Digi International (NASDAQ:DGII) Updates Q1 Earnings Guidance

Digi International (NASDAQ:DGII) updated its first quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.46-0.50 for the period, compared to the consensus EPS estimate of $0.45. The company issued revenue guidance of $102-106 million, compared to the consensus revenue estimate of $104.75 million.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on DGII. Craig Hallum reduced their target price on Digi International from $32.00 to $28.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Piper Sandler decreased their price objective on Digi International from $27.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $34.20.

Digi International Stock Down 1.4 %

DGII traded down $0.45 during trading on Wednesday, reaching $32.17. 291,449 shares of the stock traded hands, compared to its average volume of 191,914. The stock’s 50-day simple moving average is $28.82 and its two-hundred day simple moving average is $26.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.00 and a quick ratio of 1.31. Digi International has a fifty-two week low of $20.17 and a fifty-two week high of $33.33. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 70.48, a price-to-earnings-growth ratio of 1.09 and a beta of 1.06.

About Digi International

Digi International Inc provides business and mission-critical Internet of Things (IoT) products, services, and solutions in the United States, Europe, the Middle East, Africa, and internationally. The company operates in two segments, IoT Products & Services, and IoT Solutions. It offers cellular routers for mission-critical wireless connectivity; cellular modules to embed cellular communications abilities into the products to deploy and manage intelligent and secure cellular connected products; console servers to provide secure and remote access to network equipment in data centers and at edge locations; and radio frequency products, including embedded wireless modules, off-the-shelf gateways, modems, and adapters under the Digi XBee brand.