Date | Price Target | Rating | Analyst |
---|---|---|---|
3/31/2025 | $20.00 | Neutral | Analyst |
1/7/2025 | $30.00 | Buy | Loop Capital |
11/18/2024 | $23.00 | Mkt Outperform | JMP Securities |
11/1/2024 | $21.00 | Buy | Goldman |
10/16/2024 | $35.00 → $25.00 | Buy | Needham |
SCHEDULE 13G/A - Penguin Solutions, Inc. (0001616533) (Subject)
8-K - Penguin Solutions, Inc. (0001616533) (Filer)
144 - Penguin Solutions, Inc. (0001616533) (Subject)
144 - Penguin Solutions, Inc. (0001616533) (Subject)
10-Q - Penguin Solutions, Inc. (0001616533) (Filer)
8-K - Penguin Solutions, Inc. (0001616533) (Filer)
15-12G - Penguin Solutions, Inc. (0001616533) (Filer)
S-8 POS - Penguin Solutions, Inc. (0001616533) (Filer)
S-8 POS - Penguin Solutions, Inc. (0001616533) (Filer)
S-8 POS - Penguin Solutions, Inc. (0001616533) (Filer)
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Analyst initiated coverage of Penguin Solutions with a rating of Neutral and set a new price target of $20.00
Loop Capital initiated coverage of Penguin Solutions with a rating of Buy and set a new price target of $30.00
JMP Securities initiated coverage of Penguin Solutions with a rating of Mkt Outperform and set a new price target of $23.00
Goldman initiated coverage of Penguin Solutions with a rating of Buy and set a new price target of $21.00
Needham reiterated coverage of Penguin Solutions with a rating of Buy and set a new price target of $25.00 from $35.00 previously
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Penguin Solutions, Inc. (Penguin Solutions; Nasdaq: PENG) ("Penguin Solutions" or the "Company") today announced the grant of an inducement equity award to its new Senior Vice President of Strategy and Corporate Development, Ted Gillick, in connection with the commencement of his employment with the Company on August 4, 2025. The independent Compensation Committee of the Board of Directors of the Company approved the grant to Mr. Gillick, on August 4, 2025, of time-based restricted stock units with respect to 70,275 shares of Common Stock of the Company (the "RSUs"). The award was granted to Mr. Gillick as an inducement material to his entering into employment with the Company in accordan
Strategic realignment underscores transformation to an AI Infrastructure Solutions Company Penguin Solutions, Inc. (Penguin Solutions; Nasdaq: PENG) (the "Company") today announced the appointment of two new leaders: SVP and Chief Revenue Officer Tony Frey and SVP of Strategy and Corporate Development Ted Gillick. These additions are part of an updated organizational structure that is intended to accelerate growth, support product innovation, and further enable go-to-market strategies in systems, software, services, and end-to-end advanced computing solutions. "We are excited to have Tony and Ted join Penguin Solutions as we strengthen our organization for the future," said President an
Cree LED, a Penguin Solutions brand (Nasdaq: PENG), today announced that it has filed a patent infringement lawsuit in the United States District Court for the Northern District of Georgia against NanoLumens, Inc. The lawsuit asserts that NanoLumens has infringed Cree LED's rights in the following patents by selling certain display products: U.S. Patent Nos. US8049230, US8901583, US9054257, US8487337, US8748915, US7718991, US9634209, US9240395, USD684545 and USD704358. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250715334750/en/Cree LED, a Penguin Solutions brand and a leading provider of application-optimized LED chips and c
Company raises midpoint of full-year GAAP and Non-GAAP diluted EPS outlook Penguin Solutions, Inc. ("Penguin Solutions," "we," "us," or the "Company") (NASDAQ:PENG) today reported financial results for the third quarter of fiscal 2025. Third Quarter Fiscal 2025 Highlights Net sales of $324 million, up 7.9% versus the year-ago quarter GAAP gross margin of 29.3%, down 30 basis points versus the year-ago quarter Non-GAAP gross margin of 31.7%, down 60 basis points versus the year-ago quarter GAAP diluted EPS of $(0.01) versus $0.10 in the year-ago quarter Non-GAAP diluted EPS of $0.47 versus $0.37 in the year-ago quarter "We delivered solid third quarter results while exe
Penguin Solutions, Inc., a Delaware corporation (Nasdaq: PENG) ("Penguin Solutions" or the "Company") today announced the completion of the redomiciliation process to change the parent company of the Penguin Solutions group of companies from a Cayman Islands company to a Delaware corporation. The redomiciliation was accomplished by way of a Cayman Islands Scheme of Arrangement and was approved by an overwhelming majority of Penguin Solutions' shareholders at a Scheme Meeting held on June 16, 2025. The Grand Court of the Cayman Islands sanctioned the Scheme on June 25, 2025, and on the same date, the Scheme of Arrangement became effective in accordance with its terms upon the delivery of the
