Digi International Inc. provides business and mission-critical Internet of Things (IoT) products, services, and solutions in the United States 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. The company also provides embedded system products under the Digi Connect, ConnectCore, and Rabbit brands; and infrastructure management products, comprising of serial servers, which offers serial port-to-Ethernet integration of devices into wired Ethernet networks; and universal serial bus solutions. In addition, it offers Digi Remote Manager, a recurring revenue cloud-based service that provides a secure environment for customers to manage their connected device deployment; Digi Wireless Design Services, which offers wireless networking product development, testing, and certification services for a range of wireless technology platforms and applications; and SmartSense by Digi for monitoring wirelessly the temperature of food and other perishable or sensitive goods, facilities or pharmacies by tracking the completion of operating tasks by employees, as well as quality control and incident management for food service, healthcare, and transportation/logistics industries. Further, the company provides professional services, such as site planning, implementation management, application development, and customer training; data plan subscriptions; and enhanced technical support services. The company was founded in 1985 and is headquartered in Hopkins, Minnesota.
IPO Year: 1989
Exchange: NASDAQ
Website: digi.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
5/22/2024 | $35.00 → $29.00 | Overweight → Neutral | Piper Sandler |
11/15/2023 | $34.00 | Buy | B. Riley Securities |
9/8/2022 | $41.00 | Overweight | Cantor Fitzgerald |
6/2/2022 | $36.00 | Overweight | Stephens |
8/5/2021 | $29.00 → $28.00 | Buy | Roth Capital |
Piper Sandler analyst Harsh Kumar maintains Digi Intl (NASDAQ:DGII) with a Neutral and lowers the price target from $29 to $27.
Regional grocery store chain, part of Alex Lee, Inc., will amplify customer satisfaction, food safety, and employee productivity with IoT solutions
Seamless and user-friendly experience streamlines compliance efforts and temperature monitoring for grocers nationwide
- Reuters
Roth MKM analyst Scott Searle maintains Digi Intl (NASDAQ:DGII) with a Buy and lowers the price target from $40 to $38.
Piper Sandler analyst Harsh Kumar reiterates Digi Intl (NASDAQ:DGII) with a Overweight and lowers the price target from $40 to $35.
This is demonstrated through longer than expected sales cycles which lowers top line expectations. The softer top line expectations combined with tight expense controls slightly lowers Adjusted EBITDA ranges to 0 to 5%, with revenue projection to be down 5% year over year.
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Agreement includes Germany, Switzerland & Austria Digi International® (NASDAQ:DGII, www.digi.com))), a leading global provider of Internet of Things (IoT) connectivity products and services, has appointed TOPAS electronic AG (TOPAS) as its distributor in Germany, Switzerland and Austria. Under the terms of the agreement, Digi ConnectCore® system on modules (SOM), Digi XBee® RF modules, Digi Connect® ME, NetSilicon & Rabbit® semiconductor product portfolios will be available, complemented by the wide range of support services offered by TOPAS (www.topas.de). Digi provides embedded solutions, integrating hardware and software to bring IoT connectivity to meet the mission-critical connectivi
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New enhancement reinforces IoT leader's commitment to delivering flexible, reliable and scalable solutions for customers Digi International, (NASDAQ:DGII, www.digi.com))), a leading global provider of Internet of Things (IoT) connectivity products and services, today announced new and expanded support for Linux and improved Microsoft Windows functionality with its USB connectivity solution, Digi AnywhereUSB® Plus. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240808660122/en/Digi International Announces Expanded Support for Linux and Windows with Digi AnywhereUSB® Plus (Graphic: Business Wire) Users across a wide variety of i
Revenue of $105M, Record End of Quarter ARR of $113M Cash Flow From Operations of $25M Digi International® Inc. (NASDAQ:DGII), a leading global provider of business and mission critical Internet of Things ("IoT") products, services and solutions, today announced its financial results for its third fiscal quarter ended June 30, 2024. Third Fiscal Quarter 2024 Results Compared to Third Fiscal Quarter 2023 Results Revenue was $105 million, a decrease of 6%. Gross profit margin was 59.2%, an increase of 230 basis points. Net income was $10 million, compared to $7 million. Net income per diluted share was $0.26, compared to $0.18. Adjusted net income per diluted share w
