Penguin Solutions (NASDAQ:PENG) Updates FY25 Earnings Guidance

Penguin Solutions (NASDAQ:PENG) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.30-$1.70 for the period, compared to the consensus earnings per share 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.

Analyst Upgrades and Downgrades

PENG has been the subject of a number of analyst reports. Loop Capital began coverage on shares of Penguin Solutions in a research note on Tuesday. They set a “buy” rating and a $30.00 price objective for the company. Rosenblatt Securities reissued a “buy” rating and set a $27.00 price target on shares of Penguin Solutions in a research report on Thursday, December 19th. Barclays lowered their price objective 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. Citizens Jmp upgraded Penguin Solutions to a “strong-buy” rating in a research note on Monday, November 18th. Finally, JMP Securities started coverage on Penguin Solutions in a research note on Monday, November 18th. They issued an “outperform” rating and a $23.00 price target for the company. Six equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $25.00.

Penguin Solutions Trading Down 3.6 %

Shares of PENG opened at $19.13 on Thursday. The company’s fifty day moving average is $18.42. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of -19.13 and a beta of 1.69. The company has a debt-to-equity ratio of 1.65, a quick ratio of 2.19 and a current ratio of 2.65. Penguin Solutions has a 1-year low of $14.87 and a 1-year high of $29.81.

Penguin Solutions (NASDAQ:PENG) last posted its earnings results 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 firm had revenue of $311.15 million during 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, research analysts forecast that Penguin Solutions will post 1.33 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Joseph Gates Clark sold 2,264 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $17.50, for a total value of $39,620.00. Following the transaction, the insider now directly owns 95,999 shares of the company’s stock, valued at approximately $1,679,982.50. This trade 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 6,666 shares of the business’s stock in a transaction dated 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 represents a 2.75 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,264 shares of company stock valued at $440,287. 2.60% of the stock is owned by insiders.

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.