Electronics test and measurement equipment and software manufacturer Keysight Technologies, Inc. (KEYS) recently announced the launch of its cloud-based 5G Radio Access Network Performance Analytics Solution, Keysight Nemo 5G RAN Analytics. Following the news, shares of the company appreciated marginally to close at $166.65 on Monday.
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The software, which is based on a centralized, web-based data management platform, has been launched to make the function of data processing as well as reporting and analytics more efficient and streamlined. The software also connects smoothly with other Keysight Nemo solutions, enabling users to quickly and reliably upload data.
The Vice-President and General Manager for Nemo Wireless Network Solutions at Keysight, Petri Toljamo, said, “By improving the efficiency in the data analytics workflow, Nemo 5G RAN Analytics supports smooth roll-outs of a wide range of 5G services in diverse network typologies.” (See Keysight stock chart on TipRanks)
Two months ago, Barclays analyst Tim Long downgraded the stock to a Hold with a price target of $162, which implies downside potential of 2.8% from current levels.
The Wall Street community is cautiously optimistic about the stock with a Moderate Buy consensus based on 3 Buys and 2 Holds. The average Keysight price target of $164.20 implies that the stock has downside potential of 1.5% from current levels.
Keysight scores an 8 out of 10 on TipRanks’ Smart Score rating system, indicating that the stock has strong potential to outperform market expectations. Shares have gained 62.4% over the past year.
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