Penguin Solutions (NASDAQ:PENG) Releases Quarterly Earnings Results, Beats Expectations By $0.23 EPS

Penguin Solutions (NASDAQ:PENG) posted its quarterly earnings data on Tuesday. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.23, FiscalAI reports. The company had revenue of $566.68 million during the quarter, compared to analysts’ expectations of $520.99 million. Penguin Solutions had a return on equity of 28.23% and a net margin of 6.44%. Penguin Solutions updated its FY 2027 guidance to 3.750-5.15 EPS.

Penguin Solutions Price Performance

NASDAQ PENG traded up $3.50 during trading on Tuesday, reaching $64.21. 14,327,844 shares of the company traded hands, compared to its average volume of 2,335,094. Penguin Solutions has a 1-year low of $16.04 and a 1-year high of $89.86. The company has a market cap of $3.29 billion, a price-to-earnings ratio of 45.54 and a beta of 2.86. The stock’s 50 day moving average price is $53.39 and its two-hundred day moving average price is $49.24. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.10 and a current ratio of 1.54.

Analyst Ratings Changes

Several equities analysts recently commented on PENG shares. Weiss Ratings upgraded shares of Penguin Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 8th. Rosenblatt Securities restated a “buy” rating and issued a $80.00 price target on shares of Penguin Solutions in a research report on Friday. Wall Street Zen lowered shares of Penguin Solutions from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 26th. Stifel Nicolaus increased their target price on shares of Penguin Solutions from $66.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Finally, Citizens Jmp lifted their target price on Penguin Solutions from $65.00 to $85.00 and gave the stock a “market outperform” rating in a research report on Wednesday, July 8th. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Penguin Solutions presently has an average rating of “Moderate Buy” and an average price target of $64.17.

Insider Activity at Penguin Solutions

In other Penguin Solutions news, SVP Anne Kuykendall sold 4,000 shares of Penguin Solutions stock in a transaction on Monday, August 24th. The stock was sold at an average price of $50.58, for a total transaction of $202,320.00. Following the completion of the transaction, the senior vice president directly owned 112,994 shares of the company’s stock, valued at approximately $5,715,236.52. This trade represents a 3.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Joseph Clark sold 1,327 shares of the company’s stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $57.47, for a total transaction of $76,262.69. Following the completion of the sale, the senior vice president directly owned 63,056 shares in the company, valued at approximately $3,623,828.32. The trade was a 2.06% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.90% of the stock is owned by company insiders.

Penguin Solutions Company Profile

Penguin Solutions, Inc provides intelligent infrastructure solutions for artificial intelligence, high-performance computing, enterprise data centers and other demanding technology environments. The company combines specialized hardware, software and professional services to help organizations design, deploy and manage complex computing infrastructure.

Its offerings include AI and high-performance computing systems, servers, storage and networking infrastructure, as well as software and services for infrastructure management, optimization and support.