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

Penguin Solutions (NASDAQ:PENG) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 1.500-1.700 for the period, compared to the consensus earnings per share 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

Shares of PENG stock traded up $0.78 during trading hours on Wednesday, reaching $18.05. The company had a trading volume of 1,317,769 shares, compared to its average volume of 901,693. Penguin Solutions has a 12 month low of $14.87 and a 12 month high of $22.67. The company has a current ratio of 2.33, a quick ratio of 1.75 and a debt-to-equity ratio of 1.61. The firm has a fifty day moving average of $19.62. The company has a market capitalization of $961.90 million, a P/E ratio of -34.71 and a beta of 1.70.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Penguin Solutions news, SVP Joseph Gates Clark sold 2,131 shares of the stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $20.94, for a total value of $44,623.14. Following the sale, the senior vice president now directly owns 89,469 shares of the company’s stock, valued at approximately $1,873,480.86. This represents a 2.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Jack A. Pacheco sold 3,219 shares of the business’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $20.00, for a total transaction of $64,380.00. Following the completion of the sale, the executive vice president now directly owns 231,548 shares of the company’s stock, valued at approximately $4,630,960. This trade represents a 1.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,684 shares of company stock valued at $393,617 over the last ninety days. Company 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.