Kailash Narayanan, Senior Vice President at Keysight Technologies , Inc. (NYSE:KEYS), sold 595 shares of the company's common stock on November 27, according to a recent SEC filing. The shares were sold at an average price of $171.30, totaling $101,923. The transaction comes as Keysight, a $29.7 billion technology company, trades near its 52-week high of $175.39. According to InvestingPro analysis, the company maintains a "GOOD" overall financial health score, though current valuations suggest the stock is trading above its Fair Value. Following this transaction, Narayanan holds 35,912 shares in the company.
This sale was executed under a Rule 10b5-1 trading plan, which Narayanan adopted on December 27, 2023. Such plans allow company insiders to set up a predetermined schedule for selling stocks to avoid potential accusations of insider trading. Want deeper insights into Keysight's valuation and financial health? InvestingPro subscribers have access to 12 additional ProTips and a comprehensive Pro Research Report that provides detailed analysis of the company's performance and outlook.
In other recent news, Keysight Technologies outperformed expectations with robust fourth-quarter results. The company reported adjusted earnings per share of $1.65, surpassing the analyst consensus estimate of $1.57, and revenue of $1.29 billion, higher than anticipated expectations of $1.26 billion. Baird, maintaining an Outperform rating on Keysight, revised the price target to $180 from $163, indicating confidence in the company's market position.
Keysight's first fiscal quarter guidance also exceeded expectations, suggesting a faster-than-anticipated business recovery. The company expects adjusted earnings to range from $1.65 to $1.71 per share, with revenue projected between $1.265 billion and $1.285 billion, figures that surpass Wall Street's estimates.
In other developments, Keysight's Communications Solutions Group segment reported flat year-over-year revenue at $894 million, while the Electronic Industrial Solutions Group revenue declined by 6% to $393 million. Despite challenges in the Automotive and wireless markets, the company's order performance remained strong for the second consecutive quarter. Baird analysts noted that Keysight's markets seem to lean towards a favorable outcome, contingent on stable geopolitical and trade conditions.
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