Loop Capital initiated coverage on Penguin Solutions with a new price target
$PENG
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Technology
Loop Capital initiated coverage of Penguin Solutions with a rating of Buy and set a new price target of $30.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/7/2025 | $30.00 | Buy | Loop Capital |
| 11/18/2024 | $23.00 | Mkt Outperform | JMP Securities |
| 11/1/2024 | $21.00 | Buy | Goldman |
| 10/16/2024 | $35.00 → $25.00 | Buy | Needham |
SC 13G/A - Penguin Solutions, Inc. (0001616533) (Subject)
SC 13G - Penguin Solutions, Inc. (0001616533) (Subject)
Collaboration expected to provide technology and capabilities to deliver comprehensive AI data center solutions and services to expanded geographic regions Penguin Solutions, Inc. (Penguin Solutions; Nasdaq: PENG) today announced it has entered into a strategic collaboration agreement with SK Telecom ("SKT") and SK hynix to pursue the development and delivery of comprehensive AI data center ("AIDC") solutions. The agreement, signed during CES 2025 in Las Vegas, follows the December closing of SKT's $200 million strategic investment in Penguin Solutions as the AI infrastructure market continues to gain traction across a broad array of industries. This press release features multimedia. Vi
Revenue up by 24% vs. Q1 FY24, highlighted by 49% growth in Advanced Computing Penguin Solutions, Inc. ("Penguin Solutions," "we," "us," or the "Company") (Nasdaq: PENG) today reported financial results for the first quarter of fiscal 2025. First Quarter Fiscal 2025 Highlights Net sales of $341 million, up 24.4% versus the year-ago quarter GAAP gross margin of 28.7%, down 150 basis points versus the year-ago quarter Non-GAAP gross margin of 30.8%, down 250 basis points versus the year-ago quarter GAAP diluted EPS of $0.10 versus $(0.23) in the year-ago quarter Non-GAAP diluted EPS of $0.49 versus $0.24 in the year-ago quarter "Our strong performance this quarter, highl
Cree LED, a Penguin Solutions brand (Nasdaq: PENG), today announced that it has filed a patent infringement lawsuit in the United States District Court for the Northern District of California against ADJ Products, LLC (ADJ). The lawsuit asserts that ADJ has infringed Cree LED's rights in the following patents by selling certain display products: U.S. Patent Nos. US8049230, US8901583, US9054257, US8487337, US8748915, US7718991, US9634209, US9240395, USD684545 and USD704358. Cree LED specializes in delivering a broad portfolio of high-performance LED chips and components to its customers. Cree LED, together with its predecessor, Cree, Inc., has a thirty-five-year track record of innovations
4 - Penguin Solutions, Inc. (0001616533) (Issuer)
3 - Penguin Solutions, Inc. (0001616533) (Issuer)
3 - Penguin Solutions, Inc. (0001616533) (Issuer)
Revenue up by 24% vs. Q1 FY24, highlighted by 49% growth in Advanced Computing Penguin Solutions, Inc. ("Penguin Solutions," "we," "us," or the "Company") (Nasdaq: PENG) today reported financial results for the first quarter of fiscal 2025. First Quarter Fiscal 2025 Highlights Net sales of $341 million, up 24.4% versus the year-ago quarter GAAP gross margin of 28.7%, down 150 basis points versus the year-ago quarter Non-GAAP gross margin of 30.8%, down 250 basis points versus the year-ago quarter GAAP diluted EPS of $0.10 versus $(0.23) in the year-ago quarter Non-GAAP diluted EPS of $0.49 versus $0.24 in the year-ago quarter "Our strong performance this quarter, highl
Penguin Solutions, Inc. ("Penguin Solutions") (NASDAQ: PENG), a leading designer and developer of high-performance, high-availability enterprise solutions, today announced that the company will host its quarterly financial webcast and conference call for its first quarter fiscal year 2025 earnings after market close on Wednesday, January 8, 2025, beginning at 1:30 p.m. Pacific Time (PT) / 4:30 p.m. Eastern Time (ET). Financial results will be issued in a press release prior to the conference call. Webcast Information: To access the live webcast: PENG Q1 FY25 Earnings Call Webcast Conference Call Information: Participants may also listen to the conference call by dialing: +1-833-470-14
Loop Capital initiated coverage of Penguin Solutions with a rating of Buy and set a new price target of $30.00
JMP Securities initiated coverage of Penguin Solutions with a rating of Mkt Outperform and set a new price target of $23.00
Goldman initiated coverage of Penguin Solutions with a rating of Buy and set a new price target of $21.00
10-Q - Penguin Solutions, Inc. (0001616533) (Filer)
8-K - Penguin Solutions, Inc. (0001616533) (Filer)
SCHEDULE 13D - Penguin Solutions, Inc. (0001616533) (Subject)