SGH Becomes Penguin Solutions
Penguin Solutions, Inc. - Ordinary Shares (PENG)
Company Research
Source: Business Wire
Transition from SGH to Penguin Solutions reflects tech innovator’s ongoing commitment to delivering advanced compute solutions to help solve the industry’s most complex challenges MILPITAS, Calif.--(BUSINESS WIRE)--Penguin Solutions, Inc. (Penguin Solutions, Nasdaq: PENG) today announced the completion of its brand transition from SGH - SMART Global Holdings, Inc., into a robust end-to-end infrastructure solution provider. Building on a 25-year history of delivering high-performance computing (HPC) solutions, the new Penguin Solutions designs, builds, deploys, and manages next-generation enterprise infrastructure for AI and beyond.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241015879473/en/Combining the expertise and capabilities of Penguin Solutions with the company’s other business lines creates new opportunities for innovation on the design and delivery of comprehensive solutions—from core to cloud to edge—for next
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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
- Penguin Solutions Reports Fourth Quarter and Full Year Fiscal 2024 Financial ResultsBusiness Wire