Digi International Stock Price, Forecast & Analysis (NASDAQ:DGII)

Digi International trades on the NASDAQ under the ticker symbol "DGII."

Digi International announced that its board has initiated a share repurchase plan on Thursday, April 26th 2018, which authorizes the company to repurchase $20,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 6.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board believes its shares are undervalued.

Digi International Inc. (NASDAQ:DGII) posted its earnings results on Thursday, April, 26th. The technology company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.02 by $0.03. The technology company had revenue of $54.79 million for the quarter, compared to analysts' expectations of $52.70 million. Digi International had a return on equity of 2.15% and a net margin of 4.43%. View Digi International's Earnings History.

Digi International is scheduled to release their next quarterly earnings announcement on Thursday, November 14th 2019. View Earnings Estimates for Digi International.

Digi International will be holding an earnings conference call on Thursday, November 14th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

3 brokerages have issued 12-month price targets for Digi International's shares. Their forecasts range from $17.00 to $21.00. On average, they expect Digi International's share price to reach $19.00 in the next year. This suggests a possible upside of 27.6% from the stock's current price. View Analyst Price Targets for Digi International.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Digi International in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Digi International.

News articles about DGII stock have trended very negative this week, InfoTrie reports. The research firm ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Digi International earned a media sentiment score of -3.2 on InfoTrie's scale. They also gave media coverage about the technology company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the next few days. View News Stories for Digi International.

Digi International saw a increase in short interest in the month of October. As of October 15th, there was short interest totalling 432,300 shares, an increase of 6.1% from the September 15th total of 407,500 shares. Based on an average daily trading volume, of 92,700 shares, the short-interest ratio is presently 4.7 days. Approximately 1.6% of the shares of the stock are sold short. View Digi International's Current Options Chain.

Some companies that are related to Digi International include Cisco Systems (CSCO), QUALCOMM (QCOM), Motorola Solutions (MSI), Palo Alto Networks (PANW), F5 Networks (FFIV), Juniper Networks (JNPR), Ubiquiti Networks (UBNT), Ciena (CIEN), ViaSat (VSAT), Echostar (SATS), Finisar (FNSR), InterDigital Wireless (IDCC), Plantronics (PLT), Infinera (INFN) and Comtech Telecomm. (CMTL).

Based on aggregate information from My MarketBeat watchlists, some companies that other Digi International investors own include General Electric (GE), AT&T (T), Albemarle (ALB), Chesapeake Energy (CHK), Micron Technology (MU), Nuance Communications (NUAN), Sirius XM (SIRI), Bank of America (BAC), Comerica (CMA) and Honda Motor (HMC).

Digi International's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Gabelli Funds LLC (0.71%), Teton Advisors Inc. (0.57%), Essex Investment Management Co. LLC (0.49%), Rhumbline Advisers (0.33%), Gamco Investors INC. ET AL (0.26%) and California Public Employees Retirement System (0.24%). Company insiders that own Digi International stock include Ahmed Nawaz, Jon A Nyland, Kevin C Riley, Terrence G Schneider and Tracy L Roberts. View Institutional Ownership Trends for Digi International.

DGII stock was sold by a variety of institutional investors in the last quarter, including Gamco Investors INC. ET AL, Municipal Employees Retirement System of Michigan and Gabelli Funds LLC. Company insiders that have sold Digi International company stock in the last year include Ahmed Nawaz, Jon A Nyland, Kevin C Riley, Terrence G Schneider and Tracy L Roberts. View Insider Buying and Selling for Digi International.

DGII stock was purchased by a variety of institutional investors in the last quarter, including Essex Investment Management Co. LLC, Strs Ohio, Meeder Asset Management Inc., California Public Employees Retirement System, Rhumbline Advisers and Teton Advisors Inc.. View Insider Buying and Selling for Digi International.

Shares of DGII can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of DGII stock can currently be purchased for approximately $14.89.

Digi International has a market capitalization of $418.96 million and generates $228.37 million in revenue each year. The technology company earns $1.30 million in net income (profit) each year or $0.05 on an earnings per share basis. Digi International employs 516 workers across the globe.View Additional Information About Digi International.

The official website for Digi International is http://www.digi.com/.

Digi International's mailing address is 9350 Excelsior Blvd. Suite 700, Hopkins MN, 55343. The technology company can be reached via phone at 952-912-3444 or via email at [email protected]