PENG

Penguin Solutions, Inc. Ordinary Shares
PENG
Market cap $827M

15.63 USD

-0.52

3.22%

Updated Oct 18, 3:27 PM EDT

1 day

-3.22%

5 days

-10.02%

1 month

0.06%

3 months

0.06%

6 months

0.06%

Year to date

0.06%

1 year

0.06%

5 years

0.06%

About: Penguin Solutions Inc is an end-to-end technology company engaged in Intelligent Platform Solutions, Integrated Memory, and Optimized LED business. Its product include Servers, software, OCP HPC & AI system, Racks and Edge. Servers include AMD-based Serves, Intel-based Servers, etc. Software products include Scyld ClusterWare, Scyld Cloud Central, etc. OCP HPC & AI Systems includes OCP Servers & Storage and etc.

Employees: 3,000

–

Funds holding %

0

Analysts bullish %

of 3 analysts

Fund manager confidence

See Fund Rankings

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$22

41%

upside

Avg. target

$25

58%

upside

High target

$27

73%

upside

3 analyst ratings

3 positive

100%

0 neutral

0%

0 negative

0%

Barclays Tom O'Malley 83% 1-year accuracy 20 / 24 met price target	41%upside $22	Overweight Maintained	16 Oct 2024
Stifel Brian Chin 35% 1-year accuracy 9 / 26 met price target	73%upside $27	Buy Maintained	16 Oct 2024
Needham Quinn Bolton 39% 1-year accuracy 40 / 103 met price target	60%upside $25	Buy Maintained	16 Oct 2024

See Analyst Rankings

Financial journalist opinion

Based on 4 articles about PENG published over the past 30 days

Penguin Solutions: A Name Change Won't Help

Penguin Solutions' name change reflects a focus on AI infrastructure, but underlying fundamentals remain weak with inconsistent revenue growth and significant debt. Despite a projected 15% revenue growth in fiscal 2025, the business's cyclical nature and competitive market raise concerns about sustainable growth. Valuation at 9x forward non-GAAP EPS appears cheap, but negative free cash flow and high net debt make it a risky investment.

Penguin Solutions: A Name Change Won't Help

Penguin Solutions, Inc. (PENG) Q4 2024 Earnings Call Transcript

Penguin Solutions, Inc. (NASDAQ:PENG ) Q4 2024 Results Conference Call October 15, 2024 4:30 PM ET Company Participants Suzanne Schmidt - Investor Relations Mark Adams - Chief Executive Officer Jack Pacheco - Chief Operating Officer Nate Olmstead - Chief Financial Officer Conference Call Participants Nick Doyle - Needham Brian Chin - Stifel Kevin Cassidy - Rosenblatt Securities Ananda Baruah - Loop Capital Operator Welcome to the Penguin Solutions Fourth Quarter and Full Year Fiscal 2024 Earnings Conference Call. I would now like to pass the conference over to our host, Suzanne Schmidt of Investor Relations.

Penguin Solutions, Inc. (PENG) Q4 2024 Earnings Call Transcript

Penguin Solutions Reports Fourth Quarter and Full Year Fiscal 2024 Financial Results

MILPITAS, Calif.--(BUSINESS WIRE)---- $PENG #AI--Penguin Solutions, Inc. (NASDAQ: PENG) today announced its new company name and reported financial results for Q4 and full year fiscal 2024.

Penguin Solutions Reports Fourth Quarter and Full Year Fiscal 2024 Financial Results

SGH Becomes Penguin Solutions

MILPITAS, Calif.--(BUSINESS WIRE)---- $PENG #AI--SGH announced the completion of its brand transition from SMART Global Holdings, Inc. to Penguin Solutions, Inc., an infrastructure solution provider.

SGH Becomes Penguin Solutions

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