Needham reiterated coverage on Penguin Solutions with a new price target
$PENG
Semiconductors
Technology
Needham reiterated coverage of Penguin Solutions with a rating of Buy and set a new price target of $25.00 from $35.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/20/2026 | $40.00 | Equal Weight → Underweight | Barclays |
| 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 |
Barclays downgraded Penguin Solutions from Equal Weight to Underweight and set a new price target of $40.00
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
3 - Penguin Solutions, Inc. (0001616533) (Issuer)
4 - Penguin Solutions, Inc. (0001616533) (Issuer)
4 - Penguin Solutions, Inc. (0001616533) (Issuer)
8-K - Penguin Solutions, Inc. (0001616533) (Filer)
SCHEDULE 13G - Penguin Solutions, Inc. (0001616533) (Subject)
10-Q - Penguin Solutions, Inc. (0001616533) (Filer)
$750 million convertible senior notes; 0.00% coupon; 50.0% conversion premium Strong investor demand supported the initial purchasers’ full exercise of their $100 million option Refinancing enhances capital structure, extends debt maturities, and reduces interest expense With the capped calls, Penguin anticipates no net dilution from the Notes until Penguin’s share price exceeds approximately $175.05 per share, or an approximately 125% increase above Penguin’s closing price at pricing Penguin Solutions, Inc., the AI Factory Platform Company ("Penguin," "we" or the "Company") (NASDAQ:PENG), today announced that it has closed its previously announced private offering of $750.0 mi
Enhances capital structure and extends debt maturities through opportunistic refinancing of certain existing convertible notes Reduces potential dilution upon conversion of notes through capped call transactions Strengthens financial flexibility Penguin Solutions, Inc., the AI Factory Platform Company ("Penguin," "we" or the "Company") (NASDAQ:PENG), today announced the pricing of $650.0 million in aggregate principal amount of convertible senior notes due 2031 (the "Notes") to be offered and sold to qualified institutional buyers as defined in Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). Concurrently with the offering, the Company expects to exch
Penguin Solutions, Inc. ("Penguin," "we" or the "Company") (NASDAQ:PENG) today announced it intends to offer $650.0 million in aggregate principal amount of convertible senior notes due 2031 (the "Notes") to qualified institutional buyers as defined in Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), subject to market and other conditions. Concurrently with the offering, the Company expects to enter into privately negotiated exchanges of a portion of certain existing convertible senior notes due 2029 and 2030. The Company also expects to grant to the initial purchasers of the Notes an option to purchase, for settlement within a period of 13 days from, and inclu
Delivers Record Quarterly Results and Raises Full-Year Outlook for Both Net Sales and EPS, Reflecting AI-Driven Demand Penguin Solutions, Inc. ("Penguin Solutions," "we," "us," or the "Company") (Nasdaq: PENG) today reported financial results for the third quarter of fiscal 2026. Third Quarter Financial Highlights Record net sales of $479 million, up 48% versus the year-ago quarter Record Q3 GAAP operating income of $51 million, up 417% versus the year-ago quarter Record Q3 Non-GAAP operating income of $64 million, up 67% versus the year-ago quarter Q3 GAAP diluted EPS of $0.68 versus $(0.01) in the year-ago quarter Q3 Non-GAAP diluted EPS of $0.84 versus $0.47 in the yea
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 third quarter fiscal year 2026 earnings after market close on Tuesday, July 7, 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 Q3 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 investor r
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
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
SC 13G/A - Penguin Solutions, Inc. (0001616533) (Subject)
SC 13G - Penguin Solutions, Inc. (0001616533) (Subject)