Keysight Technologies ( (KEYS) ) has issued an announcement.
Keysight Technologies has announced an agreement with VIAVI Solutions to sell Spirent’s high-speed ethernet and network security business lines, contingent upon the completion of Keysight’s acquisition of Spirent. This strategic move is part of Keysight’s proactive approach to address regulatory processes and is expected to enhance the company’s market positioning by streamlining its operations and focusing on its core competencies. The acquisition and subsequent divestment are anticipated to be completed in the first half of Keysight’s fiscal year, which ends on April 30, 2025.
More about Keysight Technologies
Keysight Technologies, Inc. is a global leader in providing design, emulation, and test solutions that enable engineers to develop and deploy technologies faster and with reduced risk. The company serves a wide range of markets, including communications, industrial automation, aerospace and defense, automotive, semiconductor, and general electronics, helping customers accelerate innovation to connect and secure the world.
YTD Price Performance: -0.81%
Average Trading Volume: 1,059,673
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $27.58B
For an in-depth examination of KEYS stock, go to TipRanks’ Stock Analysis page.