KEYS - Keysight Technologies: Remaining In My Sight Despite Tougher Times

2024-06-09 10:15:41 ET

Summary

• Keysight continues to struggle with a lackluster order intake, impacting sales and margins, despite a sound track record and positioning.
• The company recently has been pursuing more significant M&A deals as well, after organic growth has been lackluster.
• Despite current challenges, the long-term thesis for Keysight remains positive, with a potential profit rebound expected in 2025.

Last summer, I concluded that shares of Keysight Technologies ( KEYS ) were getting into my sight. Shares fell to 52-week lows as results fell short compared to expectations, amidst a decline in the order intake....

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