Penguin Solutions Reports Fourth Quarter and Full Year Fiscal 2024 Financial Results
Penguin Solutions, Inc. - Ordinary Shares (PENG)
Company Research
Source: Business Wire
SMART Global Holdings Is Now Penguin SolutionsQ4 FY24 Revenue Across All Business Segments Up Sequentially MILPITAS, Calif.--(BUSINESS WIRE)--Penguin Solutions, Inc. (“Penguin Solutions,” “we,” “us,” or the “Company”) (NASDAQ: PENG) today announced its new company name and reported financial results for the fourth quarter and full year fiscal 2024.New Company Name and Ticker SymbolThe Company is pleased to announce the successful completion of its name change from SMART Global Holdings, Inc. to Penguin Solutions, Inc., a move that reflects the Company’s strategic transformation and evolving focus on key areas such as artificial intelligence (“AI”) infrastructure deployment, advanced memory enterprise solutions and high-performance computing. Effective today, the Company’s ordinary shares are trading under the new ticker symbol “PENG” on Nasdaq.Fiscal 2024 HighlightsNet sales of $1.2 billion versus $1.4 billion in fiscal year 2023GAAP gross margin of 29.1%, up 30 basis points versus
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- PENG (NASDAQ: PENG) had its price target lowered by analysts at Stifel Nicolaus from $32.00 to $27.00. They now have a "buy" rating on the stock.MarketBeat
- PENG (NASDAQ: PENG) had its price target lowered by analysts at Barclays PLC from $27.00 to $22.00. They now have an "overweight" rating on the stock.MarketBeat
- PENG (NASDAQ: PENG) had its price target lowered by analysts at Needham & Company LLC from $35.00 to $25.00. They now have a "buy" rating on the stock.MarketBeat
- SGH Becomes Penguin SolutionsBusiness Wire