight Technologies demonstrated resilience in its operations despite challenges in the automotive and wireless markets. The company's order performance remained strong for the second consecutive quarter. Keysight's FY25 outlook aligned with consensus estimates, not factoring in a broad market recovery, suggesting a potential upside if such a recovery occurs.
In the company's recent developments, the Communications Solutions Group segment reported flat year-over-year revenue at $894 million, and the Electronic Industrial Solutions Group revenue declined by 6% to $393 million. Additionally, Keysight generated a free cash flow of $328 million in Q4, slightly down from $340 million in the same period last year.
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