Digi International Inc. (NASDAQ:DGII) issued its quarterly earnings results on Thursday, July 27th. The technology company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.05 by $0.03, Bloomberg Earnings reports. The company had revenue of $45.70 million during the quarter, compared to analyst estimates of $45.67 million. Digi International had a net margin of 2.92% and a return on equity of 1.73%. The firm’s revenue was down 12.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.16 EPS. Digi International updated its Q4 guidance to $0.07-0.10 EPS and its FY17 guidance to $0.26-0.29 EPS.
Digi International (NASDAQ DGII) remained flat at $9.35 during midday trading on Tuesday. The company’s stock had a trading volume of 48,126 shares. The firm has a 50 day moving average of $9.96 and a 200-day moving average of $11.29. Digi International has a one year low of $9.00 and a one year high of $14.15. The company has a market capitalization of $248.14 million, a PE ratio of 28.42 and a beta of 1.45.
Several equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of Digi International from a “hold” rating to a “sell” rating in a report on Tuesday, May 9th. TheStreet lowered shares of Digi International from a “b-” rating to a “c+” rating in a report on Tuesday, May 30th. Canaccord Genuity reissued a “buy” rating and issued a $15.00 price target on shares of Digi International in a report on Friday, July 28th. BidaskClub lowered shares of Digi International from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Finally, Sidoti raised shares of Digi International from a “neutral” rating to a “buy” rating in a report on Tuesday, May 23rd. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. Digi International has a consensus rating of “Buy” and a consensus target price of $14.50.
About Digi International
Digi International Inc is a provider of mission and business-critical machine-to-machine (M2M) and Internet-of-Things (IoT) connectivity products and services. The Company creates connected products and deploys and manages critical communications infrastructures in a range of environments. It offers four categories of hardware products: cellular routers and gateways, radio frequency (RF), embedded and network products.
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