PENG Should I Buy
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Penguin Solutions Inc (PENG) is not a strong buy at the moment for a beginner investor with a long-term focus. The technical indicators are bearish, financial performance shows declining profitability, and there are no significant positive catalysts or recent news to support immediate growth. While analysts maintain a buy rating, the lack of strong trading signals and weak financial trends suggest holding off for now.
The MACD is negative and contracting (-0.0234), RSI is neutral at 46.203, and moving averages are bearish (SMA_200 > SMA_20 > SMA_5). Key support and resistance levels are Pivot: 18.574, R1: 19.636, S1: 17.512, R2: 20.292, S2: 16.856. These indicators suggest a bearish trend.
Analyst Kevin Cassidy expects Penguin Solutions to beat estimates due to strong demand in enterprise networking, server, and hyperscale markets, with visibility through 2026.
No recent news or significant trading trends from hedge funds or insiders. Financial performance shows declining net income (-61.55% YoY), EPS (-60.00% YoY), and gross margin (-2.76% YoY).
In Q1 2026, revenue increased slightly by 0.58% YoY to $343.07M. However, net income dropped significantly by 61.55% YoY to $2.01M, EPS fell by 60.00% YoY to $0.04, and gross margin declined by 2.76% YoY to 27.87%.
Rosenblatt analyst Kevin Cassidy maintains a Buy rating, citing strong demand in enterprise networking, server, and hyperscale markets, with visibility through 2026. However, no recent price target changes were noted.
