Group 1 - Penguin Solutions, Inc. is set to release its fourth-quarter earnings results on October 7, with analysts expecting earnings of 37 cents per share, unchanged from the previous year [1] - The company is projected to report quarterly revenue of $342.11 million, an increase from $311.15 million a year earlier [1] - On August 27, Penguin Solutions filed for an offering of 6.096 million shares by selling securityholders [2] Group 2 - Shares of Penguin Solutions rose by 1.4% to close at $27.46 [3] - Analysts have provided various ratings and price targets for the company, with Rosenblatt maintaining a Buy rating and raising the price target from $27 to $36 [8] - Other analysts, including Needham and Loop Capital, also maintained Buy ratings with increased price targets, while JP Morgan maintained a Neutral rating with a modest increase in price target [8]
Penguin Solutions Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts