Recent developments at Keysight Technologies reveal strategic alliances meant to enhance their market positioning, such as the collaboration with Aalyria to boost 5G NTN solutions, and a partnership with SynaXG for Open RAN energy efficiency. Despite these efforts, Keysight's share price fell 6.7% over the last quarter. This decline could be influenced by broader market concerns, as the Dow Jones and Nasdaq indexes have also experienced decreases due to disappointing economic reports and inflation fears. The sluggish tech performance, as seen with major companies like Nvidia and concerns over U.S. trade policies potentially impacting technology exports, could have compounded investor apprehension toward the stock. Additionally, amidst the U.S. market's 1.3% drop, the pressure on tech sectors may have further contributed to the stock's declining trend despite Keysight's active participation in promising collaborations and impactful innovations aimed at driving future growth.

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Over the past five years, Keysight Technologies has delivered a total shareholder return of 78.85%, reflecting solid growth when compared to its more recent performance. This period saw Keysight advancing its market position through significant partnerships, such as collaborations with NVIDIA for 6G research and Ericsson for pre-6G radio access developments. These initiatives likely bolstered investor confidence and contributed to long-term total returns.

Noteworthy transactions, like the completion of a US$1.02 billion stock buyback in March 2025, may have enhanced shareholder value by reducing outstanding shares. However, Keysight's performance within the last year shows it underperformed both the US market and the Electronic industry, as evidenced by its earnings growth lag in comparison to competitors. Operationally, while revenue and net income showed some improvement over the years, challenges like declining profit margins may have counteracted some of the positive impacts of their robust growth initiatives on recent returns.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include NYSE:KEYS.

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