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Stock impact report

Penguin Solutions: Analyst Says Buy The Stock On 'Weakness Tied To Meta's Hardware Order Timing' [Yahoo! Finance]

Penguin Solutions, Inc. (PENG) 
Company Research Source: Yahoo! Finance
Penguin Solutions Inc (NASDAQ: PENG ) guided to 6% revenue growth for fiscal 2026, below Street expectations of 10%, with limited near-term visibility into new hardware deployments for Meta Platforms Inc (NASDAQ: META ), according to Rosenblatt Securities. The Penguin Solutions Analyst: Analyst Kevin Cassidy reiterated a Buy rating, while lowering the price target from $36 to $30. The Penguin Solutions Thesis: The company's revenue grew 17% to $1.37 billion, in-line with guidance, while fourth-quarter revenue came in slightly below consensus, Cassidy said in the note. Don't Miss: If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it An EA Co-Founder Shapes This VC Backed Marketplace— Now You Can Invest in Gaming's Next Big Platform Management's revenue guidance for fiscal 2026 incorporates only software and services revenue from Meta, he added. The lack of new Meta hardware deployments is possibly "a timi Show less Read more
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