According to Zacks, “Digi International Inc. is a worldwide provider of communications hardware and software delivering seamless connectivity solutions for peripheral server-based remote access and local area networking markets. The Company operates exclusively in a single business segment and sells its products through a global network of distributors, systems integrators, value-added resellers and original equipment manufacturers. They also sell direct to select accounts and the government. “
A number of other analysts also recently issued reports on the company. Canaccord Genuity reissued a buy rating and set a $17.00 price objective on shares of Digi International in a research report on Tuesday, September 13th. Sidoti downgraded Digi International from a buy rating to a neutral rating in a research report on Wednesday, August 24th.
Shares of Digi International (NASDAQ:DGII) opened at 11.69 on Wednesday. The firm’s 50 day moving average is $11.67 and its 200 day moving average is $10.73. The stock has a market capitalization of $303.48 million, a price-to-earnings ratio of 19.20 and a beta of 1.24. Digi International has a 52-week low of $7.70 and a 52-week high of $13.53.
Digi International (NASDAQ:DGII) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.06. The firm earned $52.13 million during the quarter, compared to the consensus estimate of $52.60 million. Digi International had a return on equity of 4.23% and a net margin of 7.58%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the company earned $0.08 EPS. Equities analysts expect that Digi International will post $0.46 earnings per share for the current year.
A number of institutional investors have recently added to or reduced their stakes in DGII. Gamco Investors INC. ET AL increased its position in Digi International by 1.8% in the second quarter. Gamco Investors INC. ET AL now owns 11,040 shares of the company’s stock valued at $118,000 after buying an additional 200 shares in the last quarter. Arizona State Retirement System increased its position in Digi International by 6.5% in the first quarter. Arizona State Retirement System now owns 13,141 shares of the company’s stock valued at $124,000 after buying an additional 800 shares in the last quarter. Bowling Portfolio Management LLC purchased a new position in Digi International during the first quarter valued at $128,000. Acrospire Investment Management LLC increased its position in shares of Digi International by 116.3% in the second quarter. Acrospire Investment Management LLC now owns 11,905 shares of the company’s stock worth $128,000 after buying an additional 6,400 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its position in shares of Digi International by 6.2% in the second quarter. Thrivent Financial for Lutherans now owns 12,560 shares of the company’s stock worth $135,000 after buying an additional 730 shares in the last quarter. 82.36% of the stock is owned by institutional investors.
About Digi International
Digi International Inc is a provider of Internet of Things (IoT) networking hardware products and solutions that enable the connection, monitoring and control of local or remote physical assets by electronic means. The Company’s products and solutions are deployed via both wired and, ever increasingly, wireless networks.
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