BUZZ-Penguin Solutions climbs after annual forecast raise

Penguin Solutions Incorporation

Penguin Solutions Incorporation

PENG

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** 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


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