Keysight's Spirent Acquisition And Cyclical Recovery To Drive 12% EPS Growth In FY25; JP Morgan Upgrades Stock
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 16 2024
0mins
Source: Benzinga
Analyst Upgrade: JP Morgan analyst Samik Chatterjee upgraded Keysight Technologies to Overweight and raised the price target from $170 to $200, citing expectations of increased demand and a cyclical recovery through 2025, particularly following the Spirent acquisition.
Positive Growth Forecast: The analyst anticipates stronger revenue growth in FY25, with a projected 12% EPS growth, driven by broader demand beyond AI, lower capital costs, and increased spending from telecom and semiconductor sectors.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy KEYS?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on KEYS
Wall Street analysts forecast KEYS stock price to fall
10 Analyst Rating
8 Buy
2 Hold
0 Sell
Strong Buy
Current: 350.290
Low
205.00
Averages
222.30
High
232.00
Current: 350.290
Low
205.00
Averages
222.30
High
232.00
About KEYS
Keysight Technologies, Inc. specializes in the computing, communications and electronics market. Its portfolio of hardware, software, and services enables its customers’ engineering workflows as they design, manufacture, deploy, and optimize their products and solutions. Its segments include Communications Solutions Group (CSG) and Electronic Industrial Solutions Group (EISG). CSG solutions consist of electronic design and test software, instrumentation, systems, and related services, serving customers across the global commercial communications and aerospace, defense, and government end markets. EISG solutions consist of electronic design, test and simulation software, optical design and photonics simulation tools, instrumentation, systems, and related services, serving customers across a diverse set of end markets focused on automotive and energy, semiconductor solutions, and general electronics. Its product categories include oscilloscopes, and digital multimeters, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Keysight Acquires VPIphotonics to Enhance Photonic Design Capabilities
- Acquisition Completed: Keysight Technologies completed its acquisition of VPIphotonics on June 9, 2026, integrating system-level simulation into its photonic design automation portfolio, significantly enhancing design capabilities from components to complete links to meet the growing demand in silicon photonics and co-packaged optics markets.
- Workflow Integration: With the VPIphotonics Design Suite, Keysight's photonic design automation now spans from device physics to full system behavior, enabling engineers to simulate the entire transceiver path in a single environment, thereby reducing errors and delays associated with design handoffs.
- Growing Market Demand: As demand for photonic design surges in data center and AI infrastructure markets, Keysight's acquisition positions it to offer robust workflow solutions that address design complexities for customers operating at speeds exceeding 1 THz, enhancing its competitive edge.
- Team Synergy: The integration of the VPIphotonics team will further solidify Keysight's leadership in photonic design, allowing both companies to collaboratively develop efficient design tools that better address critical challenges in photonic design, driving technological innovation.
See More
Keysight Partners with Siemens to Enhance PLM Test Automation
- Partnership Announcement: Keysight Technologies has joined the Siemens Digital Industries Software Technology Partner Program, enabling customers to utilize the AI-driven Eggplant Test for validating digital engineering and product lifecycle management (PLM) environments, thereby enhancing testing efficiency and accuracy.
- Market Demand: Manufacturers are under increasing pressure to shorten development cycles, particularly as software-driven products become more complex, rendering traditional manual testing processes inadequate for scalable needs and leading to operational inefficiencies.
- Solution Benefits: Through this partnership, customers using Teamcenter® software can leverage Keysight Eggplant Test to validate enterprise applications and engineering workflows before production, significantly reducing the risk of undetected issues and ensuring system performance and reliability.
- Strategic Importance: Gareth Smith, General Manager of Software Quality Engineering at Keysight, emphasized that as PLM environments grow in complexity, organizations require a reliable AI-driven solution to validate software, ensuring system stability and performance at every stage of the product lifecycle.
See More
Keysight Supports GF's Silicon Photonics Technology
- Circuit Design Optimization: Keysight Technologies announced support for GlobalFoundries' silicon photonics process technology in its Advanced Design System (ADS) Photonic Designer, enabling designers to transition from photonic integrated circuit (PIC) design to full electro-optical-electrical (EOE) system simulation within a single environment, thereby enhancing design efficiency and reducing development risks.
- Simplified Performance Validation: By connecting PIC design with system-level EOE simulation, engineers can validate photonic circuit optical link behavior, including eye diagram analysis and signal integrity metrics, without switching tools, ensuring that designs meet expected performance before production.
- Accelerated Development Cycle: Keysight's physics-based models aligned with GF's silicon photonics process are ready for immediate use, allowing teams to start working without the need to build or calibrate component libraries from scratch, thus shortening time to first design and improving market responsiveness.