Reduces Leverage, Extends Overall Debt Maturity, and Establishes $400M Revolving Credit Facility Penguin Solutions, Inc. ("Penguin Solutions" or the "Company") (Nasdaq: PENG) today announced that it has completed a refinancing of its credit facilities via a $400 million Revolving Credit Facility, which includes a $35 million letter of credit subfacility (collectively, the "Credit Facilities"). "This refinancing represents a significant financial milestone for the Company," said Nate Olmstead, chief financial officer. "As part of the transaction, the Company has meaningfully reduced leverage while also extending our overall debt maturity. This new financing provides future flexibility fo
Penguin Solutions, Inc. ("Penguin Solutions") (Nasdaq: PENG), a leading designer and developer of high-performance, high-availability enterprise solutions, today announced that the company will host its quarterly financial webcast and conference call for its third quarter fiscal year 2025 earnings after market close on Tuesday, July 8, 2025, beginning at 1:30 p.m. Pacific Time (PT) / 4:30 p.m. Eastern Time (ET). Financial results will be issued in a press release prior to the conference call. Webcast Information: To access the live webcast: PENG Q3 FY25 Earnings Call Webcast. Conference Call Information: Participants may also listen to the conference call by dialing: +1-833-470-1428 (
Addition of an ultra-high-performance model extends reliability for high throughput, low latency critical applications including AI inferencing Penguin Solutions (Nasdaq: PENG) today announced the second generation of its award-winning Stratus ztC Endurance® platform, its flagship fault tolerant computing platform with seven nines (99.99999%) availability. This new Stratus ztC Endurance family of platforms enables IT teams to ensure the uptime of critical applications and data while consolidating workloads within a highly reliable, manageable, and serviceable IT footprint. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/202506179
Penguin Solutions, Inc. (Penguin Solutions, Nasdaq: PENG) today announced a new strategic agreement with CDW, which will make the full portfolio of Penguin Solutions' AI infrastructure offerings available to CDW's customer base. Penguin Solutions' OriginAI® factory infrastructure solution and its unique set of management software tools and services provide the foundation to design, build, deploy and manage GPU clusters and drive AI success for companies of any size in any industry. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250506240164/en/Penguin Solutions announced a new strategic agreement with CDW making the full portfoli
Newest product recognized by consortium confirms SMART's role as emerging technology leader SMART Modular Technologies Inc. ("SMART"), a Penguin Solutions, Inc. brand (Nasdaq: PENG) and a global leader in integrated memory solutions, solid-state drives, and hybrid storage products, today announced that its E3.S 2T 128GB CMM (Compute Express Link® Memory Module) has been officially added to the CXL Consortium's Integrator List. This achievement complements the existing listing of SMART's 4-DIMM and 8-DIMM CXL memory Add-in Cards (AICs), further solidifying the company's commitment to delivering high-quality, interoperable memory solutions. This press release features multimedia. View the fu
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4 - Penguin Solutions, Inc. (0001616533) (Issuer)
4 - Penguin Solutions, Inc. (0001616533) (Issuer)
4 - Penguin Solutions, Inc. (0001616533) (Issuer)
4 - Penguin Solutions, Inc. (0001616533) (Issuer)
4 - Penguin Solutions, Inc. (0001616533) (Issuer)
4 - Penguin Solutions, Inc. (0001616533) (Issuer)
4 - Penguin Solutions, Inc. (0001616533) (Issuer)
4 - Penguin Solutions, Inc. (0001616533) (Issuer)
4 - Penguin Solutions, Inc. (0001616533) (Issuer)
4 - Penguin Solutions, Inc. (0001616533) (Issuer)
Live Leadership Updates
Strategic realignment underscores transformation to an AI Infrastructure Solutions Company Penguin Solutions, Inc. (Penguin Solutions; Nasdaq: PENG) (the "Company") today announced the appointment of two new leaders: SVP and Chief Revenue Officer Tony Frey and SVP of Strategy and Corporate Development Ted Gillick. These additions are part of an updated organizational structure that is intended to accelerate growth, support product innovation, and further enable go-to-market strategies in systems, software, services, and end-to-end advanced computing solutions. "We are excited to have Tony and Ted join Penguin Solutions as we strengthen our organization for the future," said President an
