Santa Rosa, California-based Keysight Technologies, Inc. (KEYS) is a provider of electronic design and test solutions to various industries, including energy, semiconductor, electronics, defense, and more. With a market cap of $29.5 billion, Keysight operates through Communications Solutions and Electronic Industrial Solutions segments.

Companies worth $10 billion or more are generally described as "large-cap stocks." Keysight fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size, influence, and dominance in the scientific & technical instruments industry. Keysight’s operations span the Americas, EMEA, and Indo-Pacific.

Keysight touched its two-year high of $186.20 on Feb. 19 and is currently trading 7.6% below that peak. Meanwhile, the stock has gained nearly 6% over the past three months, notably lagging behind the Nasdaq Composite’s ($NASX) 13.4% surge during the same time frame.

Keysight has underperformed the Nasdaq Composite over the longer term as well. KEYS stock has gained 7.1% on a YTD basis and 15.1% over the past 52 weeks, compared to NASX’s 15.7% surge in 2025 and 27% returns over the past year.

Meanwhile, the stock has traded mostly above its 50-day and 200-day moving averages since early May with some fluctuations, underscoring its uptrend.

Despite reporting better-than-expected results, Keysight Technologies’ stock prices dropped nearly 3% in the trading session following the release of its Q3 results on Aug. 19. Driven by the continued momentum in demand, the company’s revenues for the quarter increased 11.1% year-over-year to $1.4 billion, surpassing the Street expectations by 2.9%. Meanwhile, Keysight observed a notable contraction in adjusted net margin, leading to a much more modest 8% growth in adjusted net income to $297 million.

Nevertheless, its adjusted EPS of $1.72 surpassed the consensus estimates by a notable margin. Following the initial dip, KEYS stock prices rebounded more than 5% in the next two trading sessions.

When compared to its peer, Keysight has also lagged behind Trimble Inc.’s (TRMB) 14.5% gains in 2025 and 38.5% surge over the past 52 weeks.

However, analysts remain optimistic about Keysight’s prospects. The stock has a consensus “Strong Buy” rating among the 11 analysts covering it. Its mean price target of $191 represents an 11% premium to current price levels.