Penguin Solutions (NASDAQ:PENG) Issues FY 2026 Earnings Guidance

Penguin Solutions (NASDAQ:PENG) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 2.000-2.300 for the period, compared to the consensus EPS estimate of 1.790. The company issued revenue guidance of $1.5 billion-$1.6 billion, compared to the consensus revenue estimate of $1.5 billion.

Penguin Solutions Trading Up 1.4%

NASDAQ:PENG traded up $0.31 during trading hours on Thursday, hitting $22.43. The company had a trading volume of 256,457 shares, compared to its average volume of 1,292,297. The company has a market capitalization of $1.14 billion, a PE ratio of 31.14 and a beta of 2.23. The stock has a 50-day moving average price of $18.86 and a 200 day moving average price of $20.57. Penguin Solutions has a 52 week low of $15.40 and a 52 week high of $29.80. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.10 and a quick ratio of 1.86.

Penguin Solutions (NASDAQ:PENG) last released its quarterly earnings results on Wednesday, April 1st. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.09. The business had revenue of $343.00 million for the quarter, compared to analysts’ expectations of $339.00 million. Penguin Solutions had a net margin of 4.07% and a return on equity of 19.94%. On average, equities research analysts predict that Penguin Solutions will post 1.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PENG has been the topic of a number of research reports. Wall Street Zen upgraded shares of Penguin Solutions from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Needham & Company LLC boosted their target price on shares of Penguin Solutions from $25.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, April 2nd. Zacks Research upgraded shares of Penguin Solutions from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Stifel Nicolaus dropped their target price on shares of Penguin Solutions from $27.00 to $24.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Finally, Weiss Ratings upgraded shares of Penguin Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.29.

Insider Transactions at Penguin Solutions

In related news, SVP Anne Kuykendall sold 4,000 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $17.75, for a total value of $71,000.00. Following the transaction, the senior vice president owned 131,352 shares in the company, valued at $2,331,498. The trade was a 2.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Joseph Gates Clark sold 1,346 shares of the company’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $19.03, for a total transaction of $25,614.38. Following the completion of the transaction, the senior vice president owned 122,318 shares in the company, valued at approximately $2,327,711.54. The trade was a 1.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 2.90% of the company’s stock.

Hedge Funds Weigh In On Penguin Solutions

A number of hedge funds have recently bought and sold shares of PENG. Integrated Quantitative Investments LLC purchased a new position in Penguin Solutions in the 4th quarter worth about $277,000. Campbell & CO Investment Adviser LLC purchased a new position in Penguin Solutions in the 4th quarter worth about $215,000. Mariner LLC purchased a new position in Penguin Solutions in the 3rd quarter worth about $265,000. Russell Investments Group Ltd. raised its position in Penguin Solutions by 507.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 5,554 shares of the company’s stock worth $146,000 after buying an additional 4,639 shares during the last quarter. Finally, Tidal Investments LLC purchased a new position in Penguin Solutions in the 2nd quarter worth about $203,000.

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.