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

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

Digi International announced that its Board of Directors has authorized a stock repurchase 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 repurchase up to 6.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its shares are undervalued.

Digi International Inc. (NASDAQ:DGII) issued its quarterly earnings results on Thursday, August, 8th. The technology company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.04 by $0.01. The technology company had revenue of $61.17 million for the quarter, compared to analysts' expectations of $63.30 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.

Digi International issued an update on its fourth quarter 2019 earnings guidance on Thursday, August, 8th. The company provided earnings per share guidance of $0.04-0.07 for the period, compared to the Thomson Reuters consensus estimate of $0.08. The company issued revenue guidance of $60-64 million, compared to the consensus revenue estimate of $64.34 million.

2 equities research analysts have issued 1 year price targets for Digi International's stock. Their predictions range from $17.00 to $21.00. On average, they anticipate Digi International's stock price to reach $19.00 in the next twelve months. This suggests a possible upside of 33.1% from the stock's current price. View Analyst Price Targets for Digi International.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Digi International in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Digi International.

News headlines about DGII stock have been trending somewhat positive recently, according to InfoTrie Sentiment. The research group identifies negative and positive news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Digi International earned a media sentiment score of 0.8 on InfoTrie's scale. They also assigned headlines about the technology company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for Digi International.

Digi International saw a decline in short interest in the month of September. As of September 30th, there was short interest totalling 407,500 shares, a decline of 20.5% from the August 30th total of 512,400 shares. Based on an average daily volume of 101,600 shares, the short-interest ratio is currently 4.0 days. Approximately 1.5% of the company's shares are sold short. View Digi International's Current Options Chain.

Some companies that are related to Digi International include Extreme Networks (EXTR), A10 Networks (ATEN), Allot Communications (ALLT), Silicom (SILC), Lantronix (LTRX), Intrusion (INTZ), BIO-key International (BKYI), BOS Better OnLine Sol (BOSC) and NEC (NIPNF).

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), Bank of America (BAC), Micron Technology (MU), Nuance Communications (NUAN), Sirius XM (SIRI), Chesapeake Energy (CHK), Comerica (CMA) and Honda Motor (HMC).

Digi International's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Meeder Asset Management Inc. (0.04%). 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 purchased by a variety of institutional investors in the last quarter, including Meeder Asset Management 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 $14.28.

Digi International has a market capitalization of $401.84 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]