Keysight Techs Stock (NYSE:KEYS), Trade Ideas

Keysight Techs

Keysight Technologies is a leader in the field of testing and measurement, helping electronics OEMs and suppliers alike bring products to market to fit industry standards and specifications. Keysight specializes in the communications market, but also supplies into the government, automotive, industrial, and semiconductor manufacturing markets. Keysight's solutions include testing tools, analytical software, and services. The firm's stated objective is to reduce time to market and improve efficiency at its more than 30,000 customers.

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Keysight Technologies sees a drop in shares despite reporting Q1 earnings beating estimates, as revenues decline and Q2 outlook falls short.

Why Keysight Technologies Shares Are Falling Wednesday

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U.S. stock futures were lower this morning, with the Dow futures trading lower by around 70 points on Wednesday.

Palo Alto Networks Issues Weak Outlook, Joins Teladoc Health, SolarEdge Technologies And Other Big Stocks Moving Lower In Wednesday&#39;s Pre-Market Session

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With U.S. stock futures trading lower this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:

Nvidia, La-Z-Boy And 3 Stocks To Watch Heading Into Wednesday

Keysight Technologies Inc

KeyStar Corp

Keystone Dental Holdings Inc

<ul>
<li>New flow provides an efficient, integrated radio frequency circuit re-design solution based on Synopsys Custom Design Family, Keysight Electromagnetic Simulation, and Ansys Device Synthesis</li>
<li>Integrated flow accelerates migration of existing N16 process passive radio frequency devices to the advanced N6RF+ technology node for better power, performance, and area results</li>
</ul>
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.keysight.com&amp;esheet=53951794&amp;newsitemid=20240424725417&amp;lan=en-US&amp;anchor=Keysight+Technologies%2C+Inc.&amp;index=1&amp;md5=e63979912b2eca1eab5854c3a6101c72">Keysight Technologies, Inc.</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEYS#NYSE">KEYS</a>), <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D3568578-1%26h%3D1156625905%26u%3Dhttps%253A%252F%252Fwww.synopsys.com%252F%26a%3DSynopsys%252C%2BInc.%25C2%25A0&amp;esheet=53951794&amp;newsitemid=20240424725417&amp;lan=en-US&amp;anchor=Synopsys%2C+Inc.&amp;index=2&amp;md5=421912bc930baba09e6cf708184bb89f">Synopsys, Inc.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>), and <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.ansys.com%2F&amp;esheet=53951794&amp;newsitemid=20240424725417&amp;lan=en-US&amp;anchor=Ansys&amp;index=3&amp;md5=c6817765349cab4789fceb888dd27c56">Ansys</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANSS#NASDAQ">ANSS</a>) introduce a new integrated radio frequency (RF) design migration flow from TSMC's N16 process to its N6RF+ technology to address the power, performance, and area (PPA) requirements of today's most demanding wireless integrated circuit applications. The new migration workflow integrates millimeter wave (mmWave) and RF solutions from Keysight, Synopsys, and Ansys into an efficient design flow that streamlines re-design of passive devices and design components to TSMC's more advanced RF process.
This press release features multimedia. View the full release here: <a href="https://www.businesswire.com/news/home/20240424725417/en/">https://www.businesswire.com/news/home/20240424725417/en/</a>
&nbsp;
This RF design migration initiative extends TSMC's Analog Design Migration (ADM) methodology with additional capabilities for RF circuit designers. Beyond the productivity gains offered by ADM, the Keysight, Synopsys, and Ansys migration workflow demonstrates significant power reduction for a 2.4GHz low noise amplifier (LNA) design re-targeted to the N6RF+ process.
Key components of the design migration flow include:
<ul>
