Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
BUZZ-Penguin Solutions shares soar as it raises full-year revenue guidance and beats expectations for Q4 results.

BUZZ-Penguin Solutions shares soar as it raises full-year revenue guidance and beats expectations for Q4 results.

路透社路透社2026/10/07 10:31
Show original

October 7 - **Shares of AI data center infrastructure provider Penguin Solutions (PENG.O) rose 6.3% in pre-market trading to $68.26.** The company raised its fiscal 2027 net sales forecast to a midpoint of about $2.43 billion, up from the previous midpoint of about $2.17 billion; it expects fiscal 2027 revenues to grow 40% year-over-year, with a margin of error of ±10%. **Fiscal 2027 adjusted earnings per share (EPS) are projected at $4.45 (with a fluctuation of plus or minus $0.70), while consensus analyst expectations, according to LSEG data, were at $3.38.** The report shows Q4 revenue at $566.7 million and adjusted EPS at $1, both beating analyst estimates. **All seven brokerage firms covering the stock have a "buy" or higher rating; the median price target is $82.5.** As of the previous trading day’s close, PENG shares are up more than threefold this year, while the S&P 600 Small Cap Index .SPCY has risen just over 15% during the same period. (For the convenience of non-English speakers, Reuters provides automatic translations of its reports into several other languages. Due to the potential inaccuracy of automatic translations or missing context, Reuters does not guarantee the accuracy of these translated texts and provides them solely for the convenience of readers. Reuters assumes no liability for any damage or loss arising from the use of automatic translation features.)

- ** Shares of artificial intelligence data center infrastructure provider Penguin Solutions (PENG.O) rose 6.3% in pre-market trading to $68.26.

** The company raised its fiscal 2027 net sales forecast to approximately $2.43 billion at the midpoint of the range, up from a previous estimate of $2.17 billion; expects fiscal 2027 revenue to grow 40% year over year, with a margin of error of ±10%.

** Expects adjusted earnings per share (EPS) for fiscal 2027 to be $4.45 (with a possible fluctuation of 70 cents), while the consensus analyst estimate according to LSEG-compiled data is $3.38.

** The report shows (link) that fourth-quarter revenue was $566.7 million and adjusted EPS was $1, both exceeding analysts' expectations.

** All seven brokerages covering the stock rate it a "buy" or higher; median target price is $82.5.

** As of the previous trading day's close, PENG shares have more than tripled year-to-date, while the S&P 600 Small Cap Index gained just over 15% in the same period .SPCY.


(To assist non-native English speakers, Reuters automatically translates its reports into several other languages. As automated translation may be inaccurate or contain insufficient context, Reuters does not guarantee the accuracy of the automated translation and provides it solely for readers’ convenience. Reuters accepts no liability for any losses or damages arising from the use of these automatic translations.)

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Procore director Kevin J. O’Connor disposes of USD 820,090 in common shares

Procore: Director Kevin J. O’Connor reported selling 15,384 common shares on Oct. 5-6. Sales prices ranged from $52.83 to $55.08 per share. Indirect holding fell to 908,286 shares, held via the Kevin J. O’Connor Revocable Trust. O’Connor also reported 21,344 shares held directly. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Procore Technologies Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-065378), on October 07, 2026, and is solely responsible for the information contained therein.

Bitget•2026/10/08 00:37

Microsoft (MSFT.US) launches new flagship laptop! Equipped with Nvidia chips, certain AI tasks outperform Apple MacBook.

Microsoft held a Surface product launch event on Wednesday, announcing the price and release schedule for the new flagship Surface Laptop Ultra equipped with Nvidia chips. Microsoft also stated that the device outperforms competing Apple products in certain artificial intelligence (AI) tasks.

智通财经•2026/10/08 00:36