Digi International Inc. provides business and mission-critical Internet of Things (IoT) products, services, and solutions in the United States and internationally.
Digi International stock last closed at $32.34, up 1.79% from the previous day, and has increased 58.76% in one year. It has overperformed other stocks in the Communication Equipment industry by 0.72 percentage points. Digi International stock is currently +74.43% from its 52-week low of $18.54, and -25.96% from its 52-week high of $43.68.
At the moment, there are 35.74M DGII shares outstanding. The market value of DGII is $1.16B. In the last 24 hours, 393,057 DGII shares were traded.
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After you have identified the best place to buy Digi International stock, it's very important to evaluate their stock prior to investing, so you truly wrap your head around the risk as well as the opportunity.
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You can view all of the due diligence checks on DGII's stock page.
You can use many financial metrics, analyses, models, and charts to gauge DGII's intrinsic value.
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You can access more valuation research on DGII's stock here.
Out of 5 Equities analysts who give ratings on DGII, the consensus analyst rating on Digi International is a Strong Buy
It's important to keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
Derek Soderberg, a bottom 32% analyst from Cantor Fitzgerald reiterates DGII with a strong buy rating and maintains their DGII price target from $48.00 to $48.00, on Feb 3, 2023.
Tommy Moll, a top 19% analyst from Stephens & Co. maintains DGII with a strong buy rating and raises their DGII price target from $40.00 to $50.00, on Nov 11, 2022.
Michael Walkley, a top 7% analyst from Canaccord Genuity maintains DGII with a strong buy rating and raises their DGII price target from $41.00 to $46.00, on Nov 11, 2022.
Walkley raised his price target on Digi International Inc. by 12.2% following the release of the company's Q4 and FY 2022 earnings report on 2022/11/10.
"Driven by the company's strong IoT (Internet of Things) Products & Services gross margins, his expectations for healthy growth of its IoT Solutions business, and increasing contribution from higher-margin recurring revenue," Digi's strong Q4, and FY results "substantiate" his sustained long-term cash flow generation expectations, the analyst told investors.
Digi International reported:
For Q4 2022:
For FY 2022:
For Q1 2023, management guided:
President & CEO Ron Konezny commented: "We set new records for revenue, ARR, Adjusted EBITDA, and EPS throughout the year.
"We hit the first of our '100' goals with consecutive $100 million revenue quarters.
"We remain committed to our remaining goals of $100 million in ARR and $100 million in annualized Adjusted EBITDA."
Digi International shares have gained 48.3% YTD against the S&P 500's 21.4% decline.
Jonathan Ruykhaver, a top 21% analyst from Cantor Fitzgerald initiates coverage on DGII with a strong buy rating and announces their DGII price target of $41.00, on Sep 8, 2022.
Harsh Kumar, a top 6% analyst from Piper Sandler maintains DGII with a strong buy rating and raises their DGII price target from $30.00 to $45.00, on Aug 5, 2022.
You can dig deeper into what analysts are saying on the Digi International stock forecast page.
Last year, DGII earnings were $23.98M. During the past five year, DGII's earnings have gone up by 46.72% per year. This was faster than the Communication Equipment industry average of 23.22%.
Last year, DGII revenue was $413.27M. In the last 5 year, DGII's revenue has gone up by 17.94% per year. This was faster than the Communication Equipment industry average of 4.09%.
Dig into DGII's earnings and revenue performance here.
In the past year, insiders at DGII have sold more shares than they have bought.
James J. Loch, SR VP CFO AND TREASURER of DGII, was the latest DGII insider to sell. They sold $237,762.00 worth of DGII stock on Mar 6, 2023.
Dig into more about who owns DGII shares here.
No, Digi International doesn't provide an income stream by paying out dividends.
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