<li>The <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D3329201-1%26h%3D42108741%26u%3Dhttps%253A%252F%252Fwww.synopsys.com%252Fimplementation-and-signoff%252Fcustom-design-platform.html%26a%3DSynopsys%2BCustom%2BDesign%2BPlatform&amp;esheet=53951794&amp;newsitemid=20240424725417&amp;lan=en-US&amp;anchor=Synopsys+Custom+Design+Family&amp;index=4&amp;md5=56a57555793a4fb21b7192033a5f83bd">Synopsys Custom Design Family</a>, featuring <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.synopsys.com%2Fimplementation-and-signoff%2Fcustom-design-platform%2Fcustom-compiler.html&amp;esheet=53951794&amp;newsitemid=20240424725417&amp;lan=en-US&amp;anchor=Synopsys+Custom+Compiler%26%238482%3B&amp;index=5&amp;md5=ee406dbfced0e7ab303520bc0ba23fe5">Synopsys Custom Compiler&#x2122;</a> layout environment with <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.synopsys.com%2Fai%2Fai-powered-eda%2Faso-ai.html&amp;esheet=53951794&amp;newsitemid=20240424725417&amp;lan=en-US&amp;anchor=Synopsys+ASO.ai%26%238482%3B&amp;index=6&amp;md5=8336dcaf5da04bde862314579b6616d9">Synopsys ASO.ai&#x2122;</a> for rapid analog and RF design migration and Synopsys PrimeSim&#x2122; circuit simulator</li>
<li><a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.keysight.com%2Fus%2Fen%2Fproduct%2FW3030E%2Fpathwave-rfpro.html&amp;esheet=53951794&amp;newsitemid=20240424725417&amp;lan=en-US&amp;anchor=Keysight+RFPro&amp;index=7&amp;md5=766353132af88c4df29cdb033744cf1d">Keysight RFPro</a> for device parameterization, automated value fitting, and electromagnetic (EM) simulation</li>
<li>Ansys RaptorH&#x2122; for on-silicon electromigration analysis and VeloceRF&#x2122; for passive component synthesis</li>
</ul>
RF circuit designers can adopt the migration flow to rapidly re-design their devices to the N6RF+ process specifications and accelerate time-to-market. Keysight RFPro enables parameterization of passive devices including inductors and automatically re-creates highly accurate simulation models with layout tuned to the new process. Designers view the re-created device layout in Synopsys Custom Compiler along with synthesized inductors from Ansys VeloceRF, and then perform interactive EM analysis in complex wireless chips.
Sanjay Bali, Vice President Strategy and Product Management EDA Group, Synopsys, said: "The need to rapidly migrate designs from node to node is essential to address the industry's relentless drive towards enhanced quality-of-results on TSMC's leading process technologies. The new flow, leveraging Synopsys' Custom Compiler, ASO.ai and PrimeSim solutions, offers an integrated RF and analog design migration solution that enables efficient migration of designs from TSMC N16 technology platform to N6RF+. Combining the strengths of trusted and industry-leading RF and mmWave solutions from Keysight, Synopsys and Ansys provides mutual customers with an interoperable design flow to unlock massive productivity gains."
Niels Faché, Vice President and General Manager, Keysight EDA, said: "Meeting PPA requirements while adhering to new process design rules is one of the biggest challenges facing complex RF chip designs. RF circuit designers want to leverage and reuse their libraries of N16 device and component intellectual property to improve ROI. This new flow facilitates fast re-design in the latest TSMC N6RF+ technology for existing components originally built in N16. Keysight RFPro enables circuit designers to easily perform the device parameterization, new simulation model generation, and interactive EM analysis inside the Synopsys Custom Compiler layout environment. No time-consuming data handoffs or domain specialization are required, which increases overall engineering productivity for RF circuit designers."
John Lee, Vice President and General Manager of the Semiconductor, Electronics, and Optics Business Unit at Ansys, said: "Electromagnetic simulation and modeling play a central role in developing predictively accurate solutions for RF, high-speed analog, HPC data transmission, 3DIC interconnect, and co-packaged optics. We take pride in our partnership with Keysight, Synopsys and TSMC, because it enables Ansys to nimbly address some of the most challenging problems in this rapidly evolving and dynamic market. By fostering open platforms that integrate best-of-breed solutions, our joint customers will derive greater value and achieve enhanced product outcomes."
Dan Kochpatcharin, Head of the Design Infrastructure Management Division at TSMC, said: "We're delighted about our recent collaboration with Ansys, Keysight and Synopsys, which offers our mutual customers an efficient pathway to migrate their designs to our more advanced processes, ensuring that they meet the stringent PPA requirements. We're committed to continuing our collaboration with our Open Innovation Platform&#xAE; (OIP) ecosystem partners to enable customers' next-generation designs with solutions benefiting from the significant power and performance boost of our leading-edge technologies."

