Penguin Solutions, Inc. (PENG)
| Market Cap | 830.23M |
| Revenue (ttm) | 1.17B |
| Net Income (ttm) | -52.47M |
| Shares Out | 52.91M |
| EPS (ttm) | -1.01 |
| PE Ratio | n/a |
| Forward PE | 9.05 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 915,549 |
| Open | 16.36 |
| Previous Close | 16.15 |
| Day's Range | 15.56 - 16.44 |
| 52-Week Range | 13.14 - 29.81 |
| Beta | 1.67 |
| Analysts | Strong Buy |
| Price Target | 24.67 (+57.23%) |
| Earnings Date | Oct 15, 2024 |
About PENG
SMART Global Holdings, Inc., a memory-focused company, engages in the designing and development of enterprise solutions in the United States, China, Europe, and internationally. It operates through Memory Solutions, Intelligent Platform Solutions, and LED Solutions segments. The company offers dynamic random access memory modules, solid-state and flash storage, and other advanced memory solutions for networking and telecom, data analytics, artificial intelligence and machine learning applications; and supply chain services including procurement... [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 3 analysts, the average rating for PENG stock is "Strong Buy." The 12-month stock price forecast is $24.67, which is an increase of 57.23% from the latest price.
News
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.
Penguin Solutions Selected as the Managed Services Partner for Voltage Park's NVIDIA Clusters
FREMONT, Calif.--(BUSINESS WIRE)-- #AI--Penguin Solutions has been selected by Voltage Park to provide core prof and managed services and software for its large-scale NVIDIA-based clusters.
SMART Global Holdings, Inc. (SGH) Q3 2024 Earnings Call Transcript
SMART Global Holdings, Inc. (NASDAQ:SGH) Q3 2024 Earnings Conference Call July 9, 2024 4:30 PM ET Company Participants Suzanne Schmidt - IR Mark Adams - President & CEP Jack Pacheco - COO & President...
SGH Reports Third Quarter Fiscal 2024 Financial Results
MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #IR--SMART Global Holdings (SGH) today reported financial results for Q3FY2024; sequential revenue growth drives GAAP EPS of $0.10, non-GAAP EPS of $0.37.
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Top Wall Street Forecasters Revamp SMART Global Expectations Ahead Of Q3 Earnings
SMART Global Holdings, Inc. SGH is scheduled to release its third quarter financial results, after the closing bell on Tuesday, July 9.
SGH Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #CFO--SGH today announced the grant of inducement awards to its new SVP & CFO, Nate Olmstead, per his commencement of employment with SGH on June 26, 2024.
SGH Appoints Nate Olmstead as SVP and Chief Financial Officer
MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #CFO--SGH announced that Nate Olmstead has joined the company today as SVP & CFO to lead its worldwide finance org. Olmstead reports to SGH CEO Mark Adams.
Penguin Solutions Expands OriginAI Solution to Accelerate AI Factory Deployment and Optimize Performance
FREMONT, Calif.--(BUSINESS WIRE)-- #AI--Penguin announced expansion of OriginAI solution to include validated pre-defined AI architectures backed by cluster management software and services.
SGH Announces Third Quarter Fiscal 2024 Financial Conference Call
MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #FinancialWebcast--SGH today announced its quarterly financial webcast & conference call for Q3 FY2024 earnings is scheduled for Tues, July 9, at 1:30 pm PT/...
SGH to Host Analyst Day on July 16, 2024
MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #IPS--SGH will host an Analyst Day July 16; 10 am - 12:30 pm ET; at the Nasdaq MarketSite in NYC. Advanced registration is required for the in-person event.