Supporting robust and secure remote access to critical edge infrastructure Digi International, (NASDAQ:DGII, www.digi.com))), a leading global provider of Internet of Things (IoT) connectivity products and services, and Atsign®, a leader in embedded security technology, today announced the availability of NoPorts™ on Digi IX40 cellular routers. This integration empowers Industry 4.0 deployments with a robust and secure remote access solution, safeguarding critical edge infrastructure. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240731762293/en/Digi International and Atsign Collaborate to Secure Industry 4.0 with NoPorts on
Digi International® Inc. (NASDAQ:DGII) will release its financial results for the third fiscal quarter 2024 on Wednesday, August 7, after market close, at approximately 4:00 p.m. ET. Ron Konezny, CEO, and Jamie Loch, CFO, will host a conference call later the same day, at 5:00 p.m. ET, to briefly discuss the results and will take questions and provide answers. This is a change from the prior quarter when the conference call occurred the morning following the earnings release the day before. Please click here to pre-register for the conference call and obtain your dial in number and passcode. All participants are asked to dial-in 15 minutes prior to the start time. Participants may acces
Regional grocery store chain, part of Alex Lee, Inc., will amplify customer satisfaction, food safety, and employee productivity with IoT solutions SmartSense by Digi®, part of Digi International (NASDAQ:DGII, www.digi.com))) and a leading global provider of Internet of Things (IoT) connectivity solutions, today announced a new strategic relationship with Lowes Foods, a regional grocery chain committed to providing customers with the freshest and most innovative local products. Lowes Foods is owned by Alex Lee, Inc. along with IGA and KJ's Market locations. The SmartSense IoT Sensing-as-a-Service framework will protect more than 5,000 assets across 141 Lowes Foods locations. This press r
Seamless and user-friendly experience streamlines compliance efforts and temperature monitoring for grocers nationwide SmartSense by Digi®, part of Digi International (NASDAQ:DGII, www.digi.com))) and a leading global provider of Internet of Things (IoT) connectivity solutions, today announced significant expansion milestones in its relationships with prominent grocery chains Jerry's Foods, Knowlan's Fresh Foods, and Giant Eagle. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240521107178/en/SmartSense Inks Renewals and Upgrades with Three Leading Grocery Customers to Continue Amplifying Food Safety Offerings. (Graphic: Busine
Federal Court Invalidates Patent Claims of Airgain Subsidiary Digi International (NASDAQ:DGII, www.digi.com))), a leading global provider of Internet of Things (IoT) connectivity products and services, announced today that the U.S. District Court for the District of Minnesota has found all patent claims asserted by NimbeLink Corporation against Digi International to be invalid. NimbeLink is a subsidiary of Airgain Inc. (NASDAQ:AIRG). In a lawsuit filed in September 2022, the Airgain subsidiary had alleged that certain Digi products infringed two patents related to NimbeLink's Skywire® cellular modems (U.S. Patent Nos. 9,497,570 and 9,838,066). On March 14, 2024, the Court issued a rulin
Revenue of $108M, Record End of Quarter ARR of $110M Cash Flow From Operations was $13 Million Digi International® Inc. (NASDAQ:DGII), a leading global provider of business and mission critical Internet of Things ("IoT") products, services and solutions, today announced its financial results for its second fiscal quarter ended March 31, 2024. Second Fiscal Quarter 2024 Results Compared to Second Fiscal Quarter 2023 Results Revenue was $108 million, a decrease of 3%. Gross profit margin was 57.9%, an increase of 130 basis points. Net income was $4 million, compared to $6 million. Net income per diluted share was $0.11, compared to $0.16. Adjusted net income per diluted s
Recognizing customer initiatives that use groundbreaking green technologies to champion sustainability, environmental stewardship and carbon reduction Digi International, (NASDAQ:DGII, www.digi.com))), a leading global provider of Internet of Things (IoT) connectivity products and services, is proud to reveal the winners of its 2024 Green Tech Customer Innovation Awards. Digi's fourth annual awards highlight the advancements made by companies and organizations committed to solving today's environmental challenges — recognizing Digi customer initiatives incorporating the latest green technologies to champion sustainability, carbon reduction and environmental stewardship. This press releas
Innovative and durable telemetry monitor leverages Digi Axess and unparalleled battery life for efficient remote monitoring capabilities Digi International, (NASDAQ:DGII, www.digi.com))), a leading global provider of Internet of Things (IoT) connectivity products and services, today introduced Digi Connect® Sensor XRT-M, the latest addition to its remote monitoring and control portfolio. Powered by Digi Axess, Digi Connect Sensor XRT-M is designed to deliver reliable and seamless remote monitoring and management. It offers customers both edge and cloud-based control options, with a management platform equipped with an intuitive interface for streamlining data management and enhancing oper