ANSS

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Keysight, Synopsys, And Ansys Deliver Radio Frequency Design Migration Flow To TSMC's N6RF+ Process Node

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Shares of companies within the broader tech sector are trading lower amid overall market weakness on rate cut uncertainty.

<a href="https://www.reuters.com/markets/deals/keysight-launch-offer-london-listed-spirent-sky-news-reports-2024-03-27/" title="https://www.reuters.com/markets/deals/keysight-launch-offer-london-listed-spirent-sky-news-reports-2024-03-27/">https://www.reuters.com/markets/deals/keysight-launch-offer-london-listed-spirent-sky-news-reports-2024-03-27/</a>

'Keysight to launch offer for London-listed Spirent' -Reuters, citing Sky News Report

<ul>
<li>Keysight brings proven wireless network expertise and end-to-end network emulation capabilities to the NVIDIA 6G Research Cloud platform for wireless-AI research</li>
<li>Cloud-based versions of Keysight's proven network emulation software solutions will be available to users alongside tools from NVIDIA</li>
</ul>
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.keysight.com&amp;esheet=53912375&amp;newsitemid=20240319588735&amp;lan=en-US&amp;anchor=Keysight+Technologies%2C+Inc.&amp;index=1&amp;md5=8892b40bd2507094c7a357a1e0c0fef6">Keysight Technologies, Inc.</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEYS#NYSE">KEYS</a>) is collaborating on the new NVIDIA 6G Research Cloud Platform, which includes the NVIDIA Aerial Omniverse Digital Twin, an open, flexible, and interconnected framework of network emulation resources offering researchers a comprehensive tool suite on which to develop new adaptations of artificial intelligence (AI) for radio access networks (RAN). The addition of Keysight's portfolio of network emulation solutions will enable researchers to develop and validate new approaches to optimize wireless communications access using Keysight's full suite of end-to-end network emulation capabilities.
The rapid pace of AI technology maturity is coming as 6G research is ramping quickly in its formative stage, making it likely that 6G will be the first generation of wireless to be fully AI-native. Validating new AI algorithmic approaches optimized to increase network capacity, speed, and usage types requires emulating realistic network conditions at scale. Tools that realistically emulate every part of a wireless system are needed to train, test, and refine AI algorithms before they can be commercialized.
To assist 6G researchers in building viable future AI algorithms, Keysight will add its comprehensive collection of network emulation and testing solutions covering the network from end-to-end to the NVIDIA 6G Research Cloud. Keysight is creating cloud-based versions of these solutions and making them available on the research platform in a flexible and scalable manner. This will provide 6G researchers access to Keysight solutions in network realistic conditions thanks to the NVIDIA 6G Research Cloud. As cloud-based solutions, the Keysight network emulations will now also be faster and more scalable thanks to access to NVIDIA's seamless GPU-acceleration network.
Kailash Narayanan, Senior Vice President and President of the Communications Solutions Group, Keysight, said: "We are thrilled to be one of the first solution partners announced for NVIDIA's new 6G Research Cloud platform. By integrating our solutions onto this cloud-based platform, researchers will have access to fast, scalable versions of the industry's most realistic network emulation capabilities. This level of realism and scalability will be essential for developing AI architectures capable of optimizing next-gen wireless systems."
Ronnie Vasishta, Senior Vice President of Telecom, NVIDIA, said: "An open and modular cloud-based platform is necessary for 6G researchers to trial new AI algorithms and techniques using a platform that enables simulation with physically accurate digital twins and an accelerated RAN software stack. As we expand a rich ecosystem of technologies that can address a wide variety of research needs, spanning academia and industry, we welcome Keysight as one of the first solution providers to our 6G Research Cloud platform."

