Digi International (NASDAQ:DGII) Releases Q1 Earnings Guidance

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

Analyst Ratings Changes

Several analysts recently commented on the company. Piper Sandler lowered their target price on Digi International from $27.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Craig Hallum decreased their price target on Digi International from $32.00 to $28.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.20.

Digi International Price Performance

Shares of NASDAQ:DGII traded down $0.45 on Wednesday, reaching $32.17. 291,449 shares of the company traded hands, compared to its average volume of 191,914. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.00 and a quick ratio of 1.31. The stock has a market capitalization of $1.17 billion, a PE ratio of 70.48, a P/E/G ratio of 1.09 and a beta of 1.06. The company’s 50 day moving average is $28.82 and its 200-day moving average is $26.70. Digi International has a fifty-two week low of $20.17 and a fifty-two week high of $33.33.

Digi International Company Profile

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.