JMP Securities initiated coverage on Penguin Solutions with a new price target
$PENG
Semiconductors
Technology
JMP Securities initiated coverage of Penguin Solutions with a rating of Mkt Outperform and set a new price target of $23.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/22/2026 | $27.00 | Overweight → Equal Weight | Barclays |
| 1/13/2026 | $25.00 | Buy | Goldman |
| 3/31/2025 | $20.00 | Neutral | 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 |
8-K - Penguin Solutions, Inc. (0001616533) (Filer)
8-K - Penguin Solutions, Inc. (0001616533) (Filer)
144 - Penguin Solutions, Inc. (0001616533) (Subject)
New addition to the XLamp Element family enables superior color mixing, higher intensity and miniaturized optical designs for high-performance lighting applications Cree LED®, a Penguin Solutions brand (Nasdaq: PENG), today announced its new XLamp® XE-B LEDs, extending the industry-leading XLamp Element family into an even smaller form factor to enable new levels of design flexibility and performance. The XE-B LEDs feature an ultra-compact 0.9 × 1.4 mm package engineered to deliver high intensity in optical systems, whether used individually or in arrays. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260602145871/en/Smaller L
Company Reaffirms Full-Year Fiscal 2026 Outlook with Both Net Sales and Diluted EPS Expected to Be at the High End of Outlook Range for Full-Year Fiscal 2026 Supported by Agentic AI-Driven Demand Penguin Solutions, Inc. (Nasdaq: PENG), the AI Factory Platform Company, today announced that Nate Olmstead, Senior Vice President and Chief Financial Officer, will step down as the CFO of the company on July 8, 2026 to pursue a new opportunity in a different industry. Aaron Johnson, Penguin Solutions' Vice President of Finance and Accounting, will succeed Mr. Olmstead as Interim CFO, effective July 9, 2026. Mr. Johnson is a seasoned finance and accounting executive with over 16 years of public
Penguin Solutions, Inc. ("Penguin Solutions" or the "Company") (Nasdaq: PENG), the AI Factory Platform company, today announced that David Heard, President of Network Infrastructure at Nokia, has been appointed to Penguin Solutions' board of directors, effective immediately. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260518589175/en/David Heard, President of Network Infrastructure at Nokia, has been appointed to Penguin Solutions' board of directors. His track record of operational execution and scaling global businesses is expected to complement the board's expertise as Penguin Solutions continues to converge its capabiliti
Barclays downgraded Penguin Solutions from Overweight to Equal Weight and set a new price target of $27.00
Goldman resumed coverage of Penguin Solutions with a rating of Buy and set a new price target of $25.00
Analyst initiated coverage of Penguin Solutions with a rating of Neutral and set a new price target of $20.00
4 - Penguin Solutions, Inc. (0001616533) (Issuer)
4 - Penguin Solutions, Inc. (0001616533) (Issuer)
4 - Penguin Solutions, Inc. (0001616533) (Issuer)
Company Reaffirms Full-Year Fiscal 2026 Outlook with Both Net Sales and Diluted EPS Expected to Be at the High End of Outlook Range for Full-Year Fiscal 2026 Supported by Agentic AI-Driven Demand Penguin Solutions, Inc. (Nasdaq: PENG), the AI Factory Platform Company, today announced that Nate Olmstead, Senior Vice President and Chief Financial Officer, will step down as the CFO of the company on July 8, 2026 to pursue a new opportunity in a different industry. Aaron Johnson, Penguin Solutions' Vice President of Finance and Accounting, will succeed Mr. Olmstead as Interim CFO, effective July 9, 2026. Mr. Johnson is a seasoned finance and accounting executive with over 16 years of public
Penguin Solutions, Inc. ("Penguin Solutions" or the "Company") (Nasdaq: PENG), the AI Factory Platform company, today announced that David Heard, President of Network Infrastructure at Nokia, has been appointed to Penguin Solutions' board of directors, effective immediately. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260518589175/en/David Heard, President of Network Infrastructure at Nokia, has been appointed to Penguin Solutions' board of directors. His track record of operational execution and scaling global businesses is expected to complement the board's expertise as Penguin Solutions continues to converge its capabiliti
Leader to drive product strategy and execution for AI Factory Platform Penguin Solutions, Inc. (Penguin Solutions; Nasdaq: PENG) today announced the appointment of Ian Colle as senior vice president and chief product officer. He will be responsible for leading product strategy, roadmap development, and lifecycle execution for Penguin's AI Factory Platform. Colle brings 25 years of experience to Penguin Solutions, joining from Amazon Web Services (AWS) where he most recently served as general manager of advanced computing and simulation. At AWS, he helped build a global HPC and AI infrastructure business from the ground up and scale it into a multi-billion-dollar portfolio, leading globall
Raises Full Year Net Sales and EPS Outlook Penguin Solutions, Inc. ("Penguin Solutions," "we," "us," or the "Company") (Nasdaq: PENG) today reported financial results for the second quarter of fiscal 2026. Second Quarter Fiscal 2026 Highlights Net sales of $343 million, down 6% versus the year-ago quarter GAAP gross margin of 27.3%, down 130 basis points versus the year-ago quarter Non-GAAP gross margin of 31.2%, up 40 basis points versus the year-ago quarter GAAP diluted EPS of $0.58 versus $0.09 in the year-ago quarter Non-GAAP diluted EPS of $0.52 for the current and year-ago quarters "Enterprises, governments, and neocloud providers are racing to build AI factories
Penguin Solutions, Inc. ("Penguin Solutions") (Nasdaq: PENG), the AI factory platform company, today announced that the company will host its quarterly financial webcast and conference call for its second quarter fiscal year 2026 earnings after market close on Wednesday, April 1, 2026, 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. The conference call can be accessed by registering online at PENG Q2 FY26 Earnings Call Webcast, at which time registrants will receive dial-in information as well as a conference ID. The live webcast will be accessible from the Penguin Solutions' inves
Solid First Quarter Driven by Operational Excellence and Memory Growth Penguin Solutions, Inc. ("Penguin Solutions," "we," "us," or the "Company") (NASDAQ: PENG) today reported financial results for the first quarter of fiscal 2026. First Quarter Fiscal 2026 Highlights Net sales of $343 million, up 1% versus the year-ago quarter GAAP gross margin of 28.0%, down 70 basis points versus the year-ago quarter Non-GAAP gross margin of 30.0%, down 80 basis points versus the year-ago quarter GAAP diluted EPS of $0.04 versus $0.10 in the year-ago quarter Non-GAAP diluted EPS of $0.49 for the current and year-ago quarter "In Q1 we expanded our pipeline and made progress on our s
SC 13G/A - Penguin Solutions, Inc. (0001616533) (Subject)
SC 13G - Penguin Solutions, Inc. (0001616533) (Subject)