Digi International Inc. provides Internet of Things networking hardware products and solutions. It operates in two segments, Machine-to-Machine and Solutions. It offers cellular routers that provide connectivity for devices over a cellular data network; cellular gateway products that enable devices or groups of devices to be networked in locations where there is no existing network or where access to a network is prohibited; radio frequency products that utilize a range of wireless protocols for PC-to-device or device-to-device connectivity; and Connect, Rabbit, and ARM-based embedded systems on module and single board computers for medical, transportation, and industrial device manufacturers. It also provides console and serial servers, as well as universal serial bus (USB)-to-serial converters, USB over IP products, and multiport USB hubs. In addition, it offers turn-key networking product design, testing, and certification services for wireless technology platforms and applications; implementation planning, application development, on-site support, installation, and customer training services; and Digi Remote Manager, a centralized remote device management solution to meet service level commitments and stay compliant with payment card industry standards, as well as to monitor, diagnose, and fix remote devices. Further, it provides Digi Smart Solution, a system that enables restaurants, groceries, convenience stores, pharmacies, schools, hospitals, and industrial sites to monitor the temperature of food and other perishable goods, as well as to track the completion of operating tasks by employees. It sells its products through a network of distributors, systems integrators, and value added resellers for various businesses and institutions, as well as to original equipment manufacturers and others in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company was founded in 1985 and is headquartered in Minnetonka, Minnesota.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Computer & office equipment
Sub-IndustryCommunications Equipment
SectorComputer and Technology
Current SymbolNASDAQ:DGII
Previous Symbol
CUSIP25379810
Phone952-912-3444
Debt
Debt-to-Equity RatioN/A
Current Ratio4.79
Quick Ratio3.42
Price-To-Earnings
Trailing P/E Ratio30.51
Forward P/E Ratio-373.00
P/E Growth2.36
Sales & Book Value
Annual Sales$181.63 million
Price / Sales1.68
Cash Flow$0.57 per share
Price / Cash19.63
Book Value$12.02 per share
Price / Book0.93
Profitability
EPS (Most Recent Fiscal Year)$0.37
Net Income$9.36 million
Net Margins0.98%
Return on Equity1.50%
Return on Assets1.37%
Miscellaneous
Employees514
Outstanding Shares27,240,000
Market Cap$313.02 million
OptionableOptionable
Digi International (NASDAQ:DGII) Frequently Asked Questions
What is Digi International's stock symbol?
Digi International trades on the NASDAQ under the ticker symbol "DGII."
How will Digi International's stock buyback program work?
Digi International announced that its board has initiated a share repurchase program on Thursday, April 26th 2018, which allows the company to buyback $20,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 6.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board believes its shares are undervalued.
How were Digi International's earnings last quarter?
Digi International Inc. (NASDAQ:DGII) posted its quarterly earnings data 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 earned $54.79 million during the quarter, compared to analysts' expectations of $52.70 million. Digi International had a return on equity of 1.50% and a net margin of 0.98%. View Digi International's Earnings History.
When is Digi International's next earnings date?
What price target have analysts set for DGII?
6 brokerages have issued 12 month target prices for Digi International's shares. Their forecasts range from $15.00 to $21.00. On average, they expect Digi International's share price to reach $16.90 in the next year. This suggests a possible upside of 51.0% from the stock's current price. View Analyst Price Targets for Digi International.
What is the consensus analysts' recommendation for Digi International?
6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Digi International in the last year. There are currently 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Digi International.
What are Wall Street analysts saying about Digi International stock?
