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Despite the modest gain, this performance stands out as Keysight’s stock has been climbing steadily from its position far below its year-high of $189.45, which was achieved in December of the previous year. This resilience is notable especially when compared to competitors such as Emerson (NYSE:EMR) Electric and Agilent Technologies (NYSE:A), which closed lower at $88.35 and $127.88 respectively. Similarly, Rockwell Automation (NYSE:ROK) experienced a significant decline, closing at $275.
Investor engagement with Keysight was strong, with trading volumes reaching 1.6 million shares, surpassing the 50-day average volume mark. This robust trading activity underscores a heightened investor interest in Keysight amid a challenging environment for the broader market.
Keysight Technologies Inc., known for its precision in electronic measurement, is not just outperforming its peers in stock price; it’s also demonstrating robust fundamentals. According to InvestingPro data, Keysight’s market capitalization stands at a solid $24.13 billion, with a Price/Earnings (P/E) ratio of 23.29, reflecting investor confidence in the company’s earnings potential. Additionally, the company has a healthy gross profit margin of 64.64% for the last twelve months as of Q4 2023.
An InvestingPro Tip highlights that Keysight operates with a high return on assets, which was reported at 12.6% for the last twelve months as of Q4 2023. This indicates efficient management of assets to generate profits, a critical metric for investors gauging company performance. Furthermore, Keysight has shown a high return over the last decade, an InvestingPro Tip that reassures long-term investors about the company’s consistent performance.
For those looking to dive deeper, InvestingPro offers additional insights, with dozens of tips for subscribers seeking a comprehensive analysis. In fact, there are 12 more InvestingPro Tips available that could provide a more nuanced understanding of Keysight’s financial health and market position. As part of a Cyber Monday special, InvestingPro subscriptions are now available at up to a 60% discount. Plus, use coupon code sfy23 to get an extra 10% off a 2-year InvestingPro+ subscription, adding even more value to this investment research tool.
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