Keysight Accelerates Its 6G Efforts With NVIDIA 6G Research Cloud Platform

<ul>
<li>Solution tests mobile and 5G private network performance with millions of concurrent devices establishing simultaneous voice, video, and web sessions in real-world scenarios</li>
<li>Supports a wide variety of industry use cases like smart manufacturing and smart energy grids that must connect millions of low-latency, high-bandwidth devices</li>
<li>New methodology uses realistic traffic generation to uncover a CPU's true power and scalability while observing bandwidth requirements, enabling better network provisioning</li>
</ul>
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.keysight.com&amp;esheet=53905455&amp;newsitemid=20240305667234&amp;lan=en-US&amp;anchor=Keysight+Technologies%2C+Inc.&amp;index=1&amp;md5=657ef0a65b6bed62fd6cef1dde2befaf">Keysight Technologies, Inc.</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEYS#NYSE">KEYS</a>) leveraged 4th generation AMD EPYC&#x2122; CPUs from Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) to develop an industry first benchmarking methodology that redefines the landscape of system performance evaluation for high-speed digital designers, network equipment manufacturers, and data center operators.
The deployment of mobile and 5G private networks is expected to grow rapidly across many industries as part of their automation and digital transformation strategy. This diverse set of industry use cases requires a versatile compute architecture that can simultaneously support millions of low-latency, high-bandwidth devices, and a multifaceted workload profile. Given this transformation, comprehensive infrastructure benchmarking is critical to ensure optimal performance across a spectrum of industry use cases.
To provide more realistic performance benchmarks, Keysight in collaboration with AMD developed an integrated test case methodology that takes into account the processing power of central processing units (CPUs). Using realistic traffic emulation, this novel approach enables data center operators to extract more performance from a chosen CPU and to characterize the performance across multiple vectors while adhering to bandwidth requirements. The methodology was developed by deploying Keysight's software tools onto AMD EPYC&#x2122; processors to conduct staged test cases with realistic traffic at scale.
Highlights of the test case methodology include:
<ul>
<li>Infrastructure scalability – In settings such as smart grids and smart manufacturing, smooth and reliable operation requires handling millions of concurrent devices. Traditional benchmarks frequently overlook the CPU's capacity and its capability to handle a considerably higher concurrent load as the network's bandwidth constraints obscure this ability. This new benchmarking approach is designed to uncover the true CPU power and scalability in these environments.</li>
<li>Real-life authenticity – Mobile and 5G private networks support specialized fields like vision-based smart manufacturing, extended reality (XR) viewership, and retail workflows. Testing infrastructure for its capability to handle realistic application, voice, and video traffic is crucial. The new benchmark emphasizes replicating bulk activities with millions of devices establishing new sessions and including highly realistic scenarios like subscribers initiating voice, video, and web calls. This insight into real-world capabilities empowers data center operators to provision their infrastructures accurately.</li>
</ul>
Raghu Nambiar, Corporate Vice President, Data Center Ecosystems and Solutions, AMD, said: "5G mobile network operators worldwide are facing an unprecedented demand for bandwidth. This consistent growth of data traffic volume requires scalable and effective benchmarking solutions to accurately measure user experience.Our collaboration with Keysight demonstrates the ability of AMD EPYC CPUs to deliver impressive parallel processing performance to handle these high volumes of data traffic."
Ram Periakaruppan, Vice President and General Manager, Network Test &amp; Security Solutions, Keysight, said: "Single dimension benchmarking methodologies like throughput are insufficient for data center operators to properly design and deploy their compute infrastructure. New performance benchmarking is needed in the modern mobile and 5G private networks. When used, it highlights the prowess of the AMD ‘Zen 4' chiplet architecture to meet complex demands in those networks."

Keysight And AMD Break Barriers To Redefine Benchmarking For Cloud And Edge Infrastructure Performance

