Shares of semiconductor maker Penguin Solutions (NASDAQ:PENG) fell 16.2% in the afternoon session after the company reported third-quarter financial results that missed revenue expectations and provided a disappointing forecast.
Semiconductor maker Penguin Solutions (NASDAQ:PENG) fell short of the market’s revenue expectations in Q3 CY2025, but sales rose 8.6% year on year to $337.9 million. Its non-GAAP profit of $0.37 per share was in line with analysts’ consensus estimates.
Investors and traders are closely monitoring the gap up and gap down stocks in today's session on Wednesday. Let's explore the market movements and identify the stocks with significant gaps.
Semiconductor maker Penguin Solutions (NASDAQ:PENG) missed Wall Street’s revenue expectations in Q3 CY2025, but sales rose 8.6% year on year to $337.9 million. Its non-GAAP profit of $0.37 per share was in line with analysts’ consensus estimates.
A number of stocks fell in the afternoon session after reports revealed tech giant Oracle is generating lower-than-expected margins in its cloud business and losing money on Nvidia chip rentals. The news caused Oracle's shares to tumble over 5% and sparked a wider tech sell-off, pulling the S&P 500 and Nasdaq down.
Shares of semiconductor maker Penguin Solutions (NASDAQ:PENG) jumped 4.4% in the morning session after an analyst at Stifel maintained a 'Buy' rating and raised the firm's price target on the company's shares.
