PENG! x402 (PENG) news

U.S. stocks movement: Penguin Solutions surged on October 7th due to better-than-expected earnings, AI demand, and memory growth.

Stocks Decline Pre-Bell Ahead of Fed Meeting Minutes

07:49 AM EDT, 10/07/2026 (MT Newswires) -- The main US stock measures pointed lower in Wednesday's premarket activity as traders await minutes from the Federal Reserve's last policy meeting. The S&P 500 edged down 0.1%, the Dow Jones Industrial Average declined 0.3%, and the Nasdaq 100 was off 0.4%. The S&P 500 and the Nasdaq Composite finished Tuesday trading with record highs, while the Dow extended its rally for a fourth consecutive session. The Fed is scheduled to post minutes of its September policy meeting at 2 pm ET, which will be assessed for fresh insight on the central bank's monetary policy trajectory. At that meeting, the central bank raised interest rates by 25 basis points, its first hike in just over three years, to combat inflation that has run persistently above its 2% target. Markets are currently pricing in an 81% probability that the central bank will keep its benchmark rate steady later this month, with the remaining odds in favor of a 25-basis-point hike, according to the CME FedWatch tool. Treasury yields were trending upwards early Wednesday, with the two-year rate rising 1.7 basis points to 4.81% and the 10-year rate adding 5.5 basis points to 5.33%. Wednesday's economic calendar also has the weekly mortgage applications bulletin followed by the weekly EIA domestic petroleum inventories report. West Texas Intermediate crude oil inclined 0.7% to $90.03 a barrel, while Brent advanced 1.4% to $101.93. About 20 commercial ships, mostly tankers, were attacked over the past month while sailing through the crucial Strait of Hormuz, the Persian Gulf, or off the coast of Oman, CNBC reported Tuesday, citing the Joint Maritime Information Center. Saudi Arabia's energy minister, Prince Abdulaziz bin Salman, said Tuesday that the Kingdom's East-West pipeline has increased crude flows to 5.8 million barrels per day, according to Reuters. Shares of Constellation Brands (STZ) fell 5.2% pre-bell as the beer and wine company reiterated its full-year adjusted earnings outlook. Penguin Solutions (PENG) jumpe

PENGUIN SOLUTIONS INC : STIFEL RAISES TARGET PRICE TO $85 FROM $75

PENGUIN SOLUTIONS INC : STIFEL RAISES TARGET PRICE TO $85 FROM $75

PENGUIN SOLUTIONS INC : NEEDHAM RAISES TARGET PRICE TO $85 FROM $80

PENGUIN SOLUTIONS INC : NEEDHAM RAISES TARGET PRICE TO $85 FROM $80

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

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.)

Dow Jones Top Company Headlines at 3 AM ET: Shell's Refining Margin Surges to Record | A ...

Shell's Refining Margin Surges to Record Refining margins came in at $42 a barrel in the third quarter compared with $24 a barrel in the second, driven by volatility stemming from the conflict in the Middle East. ---- A High-Stakes Gambit Clinched Paramount's Warner Deal David Ellison's megadeal combining Paramount and Warner Bros. closed Tuesday, ushering in a new era for Hollywood. ---- LG Electronics' Preliminary Earnings Disappoint The South Korean consumer-electronics company has continued to expand aggressively into fast-growing businesses in the AI era, such as data-center cooling systems. ---- Jaguar Ditches the Pink Branding in Unveil of Its Big, Sleek Type 01 EV Long-promised vehicle will start around $130,000 in the U.S. as Jaguar aims to sell fewer cars at higher prices. ---- Constellation Brands Profit Rises on Higher Beer, Spirits Sales Sales in Constellation's beer business, which includes Corona and Modelo, rose 5%, while its wine and spirits business saw a 17% increase in sales. ---- Fair Isaac to Cut About 15% of Workforce as Competition Intensifies The job cuts come as the company behind the FICO credit score faces new competitive pressure. ---- FlyDubai Attacker Was Part of Pilot Hiring Spree at Fast-Growing Airline Authorities and industry insiders are now questioning whether the airline's fast growth contributed to last week's near catastrophe. ---- Penguin Solutions' Memory Business Soars on AI Demand. Can Its Stock Rally Again? Penguin Solutions posted fiscal fourth-quarter earnings of $1 a share, a 133% year-over-year rise, and net sales of $567 million, up 68%. ---- Google and Constellation Energy Strike a Sweeping Nuclear-Power Deal The deal is the largest-ever "uprate" project, one that squeezes more power out of existing reactors, between a nuclear-power provider and a tech company. ---- AI-Computing Startup Lambda Is Raising $4 Billion in Final Round Before Planned IPO The Nvidia-backed company is targeting an IPO in 2027. ---- Skydance's Ambitious Goals Face a Steep Road Skydance fa

Dow Jones Top Company Headlines at 9 PM ET: Constellation Brands Profit Rises on Higher Beer, Spirits Sales | Fair ...

