Digi International (NASDAQ:DGII – Get Free Report) updated its third quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.47-0.51 for the period, compared to the consensus estimate of $0.52. The company issued revenue guidance of $103-107 million, compared to the consensus revenue estimate of $112.65 million. Digi International also updated its Q3 2024 guidance to 0.470-0.510 EPS.
Analyst Upgrades and Downgrades
Separately, Stephens raised their target price on Digi International from $40.00 to $45.00 and gave the company an overweight rating in a report on Monday, February 5th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Digi International has a consensus rating of Moderate Buy and a consensus target price of $36.33.
Get Our Latest Stock Analysis on DGII
Digi International Price Performance
Digi International (NASDAQ:DGII – Get Free Report) last announced its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.04. Digi International had a return on equity of 11.87% and a net margin of 3.61%. The business had revenue of $106.09 million during the quarter, compared to analysts’ expectations of $105.75 million. On average, sell-side analysts anticipate that Digi International will post 1.8 earnings per share for the current year.
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.
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