Keysight Technologies (NYSE:KEYS) shares surged more than 7% yesterday after the company reported its Q2 earnings, with EPS of $2.12 coming in better than the Street estimate of $1.95. Revenue was $1.39 billion, beating the Street estimate of $1.38B.

For Q3, the company expects revenue in the range of $1.34-$1.39B, compared to the Street estimate of $1.38B, and EPS in the range of $2.00-$2.06, compared to the Street estimate of $1.96.

According to the analysts at Deutsche Bank, investor sentiment has been leaning incrementally negative in recent months, despite a more positive Analyst Day in March where management laid out better than expected multi-year targets.