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

Penguin Solutions (NASDAQ:PENG) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 1.500-1.700 for the period, compared to the consensus estimate of 1.580. The company issued revenue guidance of $1.3 billion-$1.4 billion, compared to the consensus revenue estimate of $1.4 billion. Penguin Solutions also updated its FY25 guidance to $1.50-1.70 EPS.

Penguin Solutions Price Performance

PENG traded up $0.78 on Wednesday, hitting $18.05. 1,326,718 shares of the stock were exchanged, compared to its average volume of 901,724. The firm has a market capitalization of $961.90 million, a price-to-earnings ratio of -34.71 and a beta of 1.70. The company has a quick ratio of 1.75, a current ratio of 2.33 and a debt-to-equity ratio of 1.61. Penguin Solutions has a 12 month low of $14.87 and a 12 month high of $22.67. The company has a 50-day moving average of $19.62.

Analysts Set New Price Targets

Several research firms have weighed in on PENG. Loop Capital began coverage on Penguin Solutions in a research note on Tuesday, January 7th. They set a “buy” rating and a $30.00 target price for the company. Needham & Company LLC increased their target price on shares of Penguin Solutions from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, January 9th. JPMorgan Chase & Co. began coverage on shares of Penguin Solutions in a research note on Monday. They issued a “neutral” rating and a $20.00 price target on the stock. Barclays upped their price objective on shares of Penguin Solutions from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $27.00 target price on shares of Penguin Solutions in a research report on Thursday, December 19th. One research analyst has rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $24.75.

Insider Activity at Penguin Solutions

In other news, COO Jack A. Pacheco sold 6,667 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $20.55, for a total value of $137,006.85. Following the sale, the chief operating officer now directly owns 231,548 shares of the company’s stock, valued at approximately $4,758,311.40. This represents a 2.80 % decrease in their position. The transaction 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 business’s stock in a transaction on Thursday, January 23rd. The shares were 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 owns 89,469 shares in the company, valued at approximately $1,873,480.86. The trade was a 2.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,684 shares of company stock worth $393,617 over the last ninety days. Insiders own 2.60% of the company’s stock.

About Penguin Solutions

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.