Penguin Solutions (NASDAQ:PENG - Get Free Report) issued an update on its FY25 earnings guidance on Monday morning. The company provided EPS guidance of $1.30-1.70 for the period, compared to the consensus EPS estimate of $1.75. Penguin Solutions also updated its FY 2025 guidance to 1.300-1.700 EPS.
Penguin Solutions Price Performance
Shares of NASDAQ PENG traded down $0.26 during trading hours on Monday, hitting $19.61. 1,132,458 shares of the company's stock were exchanged, compared to its average volume of 1,035,907. Penguin Solutions has a 1-year low of $14.87 and a 1-year high of $29.81. The stock has a market cap of $1.05 billion, a PE ratio of -19.61 and a beta of 1.74. The firm has a 50-day moving average of $17.49. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.65 and a quick ratio of 2.19.
Penguin Solutions (NASDAQ:PENG - Get Free Report) last released its quarterly earnings data on Tuesday, October 15th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.04). The firm had revenue of $311.15 million for the quarter, compared to the consensus estimate of $325.00 million. Penguin Solutions had a positive return on equity of 8.05% and a negative net margin of 4.48%. On average, research analysts expect that Penguin Solutions will post 1.33 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on PENG. JMP Securities initiated coverage on shares of Penguin Solutions in a research note on Monday, November 18th. They set an "outperform" rating and a $23.00 target price for the company. Stifel Nicolaus reduced their target price on shares of Penguin Solutions from $32.00 to $27.00 and set a "buy" rating for the company in a research report on Wednesday, October 16th. Citizens Jmp raised shares of Penguin Solutions to a "strong-buy" rating in a report on Monday, November 18th. Barclays decreased their price target on Penguin Solutions from $27.00 to $22.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 16th. Finally, Needham & Company LLC dropped their target price on shares of Penguin Solutions from $35.00 to $25.00 and set a "buy" rating for the company in a report on Wednesday, October 16th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $23.60.
View Our Latest Stock Report on PENG
Insiders Place Their Bets
In other news, insider Joseph Gates Clark sold 2,264 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $17.50, for a total transaction of $39,620.00. Following the transaction, the insider now directly owns 95,999 shares in the company, valued at approximately $1,679,982.50. This represents a 2.30 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Jack A. Pacheco sold 13,334 shares of the business's stock in a transaction that occurred on Monday, December 9th. The stock was 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. Company insiders own 2.40% of the company's stock.
About Penguin Solutions
(
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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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