NASDAQ:DGII - Digi International Stock Price, Forecast & News

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

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

Digi International Inc. (NASDAQ:DGII) released its quarterly earnings data on Thursday, November, 14th. The technology company reported $0.08 EPS for the quarter, topping the Zacks' consensus estimate of $0.07 by $0.01. The technology company had revenue of $64.96 million for the quarter, compared to analyst estimates of $63.20 million. Digi International had a net margin of 3.92% and a return on equity of 2.56%. View Digi International's Earnings History.

Digi International is scheduled to release their next quarterly earnings announcement on Thursday, January 30th 2020. View Earnings Estimates for Digi International.

Digi International will be holding an earnings conference call on Thursday, January 30th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Digi International issued an update on its FY 2020 After-Hours earnings guidance on Monday, November, 25th. The company provided EPS guidance of $1.14-1.27 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.47. The company issued revenue guidance of $$310-325 million, compared to the consensus revenue estimate of $$273.37 million.

5 brokers have issued 1 year price objectives for Digi International's shares. Their forecasts range from $19.00 to $26.00. On average, they expect Digi International's share price to reach $21.17 in the next twelve months. This suggests a possible upside of 21.0% from the stock's current price. View Analyst Price Targets for Digi International.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Digi International in the last year. There are currently 1 hold rating, 3 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Digi International.

Media coverage about DGII stock has been trending positive on Friday, InfoTrie Sentiment reports. The research firm ranks the sentiment of press coverage by reviewing 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 closest to five being the most favorable. Digi International earned a media sentiment score of 3.0 on InfoTrie's scale. They also assigned headlines about the technology company a news buzz of 10.0 out of 10, indicating that recent press 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 December. As of December 31st, there was short interest totalling 847,700 shares, an increase of 5.3% from the December 15th total of 804,900 shares. Based on an average daily trading volume, of 202,100 shares, the days-to-cover ratio is presently 4.2 days. Approximately 3.1% of the company's stock are short sold. 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), Ciena (CIEN), ViaSat (VSAT), Echostar (SATS), Finisar (FNSR), InterDigital Wireless (IDCC), Infinera (INFN), Plantronics (PLT), Extreme Networks (EXTR) and Comtech Telecomm. (CMTL).

Based on aggregate information from My MarketBeat watchlists, some companies that other Digi International investors own include SeaChange International (SEAC), General Electric (GE), NeoPhotonics (NPTN), Groupon (GRPN), Iclick Interactive Asia Group (ICLK), SMTC (SMTX), Canopy Growth (CGC), Chesapeake Energy (CHK), J C Penney (JCP) and Signet Jewelers (SIG).

Digi International's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Wedge Capital Management L L P NC (0.18%). Company insiders that own Digi International stock include Ahmed Nawaz, Jon A Nyland, Kevin C Riley, Michael A Ueland, Terrence G Schneider and Tracy L Roberts. View Institutional Ownership Trends for Digi International.

DGII stock was purchased by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC. 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 $17.50.

Digi International has a market capitalization of $501.64 million and generates $254.20 million in revenue each year. The technology company earns $9.96 million in net income (profit) each year or $0.65 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]