Here are some recent quotes from research analysts about Digi International stock:
- 1. Canaccord Genuity analysts commented, "We hosted a presentation and investor meetings with CEO Ron Konezny and CFO Growth Conference. Management highlighted its transformation of IoT hardware provider with 5K SKUs, to a focused IoT solutions provider with reduced SKU counts and an end-to-end cold chain monitoring platform. We believe Digi will post strong double- digit growth for its IoT solutions business over the next several years and achieve its 3- to 5-year target of $50M to $100M in annual recurring revenue. As the recurring revenue solutions business increases in the total revenue mix and drives margin accretion longer term, we anticipate the multiple will expand consistent with other IoT coverage companies that have a stronger mix of recurring revenue." (8/8/2018)
- 2. According to Zacks Investment Research, "Digi International Inc. is a leading global provider of business and mission-critical Internet of Things (IoT) products and services. They help their customers create next-generation connected products and deploy and manage critical communications infrastructures in demanding environments with high levels of security, relentless reliability and bulletproof performance. Digi International, Inc. (Digi) was formed in 1985-long before anyone coined the term the Internet of Things. They always focused on connecting things, starting with intelligent multiport serial boards for PCs. As wireless data technologies evolved, they invented right along with it, expanding their product lines with RF modules, gateways, and cellular routers to build critical communications infrastructures, plus embedded wireless system on module (SoM) and single-board computer (SBC) offerings for makers of next generation connected products. " (6/27/2018)
Has Digi International been receiving favorable news coverage?
Media stories about DGII stock have been trending somewhat negative recently, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Digi International earned a news sentiment score of -1.2 on InfoTrie's scale. They also gave media coverage about the technology company a news buzz of 8.0 out of 10, meaning that recent media coverage is very likely to have an effect on the stock's share price in the next few days.
Who are some of Digi International's key competitors?
Some companies that are related to Digi International include Electronics For Imaging (EFII), Extreme Networks (EXTR), A10 Networks (ATEN), Silicom (SILC), Allot Communications (ALLT), Lantronix (LTRX), Intrusion (INTZ), Black Box (BBOX), BIO-key International (BKYI), BOS Better OnLine Sol (BOSC), eRoomSystem Technologies (ERMS), COPsync (COYNQ), Echelon (ELON), Interphase (INPHQ) and NEC (NIPNF).
Who are Digi International's key executives?
Digi International's management team includes the folowing people:
- Mr. Ronald E. Konezny, Pres, CEO & Director (Age 50)
- Mr. Kevin C. Riley, Sr. VP & COO (Age 57)
- Mr. David H. Sampsell, VP of Corp. Devel., Gen. Counsel & Corp. Sec. (Age 50)
- Mr. Gokul M. Hemmady, Sr. VP, CFO & Treasurer (Age 57)
- Mr. Scott Wilken, VP of Technology
Who are Digi International's major shareholders?
Digi International's stock is owned by many different of retail and institutional investors. Top institutional investors include Riverbridge Partners LLC (4.25%), Gilder Gagnon Howe & Co. LLC (4.08%), Loomis Sayles & Co. L P (2.05%), Bank of New York Mellon Corp (1.28%) and Gamco Investors INC. ET AL (0.22%). Company insiders that own Digi International stock include Jon A Nyland, Kevin C Riley, Tracy L Roberts and William N Priesmeyer. View Institutional Ownership Trends for Digi International.
Which major investors are selling Digi International stock?
DGII stock was sold by a variety of institutional investors in the last quarter, including Riverbridge Partners LLC and Gamco Investors INC. ET AL. Company insiders that have sold Digi International company stock in the last year include Jon A Nyland, Kevin C Riley and Tracy L Roberts. View Insider Buying and Selling for Digi International.
Which major investors are buying Digi International stock?
How do I buy shares of 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, Scottrade, Fidelity and Charles Schwab.
What is Digi International's stock price today?
One share of DGII stock can currently be purchased for approximately $11.19.
How big of a company is Digi International?
Digi International has a market capitalization of $313.02 million and generates $181.63 million in revenue each year. The technology company earns $9.36 million in net income (profit) each year or $0.37 on an earnings per share basis. Digi International employs 514 workers across the globe.
What is Digi International's official website?
How can I contact Digi International?
Digi International's mailing address is 11001 Bren Road East, Minnetonka MN, 55343. The technology company can be reached via phone at 952-912-3444 or via email at [email protected]
MarketBeat Community Rating for Digi International (NASDAQ DGII)
MarketBeat's community ratings are surveys of what our community members think about Digi International and other stocks. Vote "Outperform" if you believe DGII will outperform the S&P 500 over the long term. Vote "Underperform" if you believe DGII will underperform the S&P 500 over the long term. You may vote once every thirty days.
