Penguin Solutions (NASDAQ:PENG) Issues FY25 Earnings Guidance

Penguin Solutions (NASDAQ:PENG) updated its FY25 earnings guidance on Wednesday. The company provided EPS guidance of $1.50-1.70 for the period, compared to the consensus EPS estimate of $1.58. The company issued revenue guidance of $1.33-1.40 billion, compared to the consensus revenue estimate of $1.36 billion. Penguin Solutions also updated its FY 2025 guidance to 1.500-1.700 EPS.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on PENG shares. Rosenblatt Securities restated a “buy” rating and issued a $27.00 price objective on shares of Penguin Solutions in a report on Thursday, December 19th. Barclays boosted 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. JPMorgan Chase & Co. initiated coverage on Penguin Solutions in a report on Monday. They set a “neutral” rating and a $20.00 target price on the stock. Needham & Company LLC raised their target price on Penguin Solutions from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, January 9th. Finally, Loop Capital assumed coverage on shares of Penguin Solutions in a research report on Tuesday, January 7th. They set a “buy” rating and a $30.00 price target on the stock. One research analyst has rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $24.75.

Penguin Solutions Stock Up 4.5 %

PENG stock traded up $0.78 during mid-day trading on Wednesday, hitting $18.05. 1,317,769 shares of the company were exchanged, compared to its average volume of 901,693. Penguin Solutions has a 12-month low of $14.87 and a 12-month high of $22.67. The stock has a market capitalization of $961.90 million, a price-to-earnings ratio of -34.71 and a beta of 1.70. The firm’s fifty day simple moving average is $19.62. The company has a quick ratio of 1.75, a current ratio of 2.33 and a debt-to-equity ratio of 1.61.

Insider Buying and Selling

In other news, SVP Joseph Gates Clark sold 2,131 shares of the firm’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $20.94, for a total transaction of $44,623.14. Following the completion of the transaction, the senior vice president now directly owns 89,469 shares in the company, valued at $1,873,480.86. This trade represents a 2.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Jack A. Pacheco sold 6,667 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $22.14, for a total value of $147,607.38. Following the completion of the sale, the chief operating officer now owns 231,548 shares in the company, valued at $5,126,472.72. This represents a 2.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,684 shares of company stock valued at $393,617. Company insiders own 2.60% of the company’s stock.

About Penguin Solutions

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.