Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

Keysight Technologies In / Equity Bottom-Up

<ul><li>Keysight Technologies delivered a strong fiscal first-quarter 2025 performance, underpinned by robust revenues and profitability that exceeded the high-end of its guidance.</li><li>The company reported revenues of $1.3 billion and earnings per share of $1.82, both above expectations, marking the first core revenue growth in six quarters driven by the Communications Solutions Group and stabilization in the Electronic Industrial Solutions Group.</li><li>Orders saw a year-over-year increase for the second consecutive quarter, highlighting improving sales funnels and customer engagements.</li></ul>

Keysight Technologies delivered a strong fiscal first-quarter 2025 performance, underpinned by robust revenues and profitability that exceeded the high-end of its guidance.The company reported revenues of $1.3 billion and earnings per share of $1.82, both above expectations, marking the first core revenue growth in six quarters driven by the Communications Solutions Group and stabilization in the Electronic Industrial Solutions Group.Orders saw a year-over-year increase for the second consecutive quarter, highlighting improving sales funnels and customer engagements.

Keysight Technologies: 6 Major Elements Impacting Its 2025 Performance & Beyond!

<ul><li>Keysight Technologies reported fourth-quarter revenue and earnings per share that exceeded the high end of its guidance range.</li><li>The company delivered revenue of $1.287 billion, which was down 2% year-over-year but demonstrated resilience in challenging market conditions.</li><li>Orders for the quarter grew by 1% year-over-year and 8% sequentially, driven by strength in artificial intelligence (AI) applications and robust bookings in the U.S. aerospace, defense, and government sector.</li></ul>

Keysight Technologies reported fourth-quarter revenue and earnings per share that exceeded the high end of its guidance range.The company delivered revenue of $1.287 billion, which was down 2% year-over-year but demonstrated resilience in challenging market conditions.Orders for the quarter grew by 1% year-over-year and 8% sequentially, driven by strength in artificial intelligence (AI) applications and robust bookings in the U.S. aerospace, defense, and government sector.

Keysight Technologies: Will The Growth in Wireline Business Driven by AI Investments Last Long? - Major Drivers

<ul><li>Keysight Technologies, Inc. recently released its fiscal third-quarter earnings for 2024, providing detailed insights into its financial and operational performance.</li><li>The company reported a revenue of $1.2 billion and an earnings per share of $1.57, surpassing its own expectations.</li><li>Orders amounted to $1.25 billion, indicating a slight increase above expectations and aligning with the figures from the previous year, marking growth on a sequential basis.</li></ul>

Keysight Technologies, Inc. recently released its fiscal third-quarter earnings for 2024, providing detailed insights into its financial and operational performance.The company reported a revenue of $1.2 billion and an earnings per share of $1.57, surpassing its own expectations.Orders amounted to $1.25 billion, indicating a slight increase above expectations and aligning with the figures from the previous year, marking growth on a sequential basis.

Keysight Technologies Inc.: Expansion into Quantum Computing and AI Networks & Other Major Drivers

<ul><li>Keysight Technologies Inc.'s fiscal second-quarter earnings were decent and the company reported solid revenue of $1.2 billion, surpassing the high end of its guidance, with earnings per share of $1.41.</li><li>Orders worth $1.2 billion were reported to have aligned with the results of the prior quarter.</li><li>The company cited stability and growth in multiple end markets, despite constrained customer spending.</li></ul>

Keysight Technologies Inc.'s fiscal second-quarter earnings were decent and the company reported solid revenue of $1.2 billion, surpassing the high end of its guidance, with earnings per share of $1.41.Orders worth $1.2 billion were reported to have aligned with the results of the prior quarter.The company cited stability and growth in multiple end markets, despite constrained customer spending.

Keysight Technologies: Investments in Emerging Technologies and Expansion through Acquisitions! - Major Drivers

European Event-Driven Analyst

Jesus Rodriguez Aguilar

Event-Driven

<ul>
<li>The UK’s CMA cleared the Keysight-Spirent deal without a Phase 2 investigation, removing a major regulatory hurdle for the acquisition's completion.</li>
<li>If the acquisition is not finalized by June 30, 2025, Spirent shareholders will receive an additional 1p per share, compensating for the delay.</li>
<li>With a 7% gross spread and an 89% probability of completion, market confidence in the acquisition remains strong, supported by shareholder approval and regulatory progress.</li>
</ul>


The UK’s CMA cleared the Keysight-Spirent deal without a Phase 2 investigation, removing a major regulatory hurdle for the acquisition's completion.
If the acquisition is not finalized by June 30, 2025, Spirent shareholders will receive an additional 1p per share, compensating for the delay.
With a 7% gross spread and an 89% probability of completion, market confidence in the acquisition remains strong, supported by shareholder approval and regulatory progress.


UK Competition Regulator Clears Keysight/Spirent Deal

United States

Keysight Technologies, Inc. offers electronic measurement services using wireless, modular, and software solutions.

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Keysight Technologies In (KEYS US)

Keysight Technologies: 6 Major Elements Impacting Its 2025 Performance & Beyond!

Keysight Technologies delivered a strong fiscal first-quarter 2025 performance, underpinned by robust revenues and profitability that exceeded the...

Baptista Research

Keysight Technologies: Will The Growth in Wireline Business Driven by AI Investments Last Long? - Major Drivers

Keysight Technologies reported fourth-quarter revenue and earnings per share that exceeded the high end of its guidance range. The company...

Baptista Research

Keysight Technologies Inc.: Expansion into Quantum Computing and AI Networks & Other Major Drivers

Keysight Technologies, Inc. recently released its fiscal third-quarter earnings for 2024, providing detailed insights into its financial and...

Baptista Research

Keysight Technologies: Investments in Emerging Technologies and Expansion through Acquisitions! - Major Drivers

Keysight Technologies Inc.'s fiscal second-quarter earnings were decent and the company reported solid revenue of $1.2 billion, surpassing the...

Baptista Research

UK Competition Regulator Clears Keysight/Spirent Deal

UK's CMA clears Keysight-Spirent deal without Phase 2 investigation, boosting market confidence in acquisition completion by June 30, 2025.

Jesus Rodriguez Aguilar

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52-week Range

Market Cap (USDm)

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Keysight Technologies: 6 Major Elements Impacting Its 2025 Performance & Beyond!

Keysight Technologies delivered a strong fiscal first-quarter 2025 performance, underpinned by robust revenues and profitability that exceeded the...

Baptista Research

Keysight Technologies: Will The Growth in Wireline Business Driven by AI Investments Last Long? - Major Drivers

Keysight Technologies reported fourth-quarter revenue and earnings per share that exceeded the high end of its guidance range. The company...

Baptista Research

Keysight Technologies Inc.: Expansion into Quantum Computing and AI Networks & Other Major Drivers

Keysight Technologies, Inc. recently released its fiscal third-quarter earnings for 2024, providing detailed insights into its financial and...

Baptista Research

Keysight Technologies: Investments in Emerging Technologies and Expansion through Acquisitions! - Major Drivers

Keysight Technologies Inc.'s fiscal second-quarter earnings were decent and the company reported solid revenue of $1.2 billion, surpassing the...

Baptista Research

UK Competition Regulator Clears Keysight/Spirent Deal

​UK's CMA clears Keysight-Spirent deal without Phase 2 investigation, boosting market confidence in acquisition completion by June 30, 2025.

Jesus Rodriguez Aguilar

UK's CMA clears Keysight-Spirent deal without Phase 2 investigation, boosting market confidence in acquisition completion by June 30, 2025.