Keysight Technologies, Inc. - KEYS STOCK NEWS

Keysight Technologies has enabled Foxconn Industrial Internet (Fii) to become the first manufacturer to receive the Certificate of Conformance for an outdoor Open Radio Unit (O-RU) from the O-RAN ALLIANCE. This certification was achieved using Keysight's Open RAN Studio solution, which supports the validation of control, user, synchronization, and management planes. The certification ensures the interoperability and compliance of Open RAN equipment. Keysight's solution includes the U5040BSCB Open RAN Studio and the Time Sync Analyzer, which integrate features like high-performance Open Distributed Unit (O-DU) emulation and realistic testing of synchronization planes. This milestone marks a significant step toward the commercial deployment of O-RUs.

Keysight Technologies (NYSE: KEYS) announced participation in upcoming investor conferences.

At the UBS Reshoring and Infrastructure Conference on June 4, 2024, CFO Neil Dougherty and SVP Mark Wallace will hold meetings.

On June 5, 2024, at the Baird Global Consumer, Technology & Services Conference, CFO Neil Dougherty and Kailash Narayanan, President of the Communications Solutions Group, will engage in a fireside chat at 7:50 a.m. PT / 10:50 a.m. ET.

A live webcast of this chat will be available on the Keysight Technologies website, and a replay will be accessible for 90 days.

Keysight Technologies (NYSE: KEYS) reported financial results for the second fiscal quarter ending April 30, 2024. Revenue was $1.22 billion, down from $1.39 billion the previous year. GAAP net income was $126 million ($0.72 per share), compared to $283 million ($1.58 per share) in Q2 2023. Non-GAAP net income was $247 million ($1.41 per share), down from $380 million ($2.12 per share) last year. Cash flow from operations fell to $110 million from $423 million.

CSG revenue declined 10% to $840 million, while EISG revenue dropped 17% to $376 million. Keysight's Q3 2024 revenue is expected to be between $1.18 billion and $1.20 billion, with non-GAAP EPS between $1.30 and $1.36. The webcast of the earnings call is available on the company’s investor site.

Keysight Technologies released its 2023 Corporate Social Responsibility (CSR) Report, highlighting advancements in environmental sustainability, social impact, ethical business practices, and governance. The report, aligned with GRI and SASB standards, showcases significant achievements, including surpassing social impact goals, making progress toward net zero emissions by 2040, and not incurring any material negative impacts from CSR-related matters. Highlights include the approval of near-term science-based targets, an increase in global renewable electricity to 5%, and engaging over 1.8 million students in STEM education. Keysight committed $319 million to community strengthening efforts and improved diversity and inclusion in its workforce.

Keysight Technologies, Inc. (KEYS) has been designated as a technical service provider for approval of the United Nations Economic Commission for Europe (UNECE) R155 and R156 regulations by the Netherlands Vehicle Authority (RDW). These regulations focus on cybersecurity and software updates for automotive systems, becoming mandatory for all new vehicles produced for UNECE countries starting July 2024. With this approval, Keysight aims to enhance vehicle safety, security, and compliance across the automotive supply chain.

Keysight Technologies, Inc. introduces pulse generator software for its FieldFox handheld analyzers, making it the only handheld device with an embedded signal generator up to 54 GHz. This software application offers a wide range of pulse types, from FM chirps to continuous wave signals, supporting various field applications such as radar testing and automotive radar simulation.

Keysight Technologies, Inc. (KEYS) and ETAS partner to enhance automotive cybersecurity with the integration of ETAS' fuzz testing software 'ESCRYPT CycurFUZZ' into Keysight's Automotive Cybersecurity Test Platform Solution. This collaboration aims to provide automakers and suppliers with a comprehensive cybersecurity solution to ensure the safety and security of connected vehicles. By incorporating CycurFUZZ, automakers can conduct comprehensive fuzz testing through CAN interfaces, effectively identifying vulnerabilities and weaknesses in automotive systems. Moreover, the integration enables compliance with international cybersecurity regulations such as UN R-155 and ISO/SAE 21434.

Keysight Technologies, Inc. introduces a new automated solution to test post-quantum cryptography, addressing the demand for improved security in the post-quantum era. This solution enables vendors to identify and fix hardware vulnerabilities, test the latest post-quantum cryptography algorithms, and provide certification services through Keysight Inspector.

Keysight Technologies, Inc. (NYSE: KEYS) has secured new test case validations for non-terrestrial networks (NTN) using narrowband internet of things (NB-IoT) technology. These validations cover transmitter and receiver, demodulation, and radio resource management, supporting certification testing at Global Certification Forum (GCF) Recognized Test Organizations. Keysight achieved a record number of new test case validations at Conformance Agreement Group #78 meeting. The company's NTN solutions enable NB-IoT NTN certification testing, supporting the convergence of terrestrial and non-terrestrial networks for global coverage and new use cases in the telecommunications industry.