On August 18, Keysight fell 3.02% in pre-market trading, trading at $350.25 USD/share, with turnover of $1.6366 million. The decline comes as the company is scheduled to release its fiscal Q3 earnings report after today's market close.

Market consensus estimates project quarterly revenue of $1.737 billion, representing 31.85% year-over-year growth, with adjusted EPS expected at $2.48, a 48.16% increase. Last quarter, the company reported revenue of $1.717 billion with a gross margin of 63.19% and adjusted EPS of $2.87. Despite optimistic analyst sentiment — JPMorgan recently raised its price target to $400 maintaining an Overweight rating, and Morgan Stanley upgraded the stock to Overweight with a $400 target — pre-earnings caution appears to be weighing on shares.

Within the Electronic Equipment and Instruments sector, broader weakness is evident. Among individual stocks, Zebra down 0.74%, Unusual Machines Inc down 5.47%, Ouster Inc. down 6.48%, Advanced Energy down 4.48%, and Cognex down 1.89%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)