Penguin Solutions Inc’s (NASDAQ:PENG) better-than-expected results for the fiscal first quarter show steady progress in AI, according to Rosenblatt Securities.
The Penguin Solutions Analyst: analyst Kevin Cassidy reiterated a Buy rating and price target of $30.
The Penguin Solutions Thesis: The company reported revenues of $343 million, beating consensus of $338.4 million, and non-GAAP earnings of 49 cents per share, …