Penguin Solutions (NASDAQ:PENG) Updates 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.

Analyst Upgrades and Downgrades

PENG has been the topic of several analyst reports. JMP Securities began coverage on Penguin Solutions in a report on Monday, November 18th. They set an “outperform” rating and a $23.00 target price on the stock. Loop Capital assumed coverage on Penguin Solutions in a research note on Tuesday, January 7th. They issued a “buy” rating and a $30.00 target price for the company. Barclays raised their price objective on shares of Penguin Solutions from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. Citizens Jmp raised Penguin Solutions to a “strong-buy” rating in a research note on Monday, November 18th. Finally, Stifel Nicolaus decreased their target price on Penguin Solutions from $32.00 to $27.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Six equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $25.43.

Penguin Solutions Trading Down 1.2 %

Shares of NASDAQ:PENG opened at $20.03 on Tuesday. The company has a quick ratio of 1.75, a current ratio of 2.33 and a debt-to-equity ratio of 1.61. The stock has a fifty day moving average of $19.58. Penguin Solutions has a 52-week low of $14.87 and a 52-week high of $29.81.

Insider Transactions at Penguin Solutions

In related news, SVP Joseph Gates Clark sold 2,131 shares of Penguin Solutions stock in a transaction dated Thursday, January 23rd. The shares were 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 of the company’s stock, valued at approximately $1,873,480.86. The trade was a 2.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jack A. Pacheco sold 13,334 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $20.05, for a total value of $267,346.70. Following the transaction, the chief operating officer now owns 235,960 shares in the company, valued at approximately $4,730,998. This represents a 5.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,062 shares of company stock valued at $621,917 in the last three months. 2.60% of the stock is currently owned by company insiders.

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.