Penguin Solutions (NASDAQ:PENG) Updates FY25 Earnings Guidance

by · The Cerbat Gem

Penguin Solutions (NASDAQ:PENG – Get Free Report) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided EPS guidance of $1.30-$1.70 for the period, compared to the consensus EPS estimate of $1.65. The company issued revenue guidance of $1.29-$1.40 billion, compared to the consensus revenue estimate of $1.34 billion.

Penguin Solutions Stock Down 3.6 %

Shares of NASDAQ:PENG traded down $0.71 during midday trading on Wednesday, hitting $19.13. The stock had a trading volume of 1,088,153 shares, compared to its average volume of 798,321. Penguin Solutions has a fifty-two week low of $14.87 and a fifty-two week high of $29.81. The company has a market capitalization of $1.02 billion, a P/E ratio of -19.13 and a beta of 1.69. The company has a quick ratio of 2.19, a current ratio of 2.65 and a debt-to-equity ratio of 1.65. The stock has a 50-day moving average price of $18.42.

Penguin Solutions (NASDAQ:PENG – Get Free Report) last posted its quarterly earnings results on Tuesday, October 15th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.04). The business had revenue of $311.15 million for the quarter, compared to analyst estimates of $325.00 million. Penguin Solutions had a positive return on equity of 8.05% and a negative net margin of 4.48%. Research analysts expect that Penguin Solutions will post 1.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Stifel Nicolaus dropped their price target on Penguin Solutions from $32.00 to $27.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Loop Capital initiated coverage on shares of Penguin Solutions in a research report on Tuesday. They set a “buy” rating and a $30.00 target price for the company. The Goldman Sachs Group assumed coverage on Penguin Solutions in a research note on Friday, November 1st. They issued a “buy” rating and a $21.00 price target on the stock. Rosenblatt Securities restated a “buy” rating and issued a $27.00 target price on shares of Penguin Solutions in a research note on Thursday, December 19th. Finally, Barclays dropped their price target on Penguin Solutions from $27.00 to $22.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $25.00.

Get Our Latest Analysis on PENG

Insider Activity

In other Penguin Solutions news, insider Joseph Gates Clark sold 2,264 shares of Penguin Solutions stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $17.50, for a total transaction of $39,620.00. Following the transaction, the insider now owns 95,999 shares of the company’s stock, valued at $1,679,982.50. This trade represents a 2.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jack A. Pacheco sold 13,334 shares of the company’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 transaction, the chief operating officer now directly owns 235,960 shares of the company’s stock, valued at approximately $4,730,998. This represents a 5.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,264 shares of company stock worth $440,287 over the last 90 days. 2.60% of the stock is currently owned by corporate insiders.

About Penguin Solutions

(Get Free Report)

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.

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