Following a long-standing relationship, Keysight Technologies has acquired a strategic equity stake in EMVision, providing the Aussie Medtech with a fully funded path to market
EMVision, an Australian medical device company focused on developing innovative portable brain imaging technology, has announced a US$10 million (~A$15.28m) strategic investment from Keysight Technologies, a global leader in test and measurement technology.
This press release features multimedia. View the full release here: <a href="https://www.businesswire.com/news/home/20240229013803/en/">https://www.businesswire.com/news/home/20240229013803/en/</a>
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The investment provides EMVision with a fully funded commercial runway for its emu&#x2122; device. It accelerates clinical trials, generating essential data supporting the upcoming regulatory approval pathway and adoption in the world's largest healthcare market. The new capital will also increase the company's production capacity for additional emu&#x2122; devices to be used in expanded clinical trials, including leading stroke centres in the United States.
With a market capitalisation of approximately US$26 billion, the deal marks Keysight's first investment globally in enabling innovation in point-of-care medical imaging, demonstrating its strong support for the clinical and commercial value of EMVision's innovative neuroimaging technology.
Portable brain imaging for improved patient care
EMVision's emu&#x2122; brain scanner is a pioneering advancement in stroke care, intended to provide rapid diagnostic imaging to accelerate the delivery of urgent, life-saving care, particularly in settings where traditional imaging modalities such as CT and MRI are not readily available.
The device is operated at the point of care, with a simple cap placed on the patient's head for quick scans and image generation. It couples safe, ultra-high frequency radio signals with powerful Artificial Intelligence to produce rapid insights directly at the patient's bedside.
emu&#x2122; can be operated by any healthcare professional with minimal training. Targeted for use in intensive care units, stroke and neurology wards, and rural emergency departments, emu&#x2122; has the potential to improve survival rates and quality of life after stroke and other neurological events requiring urgent intervention.
The investment follows an original equipment manufacturer (OEM) supply partnership entered into by both companies in 2022, whereby EMVision secured exclusivity in the neuroimaging field for the VNA "fast sweep" feature. This component acts as the ‘brain' of all EMVision devices, giving the company a substantial competitive advantage.
Scott Kirkland, Founder and CEO at EMVision, said, "Keysight's investment is an endorsement of our mission to improve global stroke outcomes and we're thrilled to embark on this next phase of growth together. Their commitment to being at the frontline of innovation aligns perfectly with EMVision's progress towards making ubiquitous portable brain imaging a reality."
Huei Sin, Keysight Technologies President, Electronic Industrial Solutions Group, said, "We are delighted to strengthen our relationship with EMVision as we forge ahead in pioneering ground-breaking advancements in medical imaging technology. Keysight's technology leadership, particularly our industry-leading data acquisition speeds, alongside EMVision's brain scanning innovation, strategically positions our companies to spearhead significant developments in cutting-edge imaging solutions."
EMVision is also developing a first responder device. The backpack-sized scanners will weigh less than 10 kilograms and are intended for deployment via road and air ambulances. It would allow paramedics to scan and send images to specialists from the site of a suspected stroke, meaning patients could be diagnosed and treated more quickly than has previously been possible. Market entry for the emu&#x2122; device is planned for next year, with the first responder device to follow.
Under the agreement, Keysight will be issued 7,454,231 new ordinary shares in EMVision at A$2.05 per share to acquire an 8.73% shareholding in EMVision. The agreement and issue of shares to Keysight, which will occur with EMVision's existing Listing Rule 7.1 headroom without the need for shareholder approval, is expected to be completed in the next two days.
The emu&#x2122;&#xFE0F; and the first responder device are neither available for sale nor evaluated by the FDA or other global regulators. The devices may only be used by authorized sites in controlled clinical investigations.
Full details of the announcement can be found at <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Femvision.com.au%2Finvestors%2F&amp;esheet=53901818&amp;newsitemid=20240229013803&amp;lan=en-US&amp;anchor=https%3A%2F%2Femvision.com.au%2Finvestors%2F&amp;index=1&amp;md5=488309bfacb46ccb43b3895d46e66db8">https://emvision.com.au/investors/</a>

Contracts

Keysight Technologies Announces $10M Investment In EMVision, An Australian Medical Device Company Focused On Developing Innovative Portable Brain Imaging Technology

Keysight Technologies shares are trading lower after the company issued Q2 EPS and revenue guidance below estimates.

