Penguin Solutions, Inc.·Technology
Penguin Solutions, Inc. engages in the designing and development of enterprise solutions worldwide. It operates through three segments: Advanced Computing, Integrated Memory, and Optimized LED. It offers dynamic random access memory modules, solid-state and flash storage, and other advanced integrated memory solutions for networking and telecom, data analytics, artificial intelligence and machine learning applications; and supply chain services, including procurement, logistics, inventory management, temporary warehousing, programming, kitting, and packaging services. The company also provides Penguin Computing that focus on technical computing for core and cloud environments through high-performance computing and AI solutions; and Penguin Edge, an edge computing solution for embedded and wireless applications, such as high-performance products for government, health care, manufacturing, and telecommunications applications. In addition, it offers Stratus, which provides simplified, protected, and autonomous fault tolerant computing solutions in the data center and at the Edge through hardware and software services; and solutions to education, energy, financial services, government, hyperscale, and manufacturing markets. Further, the company provides LED chip products comprising blue and green LED chips based on gallium nitride, and related materials under Cree LED brand; and surface mount devices under the Cree LED XLamp and J Series brands. It sells its products directly to original equipment manufacturers, enterprise, government and other end customers through direct sales force, e-commerce, customer service representatives, on-site field application engineers, independent sales representatives, distributors, integrators, and resellers. 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 based in Grand Cayman, Cayman Islands.
Technology
Hardware, Equipment & Parts
2,700
2017-05-24
2.65

Penguin Solutions, Inc. (PENG) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

FREMONT, Calif.--(BUSINESS WIRE)---- $PENG #AI--Penguin Solutions today announced that David Heard, President of Network Infrastructure at Nokia, has been appointed to Penguin's board of directors.

On May 13, 2026, Penguin Solutions Inc (PENG) shares rose 9.4% to a current price of $48.20. This increase is notable given the stock's 52-week range of $16.04

Penguin Solutions shares surged 11.01% in after-hours trading as AMD-backed high-performance computing expansion news and recent insider filing activity drew investor attention.

Penguin Solutions, Inc. (PENG) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

From a technical perspective, Penguin Solutions, Inc. (PENG) is looking like an interesting pick, as it just reached a key level of support. PENG's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.