Penguin Solutions: A Name Change Won't Help [Seeking Alpha]
SMART Global Holdings, Inc. - Ordinary Shares (SGH)
Last smart global holdings, inc. - ordinary shares earnings: 4/7 04:05 pm
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ir.smartm.com
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Source: Seeking Alpha
Follow Summary Penguin Solutions' name change reflects a focus on AI infrastructure, but underlying fundamentals remain weak with inconsistent revenue growth and significant debt. Despite a projected 15% revenue growth in fiscal 2025, the business's cyclical nature and competitive market raise concerns about sustainable growth. Valuation at 9x forward non-GAAP EPS appears cheap, but negative free cash flow and high net debt make it a risky investment. The AI opportunity is enticing, but financial instability and poor execution make Penguin Solutions a value trap; I recommend selling at $17 per share. Looking for a helping hand in the market? Members of Deep Value Returns get exclusive ideas and guidance to navigate any climate. Learn More » nikpal/E+ via Getty Images Investment Thesis Smart Global changed its name to Penguin Solutions ( NASDAQ: PENG ). I believe the reason for changing the company's name had to do with its determination to double down on its Intelli
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SGH
News
- SMART (NASDAQ:SGH) Misses Q3 Analysts' Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- SMART Global Non-GAAP EPS of $0.37 misses by $0.03, revenue of $311M misses by $14M [Seeking Alpha]Seeking Alpha
- Update: SGH, October 15 [Forbes]Forbes
- Cree LED Partners with IDC Componentes and Ilumiled to Brighten Downtown Querétaro MexicoBusiness Wire
- SGH Announces Fourth Quarter and Full Year Fiscal 2024 Financial Conference CallBusiness Wire
SGH
Earnings
- 7/9/24 - Beat
SGH
Sec Filings
- 10/16/24 - Form 8-K/A
- 10/15/24 - Form 8-K
- 10/3/24 - Form 8-K
- SGH's page on the SEC website