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 |
|---|---|---|---|
| 11/14/2024 | $28.00 → $32.00 | Buy → Hold | Craig Hallum |
| 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 |
New integrated support model offers embedded protection, SLA-backed tiers, and simplified ownership — previewing at Cisco Live 2025 Opengear, a Digi International company (NASDAQ:DGII, www.digi.com)) and provider of secure and Smart Out of Band™ management solutions, today announced a major transformation in how organizations buy, deploy, and maintain their network infrastructure. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250609348748/en/Opengear Unveils Integrated Support Platform to Empower Always-On Infrastructure. Beginning this month, every new Opengear appliance will ship with five years of built-in hardware coverag
New Mobile App and VPN Service Provide Instant Control and Enhanced Security Digi International (NASDAQ:DGII), a global leader in Internet of Things (IoT) connectivity solutions, today announced the launch of a full-suite solution for industrial infrastructure management, combining the new Digi Axess mobile app with the Digi Axess VPN Service for 24/7 secure industrial infrastructure access. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250604913502/en/Digi International launches full-suite solution for industrial infrastructure management, combining the new Digi Axess mobile app with the Digi Axess VPN Service for 24/7 secur
Growing Profit Margins, Cash Flow from Operations of $26M Revenue of $105M, Record End of Quarter ARR of $123M Digi International Inc. ("Digi" or the "Company") (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, 2025. Second Fiscal Quarter 2025 Results Compared to Second Fiscal Quarter 2024 Results Revenue was $105 million, a decrease of 3%. Gross profit margin was 62.1%, an increase of 420 basis points. Net income was $10 million, compared to $4 million. Net income per diluted share was $0.28, compared to $0.11
Delivers low-latency, standards-based MQTT integration for scalable IIoT deployments across water, energy and industrial automation sectors Digi International®, (NASDAQ:DGII), a global leader in Internet of Things (IoT) connectivity solutions, today announced the release of MQTT for Digi Connect® Sensor XRT-M, designed for water and wastewater management, oil and gas, and industrial automation applications. MQTT for the Digi Connect Sensor XRT-M is available now. Organizations seeking to simplify and accelerate their IIoT sensor connectivity can contact Digi Sales to schedule a demo and experience the future of industrial data integration firsthand. This press release features multimedia.
Honoring industry leaders using IoT innovation to advance environmental responsibility and sustainable practices Digi International, (NASDAQ:DGII, www.digi.com)), a leading global provider of Internet of Things (IoT) connectivity products and services, proudly announces the winners of its 2025 Green Tech Customer Innovation Awards. Now in its fifth year, this prestigious award program honors companies and organizations that have demonstrated exceptional innovation and leadership in integrating Digi technology to drive sustainability and carbon reduction initiatives. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250417528695/en/
Digi International® Inc. (NASDAQ:DGII) will release its financial results for the second fiscal quarter 2025 on Wednesday, May 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. 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 hos
Advancements Simplify Serial Connectivity, Reduce Installation Complexity, and Boost Power Efficiency Digi International (NASDAQ:DGII), a global leader in IoT connectivity solutions, today announced it is redefining the future of serial device management and connectivity with two major announcements: an upgraded Digi Navigator™ for streamlined device configuration and the introduction of Digi Connect® EZ with Power over Ethernet (PoE) — a powerful new way to simplify networked serial communications. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250320761976/en/Digi International Unveils Game-Changing Enhancements: The Next-Gen
Opengear, a Digi International company (NASDAQ, DGII, www.digi.com) and provider of secure and Smart Out of Band™ management solutions, is pleased to announce the expansion of its CM8100-10G Console Manager series with the introduction of integrated 5G cellular technology. This release delivers the trusted connectivity, security, and operational efficiency support that customers rely on Opengear for while providing a leading-edge solution for their networks. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250211382420/en/Opengear announces CM8100-10G-5G: Streamlined Network Management with 5G Connectivity and Scalable Out of Band
Revenue of $104M, Record End of Quarter ARR of $120M Cash Flow From Operations of $30M 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, 2024. First Fiscal Quarter 2025 Results Compared to First Fiscal Quarter 2024 Results Revenue was $104 million, a decrease of 2%. Gross profit margin was 62.0%, an increase of 440 basis points. Net income was $10 million, compared to a net loss of $3 million. Net income per diluted share was $0.27, compared to a net loss per diluted share of $0.0
Today, 58% of senior leadership report their organizations have fully implemented AI for network management, yet priorities differ across businesses based on risk and role profiles According to new research by Opengear, a Digi International company (NASDAQ, DGII, www.digi.com), 57% of network engineers expect their organizations' investment in AI for network management to increase by more than 25% over the next 2 to 3 years. And 49% of CIOs (Chief Information Officers) and CSOs (Chief Security Officers) agree. Yet, 70% of engineers believe the expected increase in investment is not fully sufficient to meet business goals. This press release features multimedia. View the full release here
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