Digi International (NASDAQ:DGII) Issues Q4 Earnings Guidance

Digi International (NASDAQ:DGII) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.48-0.52 for the period, compared to the consensus EPS estimate of $0.51. The company issued revenue guidance of $102-106 million, compared to the consensus revenue estimate of $103.68 million.

Digi International Price Performance

NASDAQ DGII traded down $0.19 during trading on Wednesday, hitting $23.20. 199,399 shares of the stock traded hands, compared to its average volume of 197,893. The company has a quick ratio of 1.28, a current ratio of 2.05 and a debt-to-equity ratio of 0.31. Digi International has a 12-month low of $20.17 and a 12-month high of $33.80. The firm has a 50-day simple moving average of $23.76 and a 200-day simple moving average of $27.10. The company has a market capitalization of $843.90 million, a P/E ratio of 61.05, a price-to-earnings-growth ratio of 0.87 and a beta of 1.07.

Wall Street Analyst Weigh In

Several research firms have commented on DGII. Piper Sandler dropped their price objective on shares of Digi International from $29.00 to $27.00 and set a neutral rating for the company in a research note on Monday, July 15th. StockNews.com upgraded shares of Digi International from a hold rating to a buy rating in a report on Saturday, June 15th. Finally, Roth Mkm decreased their price objective on shares of Digi International from $40.00 to $38.00 and set a buy rating for the company in a research note on Friday, May 3rd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Digi International presently has an average rating of Moderate Buy and an average target price of $36.00.

About Digi International

Digi International Inc provides business and mission-critical Internet of Things (IoT) products, services, and solutions in the United States, Europe, the Middle East, Africa, and internationally. The company operates in two segments, IoT Products & Services, and IoT Solutions. It offers cellular routers for mission-critical wireless connectivity; cellular modules to embed cellular communications abilities into the products to deploy and manage intelligent and secure cellular connected products; console servers to provide secure and remote access to network equipment in data centers and at edge locations; and radio frequency products, including embedded wireless modules, off-the-shelf gateways, modems, and adapters under the Digi XBee brand.