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SC 13G/A - Penguin Solutions, Inc. (0001616533) (Subject)
SC 13G - Penguin Solutions, Inc. (0001616533) (Subject)
Live finance-specific insights
Company raises midpoint of full-year GAAP and Non-GAAP diluted EPS outlook Penguin Solutions, Inc. ("Penguin Solutions," "we," "us," or the "Company") (NASDAQ:PENG) today reported financial results for the third quarter of fiscal 2025. Third Quarter Fiscal 2025 Highlights Net sales of $324 million, up 7.9% versus the year-ago quarter GAAP gross margin of 29.3%, down 30 basis points versus the year-ago quarter Non-GAAP gross margin of 31.7%, down 60 basis points versus the year-ago quarter GAAP diluted EPS of $(0.01) versus $0.10 in the year-ago quarter Non-GAAP diluted EPS of $0.47 versus $0.37 in the year-ago quarter "We delivered solid third quarter results while exe
Penguin Solutions, Inc. ("Penguin Solutions") (Nasdaq: PENG), a leading designer and developer of high-performance, high-availability enterprise solutions, today announced that the company will host its quarterly financial webcast and conference call for its third quarter fiscal year 2025 earnings after market close on Tuesday, July 8, 2025, beginning at 1:30 p.m. Pacific Time (PT) / 4:30 p.m. Eastern Time (ET). Financial results will be issued in a press release prior to the conference call. Webcast Information: To access the live webcast: PENG Q3 FY25 Earnings Call Webcast. Conference Call Information: Participants may also listen to the conference call by dialing: +1-833-470-1428 (
Revenue up 28% compared with year-ago quarter Company raises midpoint of annual revenue outlook Penguin Solutions, Inc. ("Penguin Solutions," "we," "us," or the "Company") (NASDAQ: PENG) today reported financial results for the second quarter of fiscal 2025 and announced the planned retirement of Chief Operating Officer ("COO") and President of Integrated Memory Jack Pacheco. Second Quarter Fiscal 2025 Highlights Net sales of $366 million, up 28.3% versus the year-ago quarter GAAP gross margin of 28.6%, down 20 basis points versus the year-ago quarter Non-GAAP gross margin of 30.8%, down 70 basis points versus the year-ago quarter GAAP diluted EPS of $0.09 versus $(0.26) in the y
Penguin Solutions, Inc. ("Penguin Solutions") (NASDAQ: PENG), a leading designer and developer of high-performance, high-availability enterprise solutions, today announced that the company will host its quarterly financial webcast and conference call for its second quarter fiscal year 2025 earnings after market close on Wednesday, April 2, 2025, beginning at 1:30 p.m. Pacific Time (PT) / 4:30 p.m. Eastern Time (ET). Financial results will be issued in a press release prior to the conference call. Webcast Information: To access the live webcast: PENG Q2 FY25 Earnings Call Webcast Conference Call Information: Participants may also listen to the conference call by dialing: +1-833-470-1428
Revenue up by 24% vs. Q1 FY24, highlighted by 49% growth in Advanced Computing Penguin Solutions, Inc. ("Penguin Solutions," "we," "us," or the "Company") (Nasdaq: PENG) today reported financial results for the first quarter of fiscal 2025. First Quarter Fiscal 2025 Highlights Net sales of $341 million, up 24.4% versus the year-ago quarter GAAP gross margin of 28.7%, down 150 basis points versus the year-ago quarter Non-GAAP gross margin of 30.8%, down 250 basis points versus the year-ago quarter GAAP diluted EPS of $0.10 versus $(0.23) in the year-ago quarter Non-GAAP diluted EPS of $0.49 versus $0.24 in the year-ago quarter "Our strong performance this quarter, highl
Penguin Solutions, Inc. ("Penguin Solutions") (NASDAQ: PENG), a leading designer and developer of high-performance, high-availability enterprise solutions, today announced that the company will host its quarterly financial webcast and conference call for its first quarter fiscal year 2025 earnings after market close on Wednesday, January 8, 2025, beginning at 1:30 p.m. Pacific Time (PT) / 4:30 p.m. Eastern Time (ET). Financial results will be issued in a press release prior to the conference call. Webcast Information: To access the live webcast: PENG Q1 FY25 Earnings Call Webcast Conference Call Information: Participants may also listen to the conference call by dialing: +1-833-470-14