- Price
- $57.84
- Day
- +9.96%
- Mkt Cap
- $2.96B
- 52W Range
- $16.04 – $89.86
- Volume
- 1.97M
- Beta
- 2.83
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Most recent articles and analysis covering this company.
I am reiterating Penguin Solutions (PENG) as a Strong Buy rating with an revised price target of $119 post Q3 2026 results. PENG delivered record Q3 revenue of $479M (+48% y/y), non-GAAP operating income up 67%, and EPS up 79% to $0.84. The stock trades at 16.71x FWD non-GAAP earnings and 10.63x FWD EV/EBITDA, both below their sector medians despite faster revenue, EBITDA and EPS growth.
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Penguin Solutions CEO Kash Shaikh appeared on CNBC on July 29 with his thesis for the current AI cycle: “Memory is the new compute, especially with agentic AI.
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PENG's ClusterWareAI is driving software and services growth as customers expand AI deployments across its full-stack platform.
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Penguin's faster growth, AI infrastructure momentum and steep valuation discount make it the stronger buy over Datadog.
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FREMONT, Calif.--(BUSINESS WIRE)---- $PENG #AI--Penguin Solutions announced it has closed its private offering of $750.0 million aggregate principal amount of 0.00% convertible senior notes due 2031.
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MU, PENG and BE pair massive one-year gains with sharp weekly pullbacks, fitting a momentum anomaly screen.
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Integrated memory products now make up more than half of Penguin Solutions' total revenue. The company's rising sales are fueled by significant multiyear trends such as agentic AI and the pivot toward inference accounting for a greater share of AI workloads.
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Penguin Solutions, Inc., the AI Factory Platform Company (âPenguin,â âweâ or the âCompanyâ) (Nasdaq: PENG), today announced the pricing of $650.0 m
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FREMONT, Calif.--(BUSINESS WIRE)---- $PENG #AI--Penguin Solutions announced pricing of $650.0M in aggregate principal amount of convertible senior notes due 2031 to be offered to qualified buyers.
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PENG raises its fiscal 2026 outlook as AI demand drives revenue growth, a rising backlog and stronger business visibility.
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