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

Penguin Solutions (NASDAQ:PENG) updated its FY 2026 earnings guidance on Monday. The company provided EPS guidance of 2.300-2.300 for the period, compared to the consensus EPS estimate of 2.080. The company issued revenue guidance of $1.6 billion-$1.6 billion, compared to the consensus revenue estimate of $1.5 billion.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $30.00 price target on shares of Penguin Solutions in a research report on Monday, March 30th. Barclays cut Penguin Solutions from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $23.00 to $27.00 in a report on Wednesday, April 22nd. Wall Street Zen upgraded shares of Penguin Solutions from a “hold” rating to a “buy” rating in a research note on Sunday, May 17th. Weiss Ratings lowered shares of Penguin Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Finally, Zacks Research upgraded shares of Penguin Solutions from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Penguin Solutions has an average rating of “Moderate Buy” and an average target price of $27.25.

Penguin Solutions Stock Performance

Penguin Solutions stock traded up $3.88 on Monday, reaching $59.71. 3,070,753 shares of the stock were exchanged, compared to its average volume of 1,872,700. The stock has a market cap of $3.03 billion, a PE ratio of 82.93 and a beta of 2.88. The company has a current ratio of 2.10, a quick ratio of 1.55 and a debt-to-equity ratio of 1.09. Penguin Solutions has a twelve month low of $16.04 and a twelve month high of $61.25. The firm has a fifty day moving average price of $32.37 and a two-hundred day moving average price of $24.09.

Penguin Solutions (NASDAQ:PENG) last posted its quarterly earnings data on Wednesday, April 1st. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.09. The company had revenue of $343.00 million for the quarter, compared to the consensus estimate of $339.00 million. Penguin Solutions had a net margin of 4.07% and a return on equity of 19.94%. Sell-side analysts anticipate that Penguin Solutions will post 1.66 EPS for the current year.

Insider Buying and Selling at Penguin Solutions

In other Penguin Solutions news, Director Maximiliane C. Straub sold 8,000 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $45.00, for a total value of $360,000.00. Following the sale, the director directly owned 58,975 shares in the company, valued at approximately $2,653,875. This trade represents a 11.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Anne Kuykendall sold 4,000 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $17.75, for a total transaction of $71,000.00. Following the sale, the senior vice president directly owned 131,352 shares of the company’s stock, valued at $2,331,498. This represents a 2.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 72,769 shares of company stock valued at $2,690,851. 2.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Penguin Solutions

A number of institutional investors have recently bought and sold shares of PENG. Osaic Holdings Inc. increased its position in Penguin Solutions by 20.8% during the 2nd quarter. Osaic Holdings Inc. now owns 3,583 shares of the company’s stock worth $71,000 after purchasing an additional 617 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Penguin Solutions during the fourth quarter worth $29,000. Swiss National Bank boosted its stake in Penguin Solutions by 1.8% during the fourth quarter. Swiss National Bank now owns 98,200 shares of the company’s stock worth $1,921,000 after acquiring an additional 1,700 shares in the last quarter. Raymond James Financial Inc. bought a new position in Penguin Solutions during the second quarter worth $37,000. Finally, Advisory Services Network LLC bought a new position in Penguin Solutions during the third quarter worth $50,000.

Penguin Solutions Company Profile

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.