Penguin Solutions (NASDAQ:PENG) Releases FY25 Earnings Guidance

Penguin Solutions (NASDAQ:PENG - Get Free Report) updated its FY25 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.30-$1.70 for the period, compared to the consensus 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 %

PENG stock traded down $0.71 during trading on Wednesday, hitting $19.13. 1,194,688 shares of the company's stock traded hands, compared to its average volume of 869,715. The stock has a market cap of $1.02 billion, a PE ratio of -19.13 and a beta of 1.69. Penguin Solutions has a 52 week low of $14.87 and a 52 week high of $29.81. The firm's fifty day moving average price is $18.42. The company has a quick ratio of 2.19, a current ratio of 2.65 and a debt-to-equity ratio of 1.65.

Penguin Solutions (NASDAQ:PENG - Get Free Report) last announced its quarterly earnings data on Tuesday, October 15th. The company reported $0.23 earnings per share 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 the consensus estimate of $325.00 million. Penguin Solutions had a negative net margin of 4.48% and a positive return on equity of 8.05%. As a group, equities research analysts expect that Penguin Solutions will post 1.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PENG has been the topic of several recent research reports. Rosenblatt Securities reissued a "buy" rating and issued a $27.00 price target on shares of Penguin Solutions in a report on Thursday, December 19th. Needham & Company LLC cut their target price on Penguin Solutions from $35.00 to $25.00 and set a "buy" rating on the stock in a research note on Wednesday, October 16th. JMP Securities began coverage on shares of Penguin Solutions in a research report on Monday, November 18th. They set an "outperform" rating and a $23.00 price target for the company. Citizens Jmp upgraded shares of Penguin Solutions to a "strong-buy" rating in a research report on Monday, November 18th. Finally, The Goldman Sachs Group initiated coverage on shares of Penguin Solutions in a research note on Friday, November 1st. They set a "buy" rating and a $21.00 target price for the company. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $25.00.

Insider Activity at Penguin Solutions

In other Penguin Solutions news, COO Jack A. Pacheco sold 6,666 shares of Penguin Solutions 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 transaction, the chief operating officer now owns 235,960 shares in the company, valued at approximately $4,719,200. The trade was a 2.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Joseph Gates Clark sold 2,264 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $17.50, for a total value of $39,620.00. Following the sale, 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 disclosure for this sale can be found here. Insiders sold 22,264 shares of company stock worth $440,287 in the last 90 days. 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.