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FREMONT, Calif.--(BUSINESS WIRE)---- $PENG #AI--Penguin Solutions announced a collaboration with Deepgram and Dell for an optimized infrastructure aligned to Deepgram's enterprise voice AI needs.
FREMONT, Calif.--(BUSINESS WIRE)---- $PENG #AI--Penguin Solutions' OriginAI portfolio addresses the need for +GPU memory to solve context size/concurrency & meet low latency demands of AI inference.
FREMONT, Calif.--(BUSINESS WIRE)---- $PENG #AI--Penguin Solutions today announced its MemoryAI KV cache server, the industry's first production-ready KV cache server utilizing CXL memory technology.
Penguin Solutions, Inc. (NASDAQ: PENG - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the nine ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating on
FREMONT, Calif.--(BUSINESS WIRE)---- $PENG #AI--Penguin Solutions will host its quarterly financial webcast & conf call for Q2FY2026 earnings after market close Wed April 1 at 1:30 pm PT/4:30 pm ET.
FREMONT, Calif.--(BUSINESS WIRE)---- $PENG #AI--Penguin Solutions announced the grant of inducement equity awards to SVP & Chief Product Officer Ian Colle for his employment starting March 2, 2026.
FREMONT, Calif.--(BUSINESS WIRE)---- $PENG #AI--Penguin Solutions announced the appointment of Ian Colle as SVP/Chief Product Officer responsible for Penguin's AI Factory Platform product strategy.
Cookson Peirce and Co. Inc. purchased a new position in shares of Penguin Solutions, Inc. (NASDAQ: PENG) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 37,466 shares of the company's stock, valued at approximately $985,000. Cookson Peirce and Co. Inc. owned about
Penguin Solutions (NASDAQ: PENG) held its Annual Meeting of Stockholders via a virtual-only live audio webcast, with stockholders participating through an online portal, company executives said during the meeting. President and CEO Kash Shaikh served as chair of the meeting. Anne Kuykendall, senior vice president and chief legal officer, acted as secretary and recorded the minutes.
FREMONT, Calif.--(BUSINESS WIRE)---- $PENG #CEO--Penguin Solutions today announced the grant of inducement equity awards to its new President and CEO Kash Shaikh with his employment on Feb 2, 2026.
DURHAM, N.C.--(BUSINESS WIRE)---- $PENG #CreeLED--Cree LED today announced OptiLamp™ LEDs, a new display technology that integrates driver and control intelligence directly into every LED pixel.
FREMONT, Calif.--(BUSINESS WIRE)--Penguin Solutions, Inc. (“Penguin Solutions” or the “Company”) (NASDAQ: PENG), a leading provider of high-performance computing and AI infrastructure solutions, today announced the retirement of Mark Adams as President and Chief Executive Officer and as a Director of the Company. After a thorough search process, the Board has appointed technology veteran Kash Shaikh as President and Chief Executive Officer and as a Director of the Company, effective February 2,.
DURHAM, N.C.--(BUSINESS WIRE)---- $PENG #BlizzardLighting--Cree LED and Blizzard Lighting today announced a mutually beneficial settlement resolving a patent infringement dispute involving Cree LED's patents.
Penguin Solution is reiterated as a buy, driven by robust core AI infrastructure growth and expanding sovereign AI opportunities. PENG's Q1 headline numbers understate performance; core Advanced Computing grew 52% y/y, and Integrated Memory revenue surged 41% y/y. Sovereign AI projects across multiple regions provide durable, non-discretionary growth, complementing enterprise and memory-driven momentum.
FREMONT, Calif.--(BUSINESS WIRE)---- $PENG #AI--Penguin Solutions today announced that its SMART Modular CXL NV-CMM E3.S 2T non-volatile memory module has successfully passed CXL compliance testing.
DURHAM, N.C.--(BUSINESS WIRE)---- $PENG #CreeLED--Cree LED today announced its new Level 2 (L2) Solutions portfolio, offering both standard and custom fully-populated LED PC board assemblies (PCBAs).
SG Americas Securities LLC bought a new stake in shares of Penguin Solutions, Inc. (NASDAQ: PENG) during the undefined quarter, according to the company in its most recent disclosure with the SEC. The fund bought 149,173 shares of the company's stock, valued at approximately $3,920,000. SG Americas Securities LLC owned approximately 0.28% of
Penguin Solutions NASDAQ: PENG could be the deep value AI play you've been looking for. It's currently trading at pennies on the dollar relative to long-term forecasts—forecasts that may be overly cautious.
Penguin Solutions (PENG) is pivoting to AI infrastructure, driving modest revenue growth and maintaining strong gross margins despite market volatility. PENG's Q1 revenue rose 2% sequentially to $343M, with Advanced Computing up 9%, but hyperscale hardware sales were absent. Non-GAAP operating income grew 1% year-over-year to $42M, aided by disciplined cost controls and reduced operating expenses.
U.S. stock futures were mixed on Wednesday after a higher close on Tuesday. Futures of major benchmark indices were mixed. Investors are bracing for a heavy slate of economic releases, including the ADP employment report and ISM services index, on Wednesday.