Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, May 29, 2020

Article Excerpt

KEYSIGHT TECHNOLOGIES INC., $108.13, New York symbol KEYS, remains a buy for aggressive investors. The stock lets investors tap a leading maker of devices and software for testing electronic equipment. The company reported lower-than-expected quarterly results this week as the COVID-19 outbreak disrupted its supply chains. However, it expects to resume full production in the next two months. Overall revenue for the fiscal 2020 second quarter, ended April 30, 2020, fell 17.9%, to $895 million from $1.09 billion a year earlier. That missed the consensus forecast of $1.03 billion. Earnings in the quarter before unusual items fell 36.1%, to $0.78 a share (or a total of $148 million) from $1.22 a share (or $233 million). That also missed the consensus estimate of $1.03. Keysight spends a high 19% of its revenue on research, so it’s more profitable than it seems. The company’s strong balance sheet will also help it rebound as the pandemic ends. As of April 30, 2020, it held cash of $1.84 billion…

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