Keysight Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEYS#NYSE">KEYS</a>) shares are<a target="_blank" href="https://www.benzinga.com/pressreleases/24/02/b37222204/keysight-technologies-reports-first-quarter-2024-results" rel="noreferrer noopener">&nbsp;trading lower in the premarket session on Wednesday.</a>
On Tuesday, after the closing bell, the company reported first-quarter 2024 adjusted earnings per share of $1.63, beating the street view of $1.59. Quarterly revenues of $1.259 billion<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">&nbsp;beat the analyst consensus of $1.248 billion.</a>
Revenues, however, fell from $1.38 billion in the year-ago period. Communications Solutions Group (CSG) reported revenue of $839 million, down 11% year over year.&nbsp;
Electronic Industrial Solutions Group reported revenue of $420 million, down 5% year over year.
Cash flow from operations was $328 million, compared to $366 million last year. Free cash flow was $281 million, compared to $306 million in the year-ago period.
As of January 31, 2024, cash and cash equivalents totaled $1.75 billion.
Outlook: Keysight&#8217;s second-quarter revenue is expected to be $1.19 billion-$1.21 billion <a href="https://www.benzinga.com/calendars/guidance" target="_blank" rel="noreferrer noopener">(estimate at $1.25 billion).</a>
Non-GAAP earnings per share for the second fiscal quarter of 2024 are expected to be $1.34-$1.40 (estimate at $1.61).
Price Action:&nbsp;KEYS shares are trading lower by 6.75% to $144.00 premarket on the last check Wednesday.

U.S. stock futures were lower this morning, with the Dow futures trading lower by around 70 points on Wednesday.
Shares of Palo Alto Networks, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/panw#NASDAQ">PANW</a>) fell sharply in today&rsquo;s pre-market trading after the company issued third-quarter <a href="https://www.benzinga.com/news/earnings/24/02/37223409/palo-alto-networks-q2-earnings-eps-beat-revenue-up-19-soft-guidance-and-more">guidance below estimates</a>.
Palo Alto&rsquo;s fiscal second-quarter revenue increased 19% year-over-year to $1.98 billion, which beat the consensus estimate of $1.97 billion, according to Benzinga Pro. The company reported quarterly earnings of $1.46 per share, which beat analyst estimates of $1.30 per share.
Palo Alto sees fiscal third-quarter revenue of $1.95 billion to $1.98 billion versus estimates of $2.04 billion. The company expects third-quarter adjusted earnings to be between $1.24 and $1.26 per share versus estimates of $1.29 per share.
Palo Alto Networks shares tumbled 22.1% to $285.06 in pre-market trading.
Here are some big stocks recording losses in today&rsquo;s pre-market trading session.
<ul>
<li>Teladoc Health, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tdoc#NYSE">TDOC</a>) shares dipped 20.8% to $16.22 in pre-market trading after the company reported mixed fourth-quarter financial results and issued weak guidance.</li>
<li>Community Health Systems, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cyh#NYSE">CYH</a>) fell 18.3% to $3.30 in pre-market trading after the company reported fourth-quarter financial results.</li>
<li>SolarEdge Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sedg#NASDAQ">SEDG</a>) shares fell 16% to $70.90 in pre-market trading after the company reported mixed fourth-quarter financial results.</li>
<li>Matterport, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mttr#NASDAQ">MTTR</a>) shares declined 12.6% to $2.22 in pre-market trading after the company posted weak quarterly sales and issued downbeat forecast.</li>
<li>Calliditas Therapeutics AB (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/calt#NASDAQ">CALT</a>) fell 9.3% to $18.98 in pre-market trading following quarterly results.</li>
<li>CrowdStrike Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/crwd#NASDAQ">CRWD</a>) shares fell 9.2% to $294.00 in pre-market trading.</li>
<li>Sprout Social, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/spt#NASDAQ">SPT</a>) fell 9.2% to $58.50 in pre-market trading after the company reported fourth-quarter financial results and issued guidance.</li>
<li>Zscaler, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zs#NASDAQ">ZS</a>) fell 9.2% to $226.15 in pre-market trading.</li>
<li>HSBC Holdings plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hsbc#NYSE">HSBC</a>) fell 7.6% to $37.73 in pre-market trading following fourth-quarter results.</li>
<li>Medifast, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/med#NYSE">MED</a>) fell 7.3% to $45.36 in pre-market trading after the company issued weak guidance.</li>
<li>Keysight Technologies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/keys#NYSE">KEYS</a>) declined 6.8% to $144.00 in pre-market trading after the company issued second-quarter EPS and revenue guidance below estimates.</li>
</ul>
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Now Read This: <a href="https://www.benzinga.com/news/earnings/24/02/37229881/investor-sentiment-falls-further-fear-greed-index-in-greed-zone"> Investor Sentiment Falls Further; Fear &amp; Greed Index In &#39;Greed&#39; Zone </a>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a>