Constellation Brands Profit Rises on Higher Beer, Spirits Sales Sales in Constellation's beer business, which includes Corona and Modelo, rose 5%, while its wine and spirits business saw a 17% increase in sales. ---- Fair Isaac to Cut About 15% of Workforce as Competition Intensifies The job cuts come as the company behind the FICO credit score faces new competitive pressure. ---- Penguin Solutions' Memory Business Soars on AI Demand. Can Its Stock Rally Again? Penguin Solutions posted fiscal fourth-quarter earnings of $1 a share, a 133% year-over-year rise, and net sales of $567 million, up 68%. ---- Google and Constellation Energy Strike a Sweeping Nuclear-Power Deal The deal is the largest-ever "uprate" project, one that squeezes more power out of existing reactors, between a nuclear-power provider and a tech company. ---- AI-Computing Startup Lambda Is Raising $4 Billion in Final Round Before Planned IPO The Nvidia-backed company is targeting an IPO in 2027. ---- Skydance's Ambitious Goals Face a Steep Road Skydance faces a tough task achieving its goals against a tough media and entertainment industry backdrop. Wall Street is taking a wait-and-see approach. ---- CD&R, McKesson to Acquire At-Home Infusion Therapy Provider for $5.8 Billion Under the agreement, CD&R will hold a majority interest of about 51% in Option Care Health, while McKesson will hold about 49%. ---- Mistral to Release New AI Model to Better Compete With U.S. Rivals Mistral launched a public preview of the model on Tuesday and plans to release its trained parameters on Oct. 27. ---- Uber to Expand Uber Eats Service with $2.3 Billion Acquisition of Catering Platform The deal gives Uber Eats access to ezCater's network of more than 140,000 restaurants in the U.S., which generate over $2.5 billion in annual gross bookings. ---- Lamb Weston Says Cost-Saving Efforts Are Paying Off The french fry maker said profit and sales exceeded expectations in the latest quarter, citing strong demand and steps the company has taken to counter rising costs. -

Dow Jones Top Company Headlines at 7 PM ET: Constellation Brands Profit Rises on Higher Beer, Spirits Sales | Google ...

Constellation Brands Profit Rises on Higher Beer, Spirits Sales Sales in Constellation's beer business, which includes Corona and Modelo, rose 5%, while its wine and spirits business saw a 17% increase in sales. ---- Google and Constellation Energy Strike a Sweeping Nuclear-Power Deal The deal is the largest-ever "uprate" project, one that squeezes more power out of existing reactors, between a nuclear-power provider and a tech company. ---- Fair Isaac to Cut About 15% of Workforce as Competition Intensifies The job cuts come as the company behind the FICO credit score faces new competitive pressure. ---- AI-Computing Startup Lambda Is Raising $4 Billion in Final Round Before Planned IPO The Nvidia-backed company is targeting an IPO in 2027. ---- Uber to Expand Uber Eats Service with $2.3 Billion Acquisition of Catering Platform The deal gives Uber Eats access to ezCater's network of more than 140,000 restaurants in the U.S., which generate over $2.5 billion in annual gross bookings. ---- Skydance's Ambitious Goals Face a Steep Road Skydance faces a tough task achieving its goals against a tough media and entertainment industry backdrop. Wall Street is taking a wait-and-see approach. ---- Becton Dickinson to Invest $19 Billion in U.S. in Exchange for Tariff Relief The move makes the needle- and medical-device maker the latest company to pledge to expand domestic manufacturing to secure an exemption from the Trump administration's tariffs. ---- Penguin Solutions' Memory Business Soars on AI Demand. Can Its Stock Rally Again? Penguin Solutions posted fiscal fourth-quarter earnings of $1 a share, a 133% year-over-year rise, and net sales of $567 million, up 68%. ---- Lamb Weston Says Cost-Saving Efforts Are Paying Off The french fry maker said profit and sales exceeded expectations in the latest quarter, citing strong demand and steps the company has taken to counter rising costs. ---- Energy Transfer to Acquire Vaquero Midstream for $2.63 Billion The deal consists of $1.95 billion in cash and about 33.3 million new

Penguin Solutions lifts FY2027 net sales outlook midpoint to $2.43 billion, sees diluted EPS $3.50

Penguin Solutions raised fiscal 2027 outlook, projecting net sales midpoint USD 2.43 billion, about 40% YoY growth with a ±10-point range. Diluted EPS forecast USD 3.50 ± USD 0.70; non-GAAP diluted EPS USD 4.45 ± USD 0.70. Gross margin view 27% ± 2% on a GAAP basis; 28% ± 2% on a non-GAAP basis. Operating expenses expected at USD 329 million ± USD 10 million GAAP; USD 275 million ± USD 10 million non-GAAP. Guidance follows fiscal 2026 net sales of USD 1.73 billion, diluted EPS of USD 2.60, Q4 net sales of USD 566.69 million. 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. Penguin Solutions 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: 0001616533-26-000046), on October 06, 2026, and is solely responsible for the information contained therein.