- Early System-Level Insights: By evaluating how PIC performance affects optical link early in architecture development, engineers can reduce design iterations and accelerate time to market, further enhancing the company's competitiveness in high-speed optical interconnect architecture development.
See More
Keysight Launches New Signal Analyzers for Faster Wireless Design
- Enhanced Signal Capture: The Pro XA6 SA6320A signal analyzer from Keysight features an analysis bandwidth of up to 8 GHz, enabling broader signal capture that simplifies workflows and accelerates the design and validation of wireless systems.
- Support for High-Frequency Design: With frequency coverage extending to 67 GHz, this device is tailored for next-generation wireless, millimeter-wave, and radar applications, significantly improving signal clarity and measurement accuracy, thus aiding engineers in quickly identifying signal impairments.
- Accelerated 5G NR Analysis: The GPU-accelerated demodulation speeds of the Pro XA6 SA6320A shorten the analysis time for wideband 5G NR error vector magnitude (EVM) measurements, enhancing the efficiency of engineering teams.
- Streamlined Validation Processes: The Expert XA5 SA6210A signal analyzer employs a dual-receiver architecture to support 5G NR and WLAN MIMO measurements, enabling faster single-instrument analysis of complex RF interactions, thereby increasing measurement confidence.
See More
Keysight Partners with NTT to Accelerate 6G Development
- Collaboration Background: Keysight Technologies is collaborating with NTT DOCOMO and NTT under a memorandum of understanding to accelerate the development of 6G wireless communication design, testing, and measurement technologies, enhancing the evaluation and validation of next-generation wireless architectures.
- Technical Progress: The companies have made initial strides in measurement-driven channel modeling and distributed Multiple-Input Multiple-Output (MIMO) simulation, enabling researchers to evaluate wireless system performance in complex environments with greater confidence.
- Realistic Simulation: Keysight and DOCOMO are refining channel models using real-world radio propagation measurements to better simulate complex wireless conditions in laboratory settings, thereby improving the repeatability and scalability of 6G architecture evaluations.
- Industry Impact: This collaboration not only helps reduce the risks associated with transitioning from research to deployment but also provides a more reliable validation foundation for innovation within the 6G ecosystem, with initial results expected to be presented at the EuCNC & 6G Summit 2026 in Malaga, Spain.
See More
Keysight Achieves DEKRA EN 18052:2025 Certification
- Compliance Risk Reduction: Keysight's achievement of DEKRA's EN 18052:2025 certification empowers automakers to mitigate compliance risks amidst evolving safety regulations, thereby accelerating the time-to-market for next-generation connected vehicles.
- Integration Optimization: The certification validates Keysight's Hybrid eCall solution's reliability across mixed network environments, enabling vehicles to dynamically switch based on real-world network availability, enhancing operational capabilities in diverse conditions.
- Critical Testing Scenarios: The certification covers essential scenarios such as emergency call setup, Minimum Set of Data (MSD) transmission, and voice communication, ensuring connection stability and data accuracy under realistic network conditions, thus improving emergency response efficiency.
- Strengthened Industry Leadership: Keysight will showcase its testing leadership at the ETSI NG-eCall Plugtests™ 2026, further solidifying its role as a technology partner in automotive emergency communications through collaboration with manufacturers and emergency service stakeholders.
See More
Keysight Acquires VPIphotonics to Enhance Photonic Design Capabilities
- Acquisition Completed: Keysight Technologies completed its acquisition of VPIphotonics on June 9, 2026, integrating system-level simulation into its photonic design automation portfolio, significantly enhancing design capabilities from components to complete links to meet the growing demand in silicon photonics and co-packaged optics markets.
- Workflow Integration: With the VPIphotonics Design Suite, Keysight's photonic design automation now spans from device physics to full system behavior, enabling engineers to simulate the entire transceiver path in a single environment, thereby reducing errors and delays associated with design handoffs.
- Growing Market Demand: As demand for photonic design surges in data center and AI infrastructure markets, Keysight's acquisition positions it to offer robust workflow solutions that address design complexities for customers operating at speeds exceeding 1 THz, enhancing its competitive edge.
- Team Synergy: The integration of the VPIphotonics team will further solidify Keysight's leadership in photonic design, allowing both companies to collaboratively develop efficient design tools that better address critical challenges in photonic design, driving technological innovation.
See More
Keysight Partners with Siemens to Enhance PLM Test Automation
- Partnership Announcement: Keysight Technologies has joined the Siemens Digital Industries Software Technology Partner Program, enabling customers to utilize the AI-driven Eggplant Test for validating digital engineering and product lifecycle management (PLM) environments, thereby enhancing testing efficiency and accuracy.
- Market Demand: Manufacturers are under increasing pressure to shorten development cycles, particularly as software-driven products become more complex, rendering traditional manual testing processes inadequate for scalable needs and leading to operational inefficiencies.
