KEYS - Keysight Technologies: Valuation Is Now Looking Good

2024-06-09 00:28:06 ET

Summary

• Keysight presented poor Q2 results in terms of growth, but slightly better than what management projected.
• This decline is happening throughout the sector and Keysight is not the only one affected, which is a good sign when thinking about its future.
• If we consider a recovery in 2025, of which signs are already beginning to be seen, the valuation would be attractive.

Investment Thesis

I previously covered Keysight ( KEYS ) where I talked more in depth about the business model and the implied quality I think it has. In that article, I decided that the best thing was to hold at the moment and since then, the company has fallen 11% compared to the 2% appreciation that the S&P500 has had....

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