Revenue of $105M, Record End of Quarter ARR of $113M Cash Flow From Operations of $25M Digi International® Inc. (NASDAQ:DGII), a leading global provider of business and mission critical Internet of Things ("IoT") products, services and solutions, today announced its financial results for its third fiscal quarter ended June 30, 2024. Third Fiscal Quarter 2024 Results Compared to Third Fiscal Quarter 2023 Results Revenue was $105 million, a decrease of 6%. Gross profit margin was 59.2%, an increase of 230 basis points. Net income was $10 million, compared to $7 million. Net income per diluted share was $0.26, compared to $0.18. Adjusted net income per diluted share w
Digi International® Inc. (NASDAQ:DGII) will release its financial results for the third fiscal quarter 2024 on Wednesday, August 7, after market close, at approximately 4:00 p.m. ET. Ron Konezny, CEO, and Jamie Loch, CFO, will host a conference call later the same day, at 5:00 p.m. ET, to briefly discuss the results and will take questions and provide answers. This is a change from the prior quarter when the conference call occurred the morning following the earnings release the day before. Please click here to pre-register for the conference call and obtain your dial in number and passcode. All participants are asked to dial-in 15 minutes prior to the start time. Participants may acces
Revenue of $108M, Record End of Quarter ARR of $110M Cash Flow From Operations was $13 Million Digi International® Inc. (NASDAQ:DGII), a leading global provider of business and mission critical Internet of Things ("IoT") products, services and solutions, today announced its financial results for its second fiscal quarter ended March 31, 2024. Second Fiscal Quarter 2024 Results Compared to Second Fiscal Quarter 2023 Results Revenue was $108 million, a decrease of 3%. Gross profit margin was 57.9%, an increase of 130 basis points. Net income was $4 million, compared to $6 million. Net income per diluted share was $0.11, compared to $0.16. Adjusted net income per diluted s
Digi International® Inc. (NASDAQ:DGII) will release its financial results for the second fiscal quarter 2024 on Wednesday, May 1, 2024, after market close. Ron Konezny, CEO, and Jamie Loch, CFO, will host a conference call the following morning, May 2, 2024, at 10:00 a.m. ET, to briefly discuss the results and will take questions and provide answers. Please click here to pre-register for the conference call and obtain your dial in number and passcode. All participants are asked to dial-in 15 minutes prior to the start time. Participants may access a live webcast of the conference call through the investor relations section of Digi's website, https://digi.gcs-web.com/ or the hosting webs
Revenue of $106M, Record End of Quarter ARR of $108M ARR Surpasses Quarterly Revenue for First Time Cash Flow From Operations was $19 Million Digi International® Inc. (NASDAQ:DGII), a leading global provider of business and mission critical Internet of Things ("IoT") products, services and solutions, today announced its financial results for its first fiscal quarter ended December 31, 2023. First Fiscal Quarter 2024 Results Compared to First Fiscal Quarter 2023 Results Revenue was $106 million, a decrease of 3%. Gross profit margin was 57.6%, an increase of 130 basis points. Net loss per diluted share was $0.08, driven by the $0.26 impact of the term B debt issuance cost wri
Digi International® Inc. (NASDAQ:DGII) will release its financial results for the first fiscal quarter 2024 on Wednesday, January 31, 2024, after market close. This is a change from publishing our earnings release the same morning as our earnings conference call. Ron Konezny, CEO, and Jamie Loch, CFO, will host a conference call the following morning, February 1, 2024, at 10:00 a.m. ET, to briefly discuss the results and will take questions and provide answers. Please click here to pre-register for the conference call and obtain your dial in number and passcode. All participants are asked to dial-in 15 minutes prior to the start time. Participants may access a live webcast of the confer
Record Annual Revenue of $445M, End of Quarter ARR of $106M Full Year EPS of $0.67, Adjusted EPS of $1.99 Digi International® Inc. (NASDAQ:DGII), a leading global provider of business and mission critical Internet of Things ("IoT") products, services and solutions, today announced its financial results for its fourth fiscal quarter ended September 30, 2023. Fourth Fiscal Quarter 2023 Results Compared to Fourth Fiscal Quarter 2022 Results Revenue was $112 million, an increase of 6%. Gross profit margin was 57.1%, an increase of 130 basis points. Net income per diluted share was $0.17, a decrease of 45%. Adjusted net income per diluted share was $0.52, an increase of 16%.
