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U.S. stocks were mostly flat, with the Dow Jones index falling around 0.1% on Thursday.
Shares of Penguin Solutions Inc (NASDAQ:PENG) rose sharply during Thursday’s session after the company reported better-than-expected second-quarter financial results and raised its FY26 guidance.
Net sales were $343 million, down 6% year over year but above the $337.938 million estimate. Adjusted EPS was 52 cents, beating the 42-cent estimate, while GAAP diluted EPS rose to 58 cents from 9 cents.
Also, Needham maintained its Buy rating on the stock and raised its price target from $25 to $27.
Penguin Solutions shares jumped 14.7% to $20.94 …
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