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

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

Penguin Solutions Stock Up 4.0 %

Penguin Solutions stock opened at $20.91 on Thursday. Penguin Solutions has a 1-year low of $14.87 and a 1-year high of $29.81. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.75 and a current ratio of 2.33. The business’s 50 day moving average price is $19.68.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PENG. Loop Capital initiated coverage on Penguin Solutions in a research report on Tuesday, January 7th. They issued a “buy” rating and a $30.00 price objective on the stock. Barclays lifted their price target on Penguin Solutions from $22.00 to $23.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. JMP Securities began coverage on shares of Penguin Solutions in a research note on Monday, November 18th. They issued an “outperform” rating and a $23.00 target price on the stock. Rosenblatt Securities reissued a “buy” rating and issued a $27.00 price target on shares of Penguin Solutions in a research note on Thursday, December 19th. Finally, Needham & Company LLC raised their price objective on shares of Penguin Solutions from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, January 9th. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $25.43.

Insider Activity at Penguin Solutions

In related news, SVP Joseph Gates Clark sold 2,131 shares of the firm’s stock in a transaction that occurred 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jack A. Pacheco sold 13,334 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief operating officer now owns 235,960 shares of the company’s stock, valued at $4,730,998. The trade was a 5.35 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,062 shares of company stock valued at $621,917. 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.