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 authorized a stock buyback 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 often a sign that the company's board believes its shares are undervalued.

Digi International Inc. (NASDAQ:DGII) issued its quarterly earnings data on Thursday, January, 30th. The technology company reported $0.01 EPS for the quarter, meeting the Thomson Reuters' consensus estimate of $0.01. The technology company had revenue of $62.32 million for the quarter, compared to analyst estimates of $61.37 million. Digi International had a return on equity of 3.13% and a net margin of 2.16%. View Digi International's Earnings History.

Digi International is scheduled to release their next quarterly earnings announcement on Thursday, May 7th 2020. View Earnings Estimates for Digi International.

Digi International updated its second quarter 2020 After-Hours earnings guidance on Thursday, January, 30th. The company provided earnings per share (EPS) guidance of 0.29-0.33 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.19. The company issued revenue guidance of $72-78 million, compared to the consensus revenue estimate of $81.81 million.

5 brokers have issued twelve-month target prices 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 year. This suggests a possible upside of 41.0% 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 4 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Digi International.

News headlines about DGII stock have trended very positive this week, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources. 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 impact score of 3.1 on InfoTrie's scale. They also assigned news headlines about the technology company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near future. View News Stories for Digi International.

Digi International saw a increase in short interest in the month of January. As of January 15th, there was short interest totalling 847,700 shares, an increase of 5.3% from the December 31st total of 804,900 shares. Based on an average daily trading volume, of 205,100 shares, the days-to-cover ratio is currently 4.1 days. Approximately 3.1% of the company's shares 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), Juniper Networks (JNPR), F5 Networks (FFIV), Ciena (CIEN), Echostar (SATS), ViaSat (VSAT), Finisar (FNSR), InterDigital Wireless (IDCC), Infinera (INFN), Comtech Telecomm. (CMTL), Extreme Networks (EXTR) and NetGear (NTGR).

Based on aggregate information from My MarketBeat watchlists, some companies that other Digi International investors own include SeaChange International (SEAC), General Electric (GE), Actinium Pharmaceuticals (ATNM), NeoPhotonics (NPTN), AT&T (T), Vista Outdoor (VSTO), Groupon (GRPN), Iclick Interactive Asia Group (ICLK), NVIDIA (NVDA) and SMTC (SMTX).

Digi International's stock is owned by many different of retail and institutional investors. Top institutional investors include Mairs & Power INC (4.50%), Loomis Sayles & Co. L P (1.63%), Geode Capital Management LLC (1.53%), Bank of New York Mellon Corp (1.21%), Gabelli Funds LLC (0.56%) and EAM Investors LLC (0.55%). Company insiders that own Digi International stock include Ahmed Nawaz, David H Sampsell, 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 sold by a variety of institutional investors in the last quarter, including Loomis Sayles & Co. L P, Essex Investment Management Co. LLC, Perritt Capital Management Inc., Gabelli Funds LLC, Arizona State Retirement System, Alambic Investment Management L.P., Strs Ohio and Meeder Asset Management Inc.. Company insiders that have sold Digi International company stock in the last year include Kevin C Riley, Michael A Ueland, Terrence G Schneider and Tracy L Roberts. View Insider Buying and Selling for Digi International.

DGII stock was bought by a variety of institutional investors in the last quarter, including EAM Investors LLC, EAM Global Investors LLC, Geode Capital Management LLC, Mairs & Power INC, Wedge Capital Management L L P NC, Russell Investments Group Ltd., Panagora Asset Management Inc. and Bank of New York Mellon Corp. 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 $15.02.

Digi International has a market capitalization of $433.78 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]