Penguin Solutions jumps on annual forecast raise
08/07/2026 17:15
BUZZ-Penguin Solutions jumps on annual forecast raise ** Shares of Penguin Solutions PENG.O jump 18.8% to $74.47 after it raised its fiscal 2026 forecast
** On Tuesday, PENG said it expected annual sales growth of 22%, plus or minus 2%, vs. earlier forecast of growth of 12%, plus or minus 5%
** PENG sees 2026 adj. EPS of $2.60, plus or minus 5 cents, compared with previous projection of $2.15, plus or minus 15 cents
** For Q3, PENG posted sales of $478.7 million, vs. analysts' estimates of $405.5 million - data compiled by LSEG
** PENG's stock has more than tripled so far this year
(Reporting by Juby Babu in Mexico City)