Penguin Solutions shares are trading higher after the company reported better-than-expected Q4 financial results and issued FY27 EPS guidance above estimates. The company appointed Stephen Cumming as CFO.

By Elias SchisgallPenguin Solutions named a new chief financial officer and reported a surging profit in the fourth quarter, driven by demand for the company's artificial-intelligence infrastructure.The computing solutions company on Tuesday said Stephen Cumming is taking over as CFO, effective imm…