Penguin Solutions, Inc. (PENG)
| Market Cap | 906.73M |
| Revenue (ttm) | 1.17B |
| Net Income (ttm) | -52.47M |
| Shares Out | 53.29M |
| EPS (ttm) | -1.01 |
| PE Ratio | n/a |
| Forward PE | 9.74 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 123,068 |
| Open | 16.78 |
| Previous Close | 16.78 |
| Day's Range | 16.66 - 17.08 |
| 52-Week Range | 14.87 - 29.81 |
| Beta | 1.70 |
| Analysts | Strong Buy |
| Price Target | 23.60 (+38.7%) |
| Earnings Date | Jan 7, 2025 |
About PENG
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,... [Read more]
Financial Performance
In 2024, Penguin Solutions's revenue was $1.17 billion, a decrease of -18.77% compared to the previous year's $1.44 billion. Losses were -$52.47 million, -72.02% less than in 2023.
Financial numbers in USD Financial StatementsAnalyst Forecast
According to 5 analysts, the average rating for PENG stock is "Strong Buy." The 12-month stock price forecast is $23.6, which is an increase of 38.70% from the latest price.
News
Stratus to Showcase Secure, Zero-Touch Computing and Edge-to-Cloud Smart Manufacturing at Automation Fair 2024
MAYNARD, Mass.--(BUSINESS WIRE)---- $PENG #AutomationFair--Stratus announced its participation at Rockwell Automation Fair, Nov 18-21 in Anaheim, to showcase its fault tolerant, zero-touch computing p...
Penguin Solutions OriginAI Infrastructure Now Available with Additional GPUs and Enhanced Cluster Management Capabilities
FREMONT, Calif.--(BUSINESS WIRE)---- $PENG #AI--Penguin Solutions announced the latest NVIDIA and AMD GPUs as well as Dell Technologies AI-optimized hardware to its OriginAI infrastructure solution.
Penguin Solutions Announces Availability of Next-Gen Altus HPC Servers with AMD EPYC 9005 Series Processors
FREMONT, Calif.--(BUSINESS WIRE)---- $PENG #AI--Penguin Solutions announced availability of its Altus servers powered by AMD EPYC 9005 processors providing best in-class price-to-performance value.
Penguin Solutions Unlocks ROI With AI Investment Wave, Says Bullish Analyst
Shares of enterprise AI solutions innovator Penguin Solutions Inc PENG have shed almost 20% in the past six months.
Penguin Solutions Accelerates Time to Value for AI Factories
FREMONT, Calif.--(BUSINESS WIRE)---- $PENG #AI--Penguin Solutions announced at SC24 its collaboration with Dell Technologies to deliver complete AI solutions that accelerate customers time to value.
Stratus Announces Availability of Microsoft Windows Server for ztC Endurance Platforms
MAYNARD, Mass.--(BUSINESS WIRE)---- $PENG #ComputingPlatforms--Stratus announced ztC Endurance support for MS Windows Server 2022, delivering critical optionality and giving IT and OT teams a path to ...
Penguin Solutions End-to-End AI Infrastructure Solutions on Display at SC24
FREMONT, Calif.--(BUSINESS WIRE)---- $PENG #AI--Penguin Solutions announced its participation at SC24 which will include product demonstrations, speaking engagements, and presence on the show floor.
Cree LED Introduces CV28D LEDs with Groundbreaking FusionBeam Technology for LED Signs and Displays
DURHAM, N.C.--(BUSINESS WIRE)---- $PENG #CV28DLEDs--Cree LED today announced the launch of its new CV28D LEDs w/ patented FusionBeam Technology, a groundbreaking advancement for the LED signage market...
SMART Modular Introduces Ruggedized, High-Speed, High Capacity, High Security T6EN SSDs for Aerospace, Defense and Industrial Applications
NEWARK, Calif.--(BUSINESS WIRE)---- $PENG #DRAM--SMART Modular today announced its new family of ruggedized T6EN PCIe/NVMe SSD flash drives for aerospace, defense, and industrial applications.
Penguin Solutions Releases 2023 Environmental, Social, and Governance Report
MILPITAS, Calif.--(BUSINESS WIRE)---- $PENG #CorporateResponsibility--Penguin Solutions released the 2023 Environmental, Social and Governance Report, the fourth annual record of the company's progres...
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 gro...
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 P...
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.
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.
Cree LED Partners with IDC Componentes and Ilumiled to Brighten Downtown Querétaro Mexico
DURHAM, N.C.--(BUSINESS WIRE)---- $SGH #CreeLED--Cree LED announced that Santiago de Querétaro, Mexico has replaced all of its historic downtown area sodium-based lamps with new high-efficiency LEDs.
SGH Announces Fourth Quarter and Full Year Fiscal 2024 Financial Conference Call
MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #EarningsWebcast--SGH announced that it will host its financial webcast and conf call for Q4 and full FY2024 earnings after market close on Tues, Oct 15 at 4...
SMART Modular Technologies Introduces Flash Memory Drives with SEU Mitigation for Remote Applications
NEWARK, Calif.--(BUSINESS WIRE)---- $SGH #FlashMemory--SMART Modular announces a proprietary technology to mitigate the adverse impact of single event upsets in high-reliability flash-memory based sys...
Stratus Releases Linux-based Virtualization for ftServer Platforms
MAYNARD, Mass.--(BUSINESS WIRE)---- $SGH #DataCenter--Stratus today announced expanded capabilities for its ftServer family of computing platforms that now have KVM support for Red Hat Enterprise Linu...
SMART Modular Technologies Introduces DDR5 RDIMMs with Conformal Coating for Liquid Immersion Servers
NEWARK, Calif.--(BUSINESS WIRE)---- $SGH #AI--SMART Modular launched a new line of DDR5 Registered DIMMs (RDIMMs) with conformal coating specifically designed for use in liquid immersion servers.
SMART Global Holdings Announces Pricing of Upsized Private Offering of $175.0 Million Convertible Notes
MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #ConvertibleNotes--SGH announced pricing of $175.0 million in aggregate principal amount of convertible senior notes due 2030 to be offered and sold to quali...
Cree LED Delivers 20% Efficiency Increase for XLamp XE-G LEDs
DURHAM, N.C.--(BUSINESS WIRE)---- $SGH #CreeLED--Cree LED announced the launch of its higher performance XLamp XE-G LEDs that deliver +20% efficiency via higher light output & lower forward voltage.
SMART Global Holdings Announces Proposed Private Offering of Convertible Notes
MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #ConvertibleNotes--SGH today announced that it intends to offer $150.0 million in aggregate principal amount of convertible senior notes due 2030 to qualifie...
Stratus ztC Endurance Fault-Tolerant Platform Extends Connectivity to Enterprise Data Center
MAYNARD, Mass.--(BUSINESS WIRE)---- $SGH #Edge--Stratus announced new capabilities for Stratus ztC Endurance platform which delivers hi-rel connectivity to critical production data stored in SANs.
SGH to Become Penguin Solutions
NEW YORK--(BUSINESS WIRE)---- $SGH #AI--SMART Global Holdings (SGH) today announced its intention to become Penguin Solutions, Inc., reflecting its expertise in AI infrastructure solutions.
SGH Announces $200 Million Strategic Investment from SK Telecom to Advance End-to-End AI Infrastructure Solutions
NEW YORK--(BUSINESS WIRE)---- $SGH #AI--Today SGH announced that SK Telecom, an affiliate of SK Group, is making a $200 million preferred equity investment in SGH to enhance its AI offerings.