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 |
Annual Revenue of $424M, Record End of Quarter ARR of $116M Full Year Cash Flow From Operations of $83M 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, 2024. Fourth Fiscal Quarter 2024 Results Compared to Fourth Fiscal Quarter 2023 Results Revenue was $105 million, a decrease of 6%. Gross profit margin was 61.1%, an increase of 400 basis points. Net income was $12 million, compared to $6 million. Net income per diluted share was $0.32, compared to $0.17. Adjusted net income
Digi International, (NASDAQ:DGII, www.digi.com)), a leading global provider of Internet of Things (IoT) connectivity products and services, announced today that the Digi Connect® Sensor XRT-M, powered by Digi Axess, has been officially certified for use on the T-Mobile network. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241113480563/en/Digi International Announces T-Mobile Certification for Digi Connect Sensor XRT-M (Graphic: Business Wire) Successfully meeting all T-Mobile network requirements, this certification marks a significant milestone for Digi, enabling the provision of reliable and enhanced remote monitoring soluti
New milestone highlights commitment to safeguarding customer data and enabling customer success across regulated industries 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 its achievement of SOC 2 Type II certification, an industry compliance standard designed to enable and enforce robust data security measures across enterprise environments. This operational milestone underscores the SmartSense organization's dedication to ensuring customer data remains secure, private, and confidential through enhanced data protection and operational standards that support both r
IoT leader delivers affordable, high-performance solutions for wireless networking as Digi EX50 5G, TX40 5G, and IX40 5G cellular routers are made available at T-Mobile Partner Plus MSRP Digi International, (NASDAQ:DGII, www.digi.com))), a leading global provider of secure 4G and 5G networking products and services, is proud to announce its participation in the recently launched T-Mobile Partner Plus channel subsidy program. As part of its ongoing commitment to helping businesses transition to 5G cost effectively and with ease, Digi's EX50 5G, TX40 5G, and IX40 5G cellular routers are available now under the T-Mobile Partner Plus MSRP via distributors TD SYNNEX and Ingram Micro — reducing
Digi International® Inc. (NASDAQ:DGII) will release its financial results for the fourth fiscal quarter and full fiscal 2024 on Wednesday, November 13, after market close, at approximately 4:00 p.m. ET. Ron Konezny, CEO, and Jamie Loch, CFO, will host a conference call 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.co
Opengear Unveils Advanced Solutions to Streamline IT Management for AI Innovation, Security, and Compliance Opengear, a Digi International company (NASDAQ, DGII, www.digi.com) and provider of secure and Smart Out of Band management solutions, has introduced two new advanced offerings. These innovative solutions will simplify initial setup with zero-touch provisioning and ensure access to IT infrastructure. Opengear continues to be an IT industry leader by providing a highly secure and easy-to-use management solution that reinforces its commitment to supporting IT professionals around the globe. This press release features multimedia. View the full release here: https://www.businesswire.com
Comprehensive, subscription-based solution combines purpose-built devices, software and services to simplify the deployment and management of IoT investments Digi International (NASDAQ:DGII, www.digi.com))), a leading global provider of Internet of Things (IoT) connectivity products and services, today announced the launch of Digi 360, an all-new subscription-based solution supporting ease-of-use, deployment visibility and optimized ROI for Digi cellular routers. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241001318544/en/Digi International Unveils Digi 360, Transforming Cellular IoT Solutions for Seamless Management and Enha
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
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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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Craig Hallum downgraded Digi Intl from Buy to Hold and set a new price target of $32.00 from $28.00 previously
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
Annual Revenue of $424M, Record End of Quarter ARR of $116M Full Year Cash Flow From Operations of $83M 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, 2024. Fourth Fiscal Quarter 2024 Results Compared to Fourth Fiscal Quarter 2023 Results Revenue was $105 million, a decrease of 6%. Gross profit margin was 61.1%, an increase of 400 basis points. Net income was $12 million, compared to $6 million. Net income per diluted share was $0.32, compared to $0.17. Adjusted net income
Digi International® Inc. (NASDAQ:DGII) will release its financial results for the fourth fiscal quarter and full fiscal 2024 on Wednesday, November 13, after market close, at approximately 4:00 p.m. ET. Ron Konezny, CEO, and Jamie Loch, CFO, will host a conference call 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.co
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