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

Penguin Solutions (NASDAQ:PENG) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 1.500-1.700 for the period, compared to the consensus EPS estimate of 1.580. The company issued revenue guidance of $1.3 billion-$1.4 billion, compared to the consensus revenue estimate of $1.4 billion. Penguin Solutions also updated its FY25 guidance to $1.50-1.70 EPS.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on PENG shares. JPMorgan Chase & Co. assumed coverage on shares of Penguin Solutions in a report on Monday. They set a “neutral” rating and a $20.00 price target for the company. Needham & Company LLC lifted their price objective on Penguin Solutions from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, January 9th. Rosenblatt Securities reiterated a “buy” rating and issued a $27.00 price objective on shares of Penguin Solutions in a report on Thursday, December 19th. Barclays upped their price objective on Penguin Solutions from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Finally, Loop Capital initiated coverage on shares of Penguin Solutions in a research note on Tuesday, January 7th. They issued 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 assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Penguin Solutions has an average rating of “Buy” and a consensus price target of $24.75.

Penguin Solutions Trading Up 4.5 %

Penguin Solutions stock traded up $0.78 during mid-day trading on Wednesday, hitting $18.05. The stock had a trading volume of 1,317,769 shares, compared to its average volume of 901,693. The firm’s 50-day moving average is $19.62. Penguin Solutions has a 12 month low of $14.87 and a 12 month high of $22.67. The firm has a market cap of $961.90 million, a PE ratio of -34.71 and a beta of 1.70. The company has a debt-to-equity ratio of 1.61, a current ratio of 2.33 and a quick ratio of 1.75.

Insider Buying and Selling

In other news, EVP Jack A. Pacheco sold 3,219 shares of the firm’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $20.00, for a total transaction of $64,380.00. Following the completion of the sale, the executive vice president now owns 231,548 shares in the company, valued at approximately $4,630,960. This trade represents a 1.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Joseph Gates Clark sold 2,131 shares of the company’s 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 directly owns 89,469 shares in the company, valued at approximately $1,873,480.86. This represents a 2.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,684 shares of company stock valued at $393,617. 2.60% of the stock is owned by company insiders.

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.