Keysight Technologies, Inc. KEYS reported better-than-expected fourth-quarter financial results.

Keysight Techs reported quarterly earnings of $1.65 per share which beat the analyst consensus estimate of $1.57. The company reported quarterly sales of $1.287 billion which beat the analyst consensus estimate of $1.258 billion.

“Keysight executed well and delivered fourth-quarter revenue and earnings per share above the high end of guidance under market conditions which remained consistent with our expectations,” said Satish Dhanasekaran, president and CEO of Keysight. “As we look ahead, the strength of our differentiated portfolio, deep engagement with customers and the accelerating pace of technology innovation give us confidence in our ability to outperform as markets recover.”

Keysight expects first-quarter revenue to be in the range of $1.265 billion to $1.285 billion. The company expects first-quarter adjusted earnings to be between $1.65 and $1.71 per share

Keysight shares gained 0.5% to close at $152.13 on Tuesday.

These analysts made changes to their price targets on Keysight following earnings announcement.

• Baird analyst Richard Eastman maintained Keysight with an Outperform and raised the price target from $163 to $180.
• Deutsche Bank analyst Matthew Niknam maintained the stock with a Buy and raised the price target from $175 to $180.
• Morgan Stanley analyst Meta Marshall maintained Keysight with an Overweight and raised the price target from $165 to $180.
• Barclays analyst Tim Long maintained Keysight with an Overweight and raised the price target from $180 to $200.

Considering buying KEYS stock? Here’s what analysts think:

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