Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

Keysight Technologies In / Equity Bottom-Up

<ul><li>Keysight Technologies reported its fiscal third-quarter results for 2025, demonstrating strong execution and resilience in its operations.</li><li>The company achieved a robust 11% year-over-year revenue increase, reaching $1.4 billion, with earnings per share at $1.72, surpassing previous guidance.</li><li>Order growth was also positive, with a 7% increase, supported by growth across both the Communications Solutions Group (CSG) and Electronic Industrial Solutions Group (EISG).</li></ul>

Keysight Technologies reported its fiscal third-quarter results for 2025, demonstrating strong execution and resilience in its operations.The company achieved a robust 11% year-over-year revenue increase, reaching $1.4 billion, with earnings per share at $1.72, surpassing previous guidance.Order growth was also positive, with a 7% increase, supported by growth across both the Communications Solutions Group (CSG) and Electronic Industrial Solutions Group (EISG).

Keysight Technologies: Is the Aerospace Edge the Hidden Catalyst For Future Growth?

<ul><li>Keysight Technologies reported its fiscal second quarter 2025 earnings, highlighting several key aspects that investors may find noteworthy.</li><li>The company delivered a robust performance, with revenues at $1.3 billion and earnings per share of $1.70, both exceeding the high-end of guidance.</li><li>This performance marks continued revenue growth, driven by strong demand in the Communications Solutions Group (CSG) and a return to growth in the Electronics Industrial Solutions Group (EISG).</li></ul>

Keysight Technologies reported its fiscal second quarter 2025 earnings, highlighting several key aspects that investors may find noteworthy.The company delivered a robust performance, with revenues at $1.3 billion and earnings per share of $1.70, both exceeding the high-end of guidance.This performance marks continued revenue growth, driven by strong demand in the Communications Solutions Group (CSG) and a return to growth in the Electronics Industrial Solutions Group (EISG).

Keysight Technologies Taps into 6G & Open RAN—Is This the Future of Wireless Dominance?

<ul><li>Keysight Technologies delivered a strong fiscal first-quarter 2025 performance, underpinned by robust revenues and profitability that exceeded the high-end of its guidance.</li><li>The company reported revenues of $1.3 billion and earnings per share of $1.82, both above expectations, marking the first core revenue growth in six quarters driven by the Communications Solutions Group and stabilization in the Electronic Industrial Solutions Group.</li><li>Orders saw a year-over-year increase for the second consecutive quarter, highlighting improving sales funnels and customer engagements.</li></ul>

Keysight Technologies delivered a strong fiscal first-quarter 2025 performance, underpinned by robust revenues and profitability that exceeded the high-end of its guidance.The company reported revenues of $1.3 billion and earnings per share of $1.82, both above expectations, marking the first core revenue growth in six quarters driven by the Communications Solutions Group and stabilization in the Electronic Industrial Solutions Group.Orders saw a year-over-year increase for the second consecutive quarter, highlighting improving sales funnels and customer engagements.

Keysight Technologies: 6 Major Elements Impacting Its 2025 Performance & Beyond!

Founder at Stock Spin-off Investing, Stock Spin-Off Investing

Richard Howe

Founder at Stock Spin-off Investing

Stock Spin-Off Investing

Generate attractive returns by taking advantage of inefficiencies in the stock spin-off market.

Stock Spin-offs

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/holcim-ltd-7f60ceaa-51af-4f85-ac5f-114595eb04f3" target="_blank" data-smartkarma-citation="entities:27916" rel="noopener">Holcim (HOLN SW)</a> spun off its construction materials and solutions business into a standalone company on Friday, June 20th.</li>
<li>The new company is called <a href="https://www.smartkarma.com/entities/amrize-ltd" target="_blank" data-smartkarma-citation="entities:45209" rel="noopener">Amrize (AMRZ US)</a>. </li>
<li>The first day of trading will be Monday, June 23, 2025.</li>
</ul>



Holcim (HOLN SW) spun off its construction materials and solutions business into a standalone company on Friday, June 20th.
The new company is called Amrize (AMRZ US). 
The first day of trading will be Monday, June 23, 2025.


European Event-Driven Analyst

Jesus Rodriguez Aguilar

<ul>
<li>The UK’s CMA cleared the Keysight-Spirent deal without a Phase 2 investigation, removing a major regulatory hurdle for the acquisition's completion.</li>
<li>If the acquisition is not finalized by June 30, 2025, Spirent shareholders will receive an additional 1p per share, compensating for the delay.</li>
<li>With a 7% gross spread and an 89% probability of completion, market confidence in the acquisition remains strong, supported by shareholder approval and regulatory progress.</li>
</ul>


The UK’s CMA cleared the Keysight-Spirent deal without a Phase 2 investigation, removing a major regulatory hurdle for the acquisition's completion.
If the acquisition is not finalized by June 30, 2025, Spirent shareholders will receive an additional 1p per share, compensating for the delay.
With a 7% gross spread and an 89% probability of completion, market confidence in the acquisition remains strong, supported by shareholder approval and regulatory progress.


UK Competition Regulator Clears Keysight/Spirent Deal

United States

Keysight Technologies, Inc. offers electronic measurement services using wireless, modular, and software solutions.

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Keysight Technologies In (KEYS US)

Keysight Technologies: Is the Aerospace Edge the Hidden Catalyst For Future Growth?

Keysight Technologies reported its fiscal third-quarter results for 2025, demonstrating strong execution and resilience in its operations. The...

Baptista Research

Keysight Technologies Taps into 6G & Open RAN—Is This the Future of Wireless Dominance?

Keysight Technologies reported its fiscal second quarter 2025 earnings, highlighting several key aspects that investors may find noteworthy. The...

Baptista Research

Keysight Technologies: 6 Major Elements Impacting Its 2025 Performance & Beyond!

Keysight Technologies delivered a strong fiscal first-quarter 2025 performance, underpinned by robust revenues and profitability that exceeded the...

Baptista Research

Weekly Update (AMRZ, LION, FTV)

The AMRZ spin-off aims to capitalize on the higher valuation multiples of US building supply companies compared to their European counterparts.

Richard Howe

UK Competition Regulator Clears Keysight/Spirent Deal

UK's CMA clears Keysight-Spirent deal without Phase 2 investigation, boosting market confidence in acquisition completion by June 30, 2025.

Jesus Rodriguez Aguilar

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Keysight Technologies: Is the Aerospace Edge the Hidden Catalyst For Future Growth?

Keysight Technologies reported its fiscal third-quarter results for 2025, demonstrating strong execution and resilience in its operations. The...

Baptista Research

Keysight Technologies Taps into 6G & Open RAN—Is This the Future of Wireless Dominance?

Keysight Technologies reported its fiscal second quarter 2025 earnings, highlighting several key aspects that investors may find noteworthy. The...

Baptista Research

Keysight Technologies: 6 Major Elements Impacting Its 2025 Performance & Beyond!

Keysight Technologies delivered a strong fiscal first-quarter 2025 performance, underpinned by robust revenues and profitability that exceeded the...

Baptista Research

Weekly Update (AMRZ, LION, FTV)

The AMRZ spin-off aims to capitalize on the higher valuation multiples of US building supply companies compared to their European counterparts.

Richard Howe

UK Competition Regulator Clears Keysight/Spirent Deal

​UK's CMA clears Keysight-Spirent deal without Phase 2 investigation, boosting market confidence in acquisition completion by June 30, 2025.

Jesus Rodriguez Aguilar

UK's CMA clears Keysight-Spirent deal without Phase 2 investigation, boosting market confidence in acquisition completion by June 30, 2025.