Penguin Solutions, Inc. (PENG)Technology | Information Technology Services | Fremont, United States | NasdaqGS
26.74 USD
+0.65
(2.491%)
⇧
(April 17, 2026, 4 p.m.
EDT)
After hours: 26.93 +0.18 (0.692%) ⇧ (April 17, 2026, 7:55 p.m. EDT) Short-term: ★★★★☆ | Long-term: ★★★★☆ | Dividends: ☆☆☆☆☆ |
Hot Take | April 18, 2026, 7:32 p.m. EDT
PENG is a high-conviction momentum play driven by a massive re-rating in sentiment following a raised 2026 outlook, despite revenue contraction. The market is pricing in a transition from 'growth at any cost' to 'profitability execution,' evidenced by the explosive earnings growth and the aggressive positioning of options traders betting on a re-test of the $30 range within the next 3-6 months. While the forward P/E contraction validates the turnaround narrative, the absence of dividends and high short interest (26% of float) mean this stock will trade on pure momentum and volatility rather than income. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.084727 |
| AutoETS | 0.084727 |
| AutoTheta | 0.084918 |
| MSTL | 0.093092 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 21% |
| H-stat | 8.96 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.000 |
| Excess Kurtosis | 1.55 |
| Attribute | Value |
|---|---|
| Sector | Technology |
| Debt to Equity Ratio | 83.443 |
| Revenue per Share | 25.576 |
| Market Cap | 1,405,458,560 |
| Trailing P/E | 38.20 |
| Forward P/E | 10.39 |
| Beta | 2.22 |
| Profit Margins | 4.07% |
| Previous Name | SMART Global Holdings, Inc. |
| Website | https://www.penguinsolutions.com |
As of April 18, 2026, 7:32 p.m. EDT: Speculators are heavily biased towards upside in the near and medium term. Call volume and Open Interest dominate Put data, particularly at the 30.0 and 35.0 strikes for the 2026-06 and 2026-09 expirations, indicating a strong directional bet on price appreciation to $30+. The May and June Call OI is concentrated well above the current spot price, while Put Open Interest is skewed deep OTM (12.5-20.0 strikes), suggesting downside hedging is minimal relative to the aggressive call positioning. Short-term (April) options show a lack of aggressive put buying, reinforcing the bullish momentum.
| Attribute | Value |
|---|---|
| 52 Week Change | 0.7021005 |
| Address1 | 45,800 Northport Loop West |
| All Time High | 37.25 |
| All Time Low | 5.75 |
| Ask | 33.68 |
| Ask Size | 2 |
| Audit Risk | 2 |
| Average Analyst Rating | 1.4 - Strong Buy |
| Average Daily Volume10 Day | 1,455,030 |
| Average Daily Volume3 Month | 1,227,353 |
| Average Volume | 1,227,353 |
| Average Volume10Days | 1,455,030 |
| Beta | 2.224 |
| Bid | 19.44 |
| Bid Size | 2 |
| Board Risk | 1 |
| Book Value | 7.709 |
| City | Fremont |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Compensation Risk | 5 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 26.74 |
| Current Ratio | 2.097 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,774,915,200 |
| Day High | 27.47 |
| Day Low | 26.22 |
| Debt To Equity | 83.443 |
| Display Name | Penguin |
| Earnings Call Timestamp End | 1,775,075,400 |
| Earnings Call Timestamp Start | 1,775,075,400 |
| Earnings Growth | 5.444 |
| Earnings Quarterly Growth | 3.634 |
| Earnings Timestamp | 1,775,073,600 |
| Earnings Timestamp End | 1,782,936,000 |
| Earnings Timestamp Start | 1,782,936,000 |
| Ebitda | 139,311,008 |
| Ebitda Margins | 0.10333 |
| Enterprise To Ebitda | 11.437 |
| Enterprise To Revenue | 1.182 |
| Enterprise Value | 1,593,234,304 |
| Eps Current Year | 2.185 |
| Eps Forward | 2.57386 |
| Eps Trailing Twelve Months | 0.7 |
| Esg Populated | 0 |
| Exchange | NMS |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 19.6604 |
| Fifty Day Average Change | 7.0795994 |
| Fifty Day Average Change Percent | 0.36009437 |
| Fifty Two Week Change Percent | 70.21005 |
| Fifty Two Week High | 29.8 |
| Fifty Two Week High Change | -3.0599995 |
| Fifty Two Week High Change Percent | -0.10268455 |
| Fifty Two Week Low | 15.395 |
| Fifty Two Week Low Change | 11.344999 |
| Fifty Two Week Low Change Percent | 0.7369275 |
| Fifty Two Week Range | 15.395 - 29.8 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,495,632,600,000 |
| Float Shares | 49,059,646 |
| Forward Eps | 2.57386 |
| Forward P E | 10.389066 |
| Free Cashflow | 119,547,128 |
| Full Exchange Name | NasdaqGS |
| Full Time Employees | 2,900 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,775,001,600 |
| Gross Margins | 0.28322 |
| Gross Profits | 381,852,992 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.03408 |
| Held Percent Institutions | 1.17405 |
| Implied Shares Outstanding | 52,560,157 |
| Industry | Information Technology Services |
| Industry Disp | Information Technology Services |
| Industry Key | information-technology-services |
| Is Earnings Date Estimate | 1 |
