Digi International - DGII Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Digi International in the last twelve months. There are currently 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" DGII shares.
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6 brokerages have issued 12 month target prices for Digi International's stock. Their DGII share price forecasts range from $33.00 to $45.00. On average, they expect the company's share price to reach $39.57 in the next year. This suggests a possible upside of 5.0% from the stock's current price.
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Digi International's stock was trading at $24.57 on January 1st, 2022. Since then, DGII stock has increased by 53.3% and is now trading at $37.67.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 9th 2022.
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Digi International Inc. (NASDAQ:DGII) released its quarterly earnings results on Thursday, August, 4th. The technology company reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.07. The technology company had revenue of $104 million for the quarter, compared to analysts' expectations of $96.12 million. Digi International had a net margin of 3.53% and a trailing twelve-month return on equity of 6.82%. The company's quarterly revenue was up 31.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.09 earnings per share.

Digi International issued an update on its fourth quarter 2022 earnings guidance on Thursday, August, 18th. The company provided earnings per share (EPS) guidance of $0.41-$0.44 for the period, compared to the consensus EPS estimate of $0.38. The company issued revenue guidance of $98.00 million-$102.00 million, compared to the consensus revenue estimate of $99.45 million.

49 employees have rated Digi International Chief Executive Officer Ron Konezny on Glassdoor.com. Ron Konezny has an approval rating of 68% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Digi International investors own include General Electric (GE), NVIDIA (NVDA), AT&T (T), Inovio Pharmaceuticals (INO), SeaChange International (SEAC), Block (SQ), Vista Outdoor (VSTO), Advanced Micro Devices (AMD), Actinium Pharmaceuticals (ATNM).

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

Shares of DGII stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of DGII stock can currently be purchased for approximately $37.67.

Digi International (NASDAQ:DGII) has a market capitalization of $1.32 billion and generates $308.63 million in revenue each year. The technology company earns $10.37 million in net income (profit) each year or $0.36 on an earnings per share basis.

The company employs 659 workers across the globe.

Digi International's mailing address is 9350 Excelsior Blvd. Suite 700, Hopkins MN, 55343. The official website for the company is www.digi.com. The technology company can be reached via phone at (952) 912-3444, via email at jamie.loch@digi.com, or via fax at 952-912-4952.