Palo Alto Networks Issues Weak Outlook, Joins Teladoc Health, SolarEdge Technologies And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

With U.S. stock futures trading lower this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:
Wall Street expects NVIDIA Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>) to report quarterly earnings at $4.64 per share on revenue of $20.62 billion after the closing bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. NVIDIA shares fell 1.9% to $681.03 in after-hours trading.
La-Z-Boy Incorporated (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lzb#NYSE">LZB</a>) reported downbeat results for its third quarter. La-Z-Boy shares dipped 8.6% to $34.50 in the after-hours trading session.
Analysts are expecting Analog Devices, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adi#NASDAQ">ADI</a>) to earn $1.71 per share on revenue of $2.50 billion for the latest quarter. The company will release earnings before the markets open. Analog Devices shares rose 0.3% to $189.87 in after-hours trading.
Check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
Keysight Technologies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/keys#NYSE">KEYS</a>) reported upbeat earnings for its first quarter but issued weak guidance for the second quarter. The company said it sees second-quarter earnings of $1.34 to $1.40 per share on revenue of $1.19 billion to $1.21 billion. Keysight shares fell 6.8% to $144.00 in the after-hours trading session.
Analysts expect Exelon Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/exc#NASDAQ">EXC</a>) to report quarterly earnings at 58 cents per share on revenue of $4.17 billion before the opening bell, according to Benzinga Pro. Exelon shares gained 1.5% to $35.25 in after-hours trading.
Check This Out: <a href="https://www.benzinga.com/news/24/02/37210537/top-4-tech-stocks-that-may-crash-this-month"> Top 4 Tech Stocks That May Crash This Month </a>

Outlook
Keysight&#39;s second fiscal quarter of 2024 revenue is expected to be in the range of $1.19 billion to $1.21 billion. Non-GAAP earnings per share for the second fiscal quarter of 2024 are expected to be in the range of $1.34 to $1.40, based on a weighted diluted share count of approximately 175 million shares. Certain items impacting the GAAP tax rate pertain to future events and are not currently estimable with a reasonable degree of accuracy; therefore, no reconciliation of GAAP earnings per share to non-GAAP has been provided. Further information is discussed in the section titled &quot;Use of Non-GAAP Financial Measures&quot; below.

Keysight Technologies Sees Q2 2024 EPS $1.34-$1.40 Vs $1.61 Est.; Revenue $1.19B-$1.21B Vs $1.25B Est.

Keysight Techs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEYS#NYSE">KEYS</a>) reported quarterly earnings of $1.63 per share which beat the analyst consensus estimate of $1.59 by 2.52 percent. This is a 19.31 percent decrease over earnings of $2.02 per share from the same period last year. The company reported quarterly sales of $1.26 billion which beat the analyst consensus estimate of $1.25 billion by 0.87 percent. This is a 8.83 percent decrease over sales of $1.38 billion the same period last year.

Keysight Techs Q1 EPS $1.63 Beats $1.59 Estimate, Sales $1.26B Beat $1.25B Estimate