- Solution Benefits: Through this partnership, customers using Teamcenter® software can leverage Keysight Eggplant Test to validate enterprise applications and engineering workflows before production, significantly reducing the risk of undetected issues and ensuring system performance and reliability.
- Strategic Importance: Gareth Smith, General Manager of Software Quality Engineering at Keysight, emphasized that as PLM environments grow in complexity, organizations require a reliable AI-driven solution to validate software, ensuring system stability and performance at every stage of the product lifecycle.
See More
Keysight Supports GF's Silicon Photonics Technology
- Circuit Design Optimization: Keysight Technologies announced support for GlobalFoundries' silicon photonics process technology in its Advanced Design System (ADS) Photonic Designer, enabling designers to transition from photonic integrated circuit (PIC) design to full electro-optical-electrical (EOE) system simulation within a single environment, thereby enhancing design efficiency and reducing development risks.
- Simplified Performance Validation: By connecting PIC design with system-level EOE simulation, engineers can validate photonic circuit optical link behavior, including eye diagram analysis and signal integrity metrics, without switching tools, ensuring that designs meet expected performance before production.
- Accelerated Development Cycle: Keysight's physics-based models aligned with GF's silicon photonics process are ready for immediate use, allowing teams to start working without the need to build or calibrate component libraries from scratch, thus shortening time to first design and improving market responsiveness.
- Early System-Level Insights: By evaluating how PIC performance affects optical link early in architecture development, engineers can reduce design iterations and accelerate time to market, further enhancing the company's competitiveness in high-speed optical interconnect architecture development.
See More
Keysight Launches New Signal Analyzers for Faster Wireless Design
- Enhanced Signal Capture: The Pro XA6 SA6320A signal analyzer from Keysight features an analysis bandwidth of up to 8 GHz, enabling broader signal capture that simplifies workflows and accelerates the design and validation of wireless systems.
- Support for High-Frequency Design: With frequency coverage extending to 67 GHz, this device is tailored for next-generation wireless, millimeter-wave, and radar applications, significantly improving signal clarity and measurement accuracy, thus aiding engineers in quickly identifying signal impairments.
- Accelerated 5G NR Analysis: The GPU-accelerated demodulation speeds of the Pro XA6 SA6320A shorten the analysis time for wideband 5G NR error vector magnitude (EVM) measurements, enhancing the efficiency of engineering teams.
- Streamlined Validation Processes: The Expert XA5 SA6210A signal analyzer employs a dual-receiver architecture to support 5G NR and WLAN MIMO measurements, enabling faster single-instrument analysis of complex RF interactions, thereby increasing measurement confidence.
See More
Keysight Partners with NTT to Accelerate 6G Development
- Collaboration Background: Keysight Technologies is collaborating with NTT DOCOMO and NTT under a memorandum of understanding to accelerate the development of 6G wireless communication design, testing, and measurement technologies, enhancing the evaluation and validation of next-generation wireless architectures.
- Technical Progress: The companies have made initial strides in measurement-driven channel modeling and distributed Multiple-Input Multiple-Output (MIMO) simulation, enabling researchers to evaluate wireless system performance in complex environments with greater confidence.
- Realistic Simulation: Keysight and DOCOMO are refining channel models using real-world radio propagation measurements to better simulate complex wireless conditions in laboratory settings, thereby improving the repeatability and scalability of 6G architecture evaluations.
- Industry Impact: This collaboration not only helps reduce the risks associated with transitioning from research to deployment but also provides a more reliable validation foundation for innovation within the 6G ecosystem, with initial results expected to be presented at the EuCNC & 6G Summit 2026 in Malaga, Spain.
See More
Keysight Achieves DEKRA EN 18052:2025 Certification
- Compliance Risk Reduction: Keysight's achievement of DEKRA's EN 18052:2025 certification empowers automakers to mitigate compliance risks amidst evolving safety regulations, thereby accelerating the time-to-market for next-generation connected vehicles.
- Integration Optimization: The certification validates Keysight's Hybrid eCall solution's reliability across mixed network environments, enabling vehicles to dynamically switch based on real-world network availability, enhancing operational capabilities in diverse conditions.
- Critical Testing Scenarios: The certification covers essential scenarios such as emergency call setup, Minimum Set of Data (MSD) transmission, and voice communication, ensuring connection stability and data accuracy under realistic network conditions, thus improving emergency response efficiency.
- Strengthened Industry Leadership: Keysight will showcase its testing leadership at the ETSI NG-eCall Plugtests™ 2026, further solidifying its role as a technology partner in automotive emergency communications through collaboration with manufacturers and emergency service stakeholders.
See More
