Penguin Solutions (NASDAQ:PENG) Releases FY 2025 Earnings Guidance

Penguin Solutions (NASDAQ:PENG) updated its FY 2025 earnings guidance on Tuesday. The company provided EPS guidance of 1.300-1.700 for the period, compared to the consensus EPS estimate of 1.670. The company issued revenue guidance of $1.3 billion-$1.4 billion.

Wall Street Analyst Weigh In

Several research analysts have commented on PENG shares. JMP Securities initiated coverage on Penguin Solutions in a research report on Monday, November 18th. They issued an “outperform” rating and a $23.00 price target on the stock. Citizens Jmp raised Penguin Solutions to a “strong-buy” rating in a research note on Monday, November 18th. Needham & Company LLC increased their target price on shares of Penguin Solutions from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, January 9th. Loop Capital initiated coverage on shares of Penguin Solutions in a report on Tuesday, January 7th. They issued a “buy” rating and a $30.00 price objective on the stock. Finally, Barclays increased their price target on shares of Penguin Solutions from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Penguin Solutions currently has an average rating of “Buy” and an average price target of $25.43.

Penguin Solutions Price Performance

NASDAQ PENG opened at $20.03 on Tuesday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.75 and a current ratio of 2.33. Penguin Solutions has a 12 month low of $14.87 and a 12 month high of $29.81. The business has a 50 day simple moving average of $19.58.

Insider Activity at Penguin Solutions

In other Penguin Solutions news, SVP Joseph Gates Clark sold 2,131 shares of Penguin Solutions stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $20.94, for a total value of $44,623.14. Following the completion of the transaction, the senior vice president now owns 89,469 shares of the company’s stock, valued at approximately $1,873,480.86. The trade was a 2.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Jack A. Pacheco sold 13,334 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $20.05, for a total transaction of $267,346.70. Following the completion of the transaction, the chief operating officer now directly owns 235,960 shares in the company, valued at $4,730,998. This represents a 5.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,062 shares of company stock worth $621,917. Company insiders own 2.60% of the company’s stock.

Penguin Solutions Company Profile

Penguin Solutions, Inc engages in the designing and development of enterprise solutions worldwide. It operates through three segments: Advanced Computing, Integrated Memory, and Optimized LED. It offers dynamic random access memory modules, solid-state and flash storage, and other advanced integrated memory solutions for networking and telecom, data analytics, artificial intelligence and machine learning applications; and supply chain services, including procurement, logistics, inventory management, temporary warehousing, programming, kitting, and packaging services.