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Penguin Solutions jumps premarket following strong Q4 beat, upbeat outlook, and CFO appointment
Seeking Alpha ·
Seeking Alpha reports: Penguin Solutions shares surged higher following its fiscal fourth-quarter earnings release, gaining 6.96% in premarket trading on Wednesday. The positive stock reaction came as the company reported significant beats on both top and bottom-line metrics and offered a stronger-than-expected full-year outlook and the executive appointment of Stephen Cumming as Senior Vice President and CFO. For the Q4, Penguin Solutions delivered net sales of $567M, up 68% Y/Y from $338M…