Penguin Solutions Announces CEO Transition
Penguin Solutions, Inc. (PENG)
Company Research
Source: Business Wire
Mark Adams to Retire as President and CEOKash Shaikh Appointed as President and CEO FREMONT, Calif.--(BUSINESS WIRE)--Penguin Solutions, Inc. (“Penguin Solutions” or the “Company”) (NASDAQ: PENG), a leading provider of high-performance computing and AI infrastructure solutions, today announced the retirement of Mark Adams as President and Chief Executive Officer and as a Director of the Company. After a thorough search process, the Board has appointed technology veteran Kash Shaikh as President and Chief Executive Officer and as a Director of the Company, effective February 2, 2026. To ensure a smooth transition, Adams will remain with the Company as an advisor for nine months.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260202585013/en/Shaikh brings more than three decades of technology leadership and operational experience to Penguin Solutions, with a proven track record of driving growth, innovation and customer-cen
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PENG
News
- Penguin Solutions (NASDAQ:PENG) had its "buy" rating reaffirmed by analysts at Needham & Company LLC. They now have a $25.00 price target on the stock.MarketBeat
- Penguin Solutions (NASDAQ:PENG) had its "buy" rating reaffirmed by analysts at Rosenblatt Securities. They now have a $30.00 price target on the stock.MarketBeat
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- Goldman Sachs Assumes Penguin Solutions (PENG) Coverage with Buy Rating, $25 PT [Yahoo! Finance]Yahoo! Finance
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PENG
Earnings
- 1/6/26 - Beat
PENG
Sec Filings
- 1/21/26 - Form 4
- 1/21/26 - Form 4
- 1/21/26 - Form 4
- PENG's page on the SEC website