Digi International® Inc. (NASDAQ:DGII) will release its financial results for the fourth fiscal quarter and full fiscal 2023 on Thursday, November 9, 2023, before market open, at approximately 8:00 a.m. ET. Beginning this quarter, Digi is combining its shareholder letter and earnings release into an extended earnings release. Ron Konezny, CEO, and Jamie Loch, CFO, will host a conference call later that morning, at 10:00 a.m. ET, to briefly discuss the results and will take questions and provide answers. Please click here to pre-register for the conference call and obtain your dial in number and passcode. All participants are asked to dial-in 15 minutes prior to the start time. Participa
Record Quarterly Revenue of $112M, End of Quarter ARR of $104M EPS of $0.18, Adjusted EPS of $0.50 Digi International® Inc. (NASDAQ:DGII), a leading global provider of business and mission critical Internet of Things ("IoT") products, services and solutions, today announced its financial results for its third fiscal quarter ended June 30, 2023. Third Fiscal Quarter 2023 Results Compared to Third Fiscal Quarter 2022 Results Revenue was $112 million, an increase of 8%. Gross profit margin was 56.9%, an increase of 140 basis points. Gross profit margin excluding amortization was 57.7%, an increase of 100 basis points. Net income per diluted share was $0.18, up from $0.12, an inc
Digi International® Inc. (NASDAQ:DGII) will release its financial results in a shareholder letter for the third fiscal quarter 2023 on Thursday, August 3, 2023, before market open, at approximately 8:00 a.m. ET. Ron Konezny, CEO, and Jamie Loch, CFO, will host a conference call later that morning, at 10:00 a.m. ET, to briefly discuss the results and will take questions and provide answers. Please click here to pre-register for the conference call and obtain your dial in number and passcode. All participants are asked to dial-in 15 minutes prior to the start time. Participants may access a live webcast of the conference call through the investor relations section of Digi's website, https
Piper Sandler downgraded Digi Intl from Overweight to Neutral and set a new price target of $29.00 from $35.00 previously
B. Riley Securities initiated coverage of Digi Intl with a rating of Buy and set a new price target of $34.00
Cantor Fitzgerald initiated coverage of Digi Intl with a rating of Overweight and set a new price target of $41.00
Stephens initiated coverage of Digi Intl with a rating of Overweight and set a new price target of $36.00
Roth Capital reiterated coverage of Digi International with a rating of Buy and set a new price target of $28.00 from $29.00 previously
Canaccord Genuity reiterated coverage of Digi International with a rating of Buy and set a new price target of $25.00 from $28.00 previously
Piper Sandler initiated coverage of Digi International with a rating of Overweight and set a new price target of $29.00
Piper Sandler initiated coverage of Digi Intl with a rating of Overweight and set a new price target of $29.00
Piper Sandler initiated coverage of Digi International with a rating of Overweight
Colliers Securities resumed coverage of Digi International with a rating of Buy and set a new price target of $25.50