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Stock impact report

Meta Timing Creates Buying Opportunity in Penguin Solutions (PENG), Analyst Says [Yahoo! Finance]

Penguin Solutions, Inc. (PENG) 
Company Research Source: Yahoo! Finance
On October 8, Rosenblatt lowered its price target on the stock to $30.00 from $36.00 while maintaining a “Buy” rating. The firm noted how Penguin's fourth quarter fiscal 2025 revenue was slightly below consensus, despite its Non-GAAP EPS exceeding forecasts. The company's management guided for 6% year-over-year revenue growth for fiscal 2026, which is less than the 10% growth analysts had predicted. Rosenblatt stated how the lower guidance includes only software and services revenue from Meta. This is baecause the company doesn't yet have clear visibility into new Meta hardware deployments, which is mostly a timing issue related to Meta's ongoing RSC buildout and Penguin's own fiscal calendar. With the addition of a tier-1 financial institution and a major consumer products company, Penguin has increasingly been diversifying its customer base beyond hyperscalers. Its advanced Computing segment reported 75% year-over-year revenue growth for fiscal 2025. Meanwhile, its Integrated Show less Read more
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