Penguin Solutions climbs after annual forecast raise
07/07/2026 21:30
BUZZ-Penguin Solutions climbs after annual forecast raise ** Shares of data center firm Penguin Solutions PENG.O rise 7.7% to $67.52 after the bell
** Penguin now sees fiscal 2026 sales growth of 22%, plus or minus 2%, vs. earlier forecast of growth of 12%, plus or minus 5%
** Expects annual adj. EPS of $2.60, plus or minus 5 cents, compared with previous projection of $2.15, plus or minus 15 cents
** PENG reports Q3 sales of $478.7 million, vs. analysts' estimates of $405.5 million - data compiled by LSEG
** "We are seeing very strong AI-driven customer demand for memory and AI infrastructure solutions," said CEO Kash Shaikh
** As of Tuesday's close, PENG has more than tripled so far this year
(Reporting by Juby Babu in Mexico City)