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Cooling demand for 5G mobile technology will hit orders.
Courtesy Keysight Technologies
Keysight Technologies
was downgraded to Underperform from Neutral by
Bank of America
on Monday, sending shares lower ahead of its earnings report on Thursday.
Analyst David Ridley-Lane said that cooling demand for 5G mobile technology will hit orders, probably leading to a bigger decline than previously expected. Investment in 5G development is waning and the past experience in 4G suggests that revenues go flat after the cycle peaks, he said in a research note.
Keysight (ticker: KEYS) stock dropped 1.1% to $154.72 in early trading. The shares are down almost 10% this year.
Keysight didn’t immediately respond to a request for comment.
Write to Brian Swint at [email protected]
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