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

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

Wall Street Analyst Weigh In

Several analysts have recently commented on PENG shares. Loop Capital initiated coverage on Penguin Solutions in a research note on Tuesday, January 7th. They issued a "buy" rating and a $30.00 price objective for the company. Citizens Jmp raised Penguin Solutions to a "strong-buy" rating in a research report on Monday, November 18th. Barclays lifted 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. Needham & Company LLC increased their target price on shares of Penguin Solutions from $25.00 to $27.00 and gave the company a "buy" rating in a report on Thursday, January 9th. Finally, JMP Securities started coverage on shares of Penguin Solutions in a report on Monday, November 18th. They set an "outperform" rating and a $23.00 price target on the stock. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $25.43.

Penguin Solutions Trading Down 0.3 %

Shares of PENG stock traded down $0.07 during trading hours on Friday, reaching $20.77. The stock had a trading volume of 437,407 shares, compared to its average volume of 962,624. The stock has a fifty day simple moving average of $19.74. 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 firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of -39.94 and a beta of 1.68. Penguin Solutions has a 12 month low of $14.87 and a 12 month high of $29.81.

Insider Buying and Selling

In related news, COO Jack A. Pacheco sold 6,666 shares of the firm's stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $20.00, for a total value of $133,320.00. Following the sale, the chief operating officer now directly owns 235,960 shares of the company's stock, valued at $4,719,200. This trade represents a 2.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Joseph Gates Clark sold 2,131 shares of the stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 89,469 shares in the company, valued at $1,873,480.86. The trade was a 2.33 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,062 shares of company stock worth $621,917. Corporate insiders own 2.60% of the company's stock.

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.