| Language | en-US |
| Last Fiscal Year End | 1,756,425,600 |
| Last Split Date | 1,643,760,000 |
| Last Split Factor | 2:1 |
| Long Business Summary | Penguin Solutions, Inc. designs, builds, deploys and manages enterprise solutions worldwide. The company operates through three segments: Advanced Computing, Integrated Memory, and Optimized LED. It offers hardware, software, and services focusing on technical computing for core and cloud environments through high-performance computing and AI solutions under the Penguin Solutions, Penguin Computing, Stratus, and Penguin Edge brands. The company also provides Penguin Solutions OriginAI, an AI infrastructure solution for customers deploying GPUs at scale; continuous availability of customers critical data and applications in data centers and edge locations under the Stratus brand products; and dynamic random-access memory, modules, solid-state/flash storage, and other integrated memory solutions to networking and telecom, data analytics, AI, and ML under the SMART Modular Technologies brand. In addition, it provides Zefr, a memory module; Altus and AMD EPYC based servers for expansive memory for AI workloads; flash memory products comprising solid-state drives, Serial Advanced Technology Attachment, and PCIe NVMe products in 2.5 enclosures, M.2, EDSFF, and other module form factors; and multimediacard and embedded and removable USB products, and SD and microSD Card configurations, as well as firmware development. Further, the company offers procurement, logistics, inventory management, temporary warehousing, programming, kitting, and packaging supply chain services; and LEDs under the Cree LED brand; Cree LED XLamp and J Series packaged LED components. It serves OEMs, enterprise, government, and other end customers through direct and third-party channels. The company has a collaboration with Deepgram and Dell Technologies. The company was formerly known as SMART Global Holdings, Inc. and changed its name to Penguin Solutions, Inc. in October 2024. Penguin Solutions, Inc. was founded in 1988 and is headquartered in Fremont, California. |
| Long Name | Penguin Solutions, Inc. |
| Market | us_market |
| Market Cap | 1,405,458,560 |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_429150870 |
| Most Recent Quarter | 1,772,150,400 |
| Name Change Date | 2,026-04-18 |
| Net Income To Common | 38,102,000 |
| Next Fiscal Year End | 1,787,961,600 |
| Non Diluted Market Cap | 1,356,988,363 |
| Number Of Analyst Opinions | 7 |
| Open | 26.67 |
| Operating Cashflow | 108,398,000 |
| Operating Margins | 0.07795 |
| Overall Risk | 4 |
| Payout Ratio | 0.0 |
| Phone | 510 623 1231 |
| Post Market Change | 0.18499947 |
| Post Market Change Percent | 0.6918454 |
| Post Market Price | 26.925 |
| Post Market Time | 1,776,470,105 |
| Prev Name | SMART Global Holdings, Inc. |
| Previous Close | 26.09 |
| Price Eps Current Year | 12.237987 |
| Price Hint | 2 |
| Price To Book | 3.468673 |
| Price To Sales Trailing12 Months | 1.0424372 |
| Profit Margins | 0.04066 |
| Quick Ratio | 1.456 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | strong_buy |
| Recommendation Mean | 1.42857 |
| Region | US |
| Regular Market Change | 0.65 |
| Regular Market Change Percent | 2.49137 |
| Regular Market Day High | 27.47 |
| Regular Market Day Low | 26.22 |
| Regular Market Day Range | 26.22 - 27.47 |
| Regular Market Open | 26.67 |
| Regular Market Previous Close | 26.09 |
| Regular Market Price | 26.74 |
| Regular Market Time | 1,776,456,000 |
| Regular Market Volume | 1,191,398 |
| Return On Assets | 0.030369999 |
| Return On Equity | 0.095860004 |
| Revenue Growth | -0.062 |
| Revenue Per Share | 25.576 |
| Sand P52 Week Change | 0.38150132 |
| Sector | Technology |
| Sector Disp | Technology |
| Sector Key | technology |
| Share Holder Rights Risk | 9 |
| Shares Outstanding | 50,747,508 |
| Shares Percent Shares Out | 0.1815 |
| Shares Short | 9,211,245 |
| Shares Short Previous Month Date | 1,772,150,400 |
| Shares Short Prior Month | 7,709,488 |
| Short Name | Penguin Solutions, Inc. |
| Short Percent Of Float | 0.25959998 |
| Short Ratio | 10.94 |
| Source Interval | 15 |
| State | CA |
| Symbol | PENG |
| Target High Price | 35.0 |
| Target Low Price | 23.0 |
| Target Mean Price | 28.71429 |
| Target Median Price | 27.0 |
| Total Cash | 489,172,000 |
| Total Cash Per Share | 9.639 |
| Total Debt | 509,563,008 |
| Total Revenue | 1,348,242,944 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | 0.7 |
| Trailing P E | 38.2 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 21.774324 |
| Two Hundred Day Average Change | 4.9656754 |
| Two Hundred Day Average Change Percent | 0.22805187 |
| Type Disp | Equity |
| Volume | 1,191,398 |
| Website | https://www.penguinsolutions.com |
| Zip | 94,538 |