Wall Street reopened on a weaker note following Monday&#8217;s market closure, with all major U.S. stock averages in the red due to a broad <a href="https://www.benzinga.com/markets">decline in technology stocks.</a>
As of midday Tuesday, the Nasdaq 100 had fallen by 1.5% after closing 0.9% lower on Friday, marking its worst two-day streak since late January.
Investors are focusing on key market events scheduled for Wednesday, including the release of the latest minutes from the Federal Open Market Committee and Nvidia&#8216;s earnings report after the market closes.
The chipmaker giant&#8217;s shares plummeted by 6% on Tuesday, marking its worst-performing session since late 2022. Its peer Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), experienced an even steeper decline, falling by 6.5%. Among the so-called Magnificent Seven stocks, only Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) managed to avoid losses, posting a modest gain of 0.3%. Tesla tumbled over 5%, potentially marking its worst session since late January.
Tuesday&#8217;s market movements were not driven by concerns over fewer interest rate cuts on the horizon than anticipated. Interest rate expectations in the money markets remained largely unchanged from Friday, with traders pricing in a full percentage point of cuts by December 2024. Treasury yields dropped by about 5 basis points across key maturities and the U.S. dollar remained stable.
Instead, it appears that a reassessment of broader stock valuations is underway, as the forward price-to-earnings ratios for both the S&amp;P 500 and the Nasdaq 100 continues to exceed five-year averages.
<h2 class="wp-block-heading">Tuesday's Performance In Major Indices, ETFs</h2>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>38,486.50</td>
<td>-0.4%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>4,962.37</td>
<td>-0.9%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>17,427.99</td>
<td>-1.5%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>198.56</td>
<td>-1.5%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was 0.8% lower to $495.31, the SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) fell 0.3% to $384.93 and the tech-heavy Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) fell 1.4% to $424.60, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>. 
The Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>), was the notable underperformer, down by 1.8%, while the Consumer Staples Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>) was the top gainer, up 1%. 
<h2 class="wp-block-heading">Tuesday&#8217;s Stock Movers</h2>
<ul>
<li>Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) rose over 3% on better-than-expected company results in the last quarter of 2023, hitting fresh all-time highs and the strongest one-day surge since November 2022. The retailer giant also announced plans to acquire smart-TV maker Vizio Holding Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZIO#NYSE">VZIO</a>)</li>
<li>Logistic company Expeditors International of Washington Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXPD#NYSE">EXPD</a>) fell 6.5% after the company missed both revenue and profit forecasts last quarter. </li>
<li>Other companies reacting to earnings were Home Depot Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>), down 0.3%, Westlake Chemical Partners LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLKP#NYSE">WLKP</a>), down 0.8%, CenterPoint Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNP#NYSE">CNP</a>), up 0.3%. </li>
<li>Discover Financial Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>) rose by over 14% following the announcement that Capital One Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>) plans to acquire the credit card issuer in an all-stock deal valued at $35.3 billion.</li>
<li>Large-cap companies reporting after the market close on Tuesday are Palo Alto Networks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>), Public Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSA#NYSE">PSA</a>), Realty Income Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/O#NYSE">O</a>), Costar Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSGP#NASDAQ">CSGP</a>), Diamondback Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>) and Keysight Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEYS#NYSE">KEYS</a>) </li>
</ul>
Read now: <a href="https://www.benzinga.com/news/earnings/24/02/37213218/walmart-q4-performance-revenue-and-eps-surprise-dividend-hike-vizio-buyout-and-more">Walmart Q4 Performance: Revenue And EPS Surprise, Dividend Hike, VIZIO Buyout And More</a>
Photo via Shutterstock.

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Wall Street Faces Selling Pressure, Nvidia Investors Pull Back Ahead Of Earnings, Fed Minutes: What's Driving Markets Tuesday?

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Earnings Scheduled For February 20, 2024

Keysight Techs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEYS#NYSE">KEYS</a>) is set to give its latest quarterly earnings report on Tuesday, 2024-02-20. Here's what investors need to know before the announcement.
Analysts estimate that Keysight Techs will report an earnings per share (EPS) of $1.58. 
Keysight Techs bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.12, which was followed by a 0.27% drop in the share price the next day.
Here's a look at Keysight Techs's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.87</td>
<td>2.04</td>
<td>1.95</td>
<td>1.85</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.99</td>
<td>2.19</td>
<td>2.12</td>
<td>2.02</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-0.27%</td>
<td>-13.78%</td>
<td>7.6%</td>
<td>-12.71%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1708365685_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Keysight Techs were trading at $154.66 as of February 15. Over the last 52-week period, shares are down 15.17%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release. 
<a href="https://www.benzinga.com/quote/KEYS/earnings">To track all earnings releases for Keysight Techs visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Preview: Keysight Techs's Earnings

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Shares of several companies in the broader tech sector are trading lower as Treasury yields rise following a greater-than-expected increase in U.S. January inflation data.