On August 18, Keysight fell 3.1% in regular trading, trading at $338.4/share, with turnover of $56.99 million. The decline reflects cautious market positioning ahead of the company's post-market earnings release scheduled for later today.

Consensus estimates project quarterly revenue of $1.737 billion, representing a 31.85% year-over-year increase, with adjusted earnings per share expected at $2.48, up 48.16% year-over-year. Last quarter, Keysight delivered revenue of $1.717 billion with a gross margin of 63.19% and adjusted EPS of $2.87. Despite broadly optimistic analyst sentiment — JPMorgan recently raised its price target to $400 from $390 while maintaining an Overweight rating — investors appear to be reducing exposure ahead of the results.

Within the Electronic Equipment & Instruments sector, the broader group showed weakness. Among individual stocks, Unusual Machines Inc up 6.3%, Ouster Inc. down 7.08%, Zebra down 3.14%, Advanced down 8.71%, LightPath down 2.43%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)