Keysight Technologies, Inc. - KEYS STOCK NEWS

Keysight Technologies (NYSE: KEYS) announced its participation in several upcoming virtual events targeting the financial community. These events include the Stifel 2021 Virtual Cross Sector Insight Conference on June 8, 2021, the Baird 2021 Global Consumer, Technology & Services Conference on June 9, 2021, and the BofA Securities 2021 Global Technology Conference on June 10, 2021. Live audio webcasts will be available and archived on Keysight's investor relations website.

Keysight's solutions support innovation across various sectors, with a revenue of $4.2 billion in fiscal 2020.

Keysight Technologies (NYSE: KEYS) has acquired Quantum Benchmark, a pioneer in quantum computing error diagnostics and validation software, based in Kitchener, Ontario. This strategic acquisition aims to enhance Keysight's offerings in quantum solutions, aligning with its mission to advance innovation in the field. Quantum Benchmark's software is pivotal in addressing performance-limiting errors in quantum hardware, a critical aspect for large-scale quantum computing. This move marks Keysight's third acquisition in the quantum sector, further solidifying its position in this emerging market.

Keysight Technologies (NYSE: KEYS) has launched the IOT0047A regulatory test solution to accelerate the certification of wireless devices operating in unlicensed bands at 2.4 and 5 GHz. This solution addresses the complexities of regulatory testing by providing support for the latest standards, including Wi-Fi 6E, while offering future-proof software updates. The IOT0047A enhances throughput and testing efficiency with automation, aiming to help customers reduce time-to-market and achieve a competitive edge.

Keysight Technologies (NYSE: KEYS) announced an expanded collaboration with Ansys to integrate Keysight's PathWave Advanced Design System (ADS) RFPro environment with Ansys HFSS. This collaboration simplifies workflows for RF and microwave engineers, significantly reducing time-to-market for sectors including 5G and automotive applications. The integration, set to be available in Keysight's ADS 2022, enhances the design and simulation process, promising efficiency improvements for complex RF module development. Keysight generated revenues of $4.2B in fiscal year 2020, emphasizing its solid market standing.

Keysight Technologies (NYSE: KEYS) has appointed Michelle J. Holthaus as a director, effective immediately. Holthaus brings extensive experience from her role at Intel, where she has led global sales, marketing, and communications since 2019. Her previous positions at Intel include senior vice president and corporate vice president roles in sales and marketing. This appointment is seen as a strategic move to enhance Keysight's leadership team as the company aims to deliver advanced design and validation solutions while creating value for stakeholders.

Keysight Technologies (NYSE: KEYS) reported impressive financial results for Q2 2021, achieving record orders, revenue, and free cash flow. Orders rose by 22% to $1.33 billion, while revenue surged 36% to $1.22 billion. GAAP net income soared to $186 million ($0.99 per share), compared to $71 million ($0.37 per share) last year. Non-GAAP net income was $270 million ($1.44 per share), up from $148 million ($0.78 per share). Free cash flow also increased to $369 million. Looking ahead, Q3 revenue is projected between $1.205 billion and $1.225 billion.

Keysight Technologies (NYSE: KEYS) has announced the inaugural SONiC Open Source Network Operating System Community Plugfest, scheduled for May to June 2021. This event allows SONiC community members to validate the software across various vendors. SONiC, which operates on a disaggregated architecture, has seen increased interest and complexity despite pandemic-related restrictions. Participants include customers, vendors, and test partners, including Keysight and AVIZ Networks. The Plugfest aims to assess SONiC's maturity across different hardware platforms, highlighted by test categories focused on performance, scalability, and operational integrity.

Keysight Technologies (NYSE: KEYS) has committed to achieving net zero emissions in its operations by the end of fiscal year 2040, a decade ahead of the Paris Agreement. The initiative aims to align with global efforts to limit climate change, with interim goals including 55% renewable energy by 2030 and 100% renewable energy by 2040. Keysight's strategy emphasizes energy efficiency, conservation, and investment in renewable sources. The company also supports its customers in meeting their climate goals through sustainable solutions.

Keysight Technologies (NYSE: KEYS) has unveiled the N9042B UXA X-Series signal analyzer, designed to enhance testing capabilities for millimeter-wave (mmWave) technologies across 5G, aerospace, defense, and satellite communication sectors. This innovative solution offers features including an unbanded frequency range from 2 Hz to 110 GHz, an analysis bandwidth of up to 11 GHz, and advanced measurement applications to ensure compliance with industry standards. With growing demands for bandwidth and frequency, Keysight aims to accelerate innovation in critical areas like 5G wireless and radar technology.