Penguin Solutions names Stephen Cumming SVP, CFO

Penguin Solutions named Stephen Cumming senior vice president and CFO, effective immediately. Cumming was CFO at Edgio. He previously served as CFO at Cambium Networks, leading its 2019 IPO. Earlier roles include CFO at Kenandy, Atmel, with senior finance posts at Fairchild Semiconductor, National Semiconductor. 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. Penguin Solutions Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202610061606BIZWIRE_USPR_____20261006_BW014846) on October 06, 2026, and is solely responsible for the information contained therein.

Tuesday Highlights in the U.S. Market (Beijing Time)

(1) 20:15 ADP Weekly Employment Change Data. (2) 20:30 US Trade Balance Data. (3) 21:05 Speech by New York Federal Reserve President Williams. (4) 22:00 RCM/TIPP Economic Optimism Index. (5) 22:45 Speech by Federal Reserve Vice Chair Bowman. (6) 23:30 95 billions USD 6-week US Treasury Auction. (7) Next day 01:00 58 billions USD 3-year US Treasury Auction. (8) Next day 01:15 Speech by Kansas City Federal Reserve President Schmid. (9) Next day 02:00 US Treasury Bond Repurchase Operation. (10) Next day 04:30 API Crude Oil Inventory Data. (11) Next day 07:00 Speech by Dallas Federal Reserve President Logan. (12) On the same day, earnings reports to focus on: RPM, Lamb Weston, Constellation Brands, and Penguin Solutions.

U.S. stocks surge: Penguin Solutions jumps on October 2 due to AI order growth, earnings expectations, and memory business

[Unusual Movement Interpretation] PenguinSolutions Surges on September 17: Earnings Call Preview, AI Storage, and Lektra Partnership

Peng Png on Bitcoin's Underlying Logic: Large Holders Have Become "Landlords," Retail Traders' Leveraged Trading Is Like Paying Rent

GoPlus Issues Urgent Warning on x402 Tokens as Exploits Hit Hundreds of Users

x402 Ecosystem Faces Security Risks Amid Rapid Crypto Growth

Security Research Institute: Several x402 ecosystem projects have been found to have risks, including over-authorization and signature replay issues.

GoPlus: Multiple early-stage x402 projects found with high-risk issues such as excessive permissions, unlimited minting, HonyPot, and signature replay attacks

GoPlus: Multiple x402 ecosystem projects found to have risks, including excessive authorization and signature replay

Goldman Sachs: Assuming the US government shutdown ends this week, the October employment report is expected to be released early next week.

Cango Inc. Expands Bitcoin Mining Holdings Significantly

Shanghai Procuratorate discloses virtual currency fraud case: 8 people were sentenced for inducing investors to trade with full leverage, leading to

US Weekly Jobless Claims Unexpectedly Fall, Labor Market Remains Stable

BTC Digital Dumps Bitcoin for Ethereum in Radical Treasury Pivot

Nasdaq-listed Bitcoin mining firm BTC Digital has announced a sweeping overhaul of its treasury strategy, opting to liquidate all its Bitcoin reserves and pivot entirely to Ethereum.

JD.com to support stablecoin shopping by launching its own HKD-backed stablecoins

Your weather app can’t save you — but a new system might

Donald Trump Talks to Chinese President Xi Jinping – Is the Trade War Coming to an End? Here Are the Details of the Call

Blockchain Builders by Stanford Grads Closes $28M Fund I to Fuel Early-Stage Web3 Innovation

Here's the team behind Freysa AI that has quietly raised $30 million from Coinbase Ventures and others

Quick Take Freysa AI, a crypto-AI project, has raised $30 million from Coinbase Ventures, Selini Capital, and others, The Block has confirmed. The Block has also learned that the entity behind Freysa is Eternis AI. Eternis was co-founded by Srikar Varadaraj, Pratyush Ranjan Tiwari, Ken Li and Augustinas Malinauskas. The startup aims to “equip every human with a personal AI twin.”

JD.com's stablecoin has entered the second phase of sandbox testing and will provide services to retail and institutions