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

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

Penguin Solutions Trading Up 4.0 %

Shares of PENG stock opened at $20.91 on Thursday. The company has a debt-to-equity ratio of 1.61, a current ratio of 2.33 and a quick ratio of 1.75. The firm has a 50-day moving average price of $19.68. Penguin Solutions has a one year low of $14.87 and a one year high of $29.81.

Analyst Ratings Changes

Several equities research analysts have commented on PENG shares. The Goldman Sachs Group assumed coverage on shares of Penguin Solutions in a research note on Friday, November 1st. They issued a “buy” rating and a $21.00 price objective for the company. Citizens Jmp upgraded Penguin Solutions to a “strong-buy” rating in a report on Monday, November 18th. Barclays upped their price objective on Penguin Solutions from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Loop Capital started coverage on Penguin Solutions in a research note on Tuesday, January 7th. They set a “buy” rating and a $30.00 target price on the stock. Finally, 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. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $25.43.

Insider Transactions at Penguin Solutions

In other Penguin Solutions news, COO Jack A. Pacheco sold 6,666 shares of the business’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $20.00, for a total transaction of $133,320.00. Following the sale, the chief operating officer now owns 235,960 shares of the company’s stock, valued at $4,719,200. The trade was a 2.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Joseph Gates Clark sold 2,131 shares of the firm’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $20.94, for a total value of $44,623.14. Following the completion of the transaction, the senior vice president now directly owns 89,469 shares of the company’s stock, valued at $1,873,480.86. The trade was a 2.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,062 shares of company stock worth $621,917. 2.60% of the stock is owned by company 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.