Digi International (NASDAQ:DGII) Updates Q1 Earnings Guidance

Digi International (NASDAQ:DGII) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.46-0.50 for the period, compared to the consensus earnings per share estimate of $0.45. The company issued revenue guidance of $102-106 million, compared to the consensus revenue estimate of $104.75 million. Digi International also updated its Q1 2025 guidance to 0.460-0.500 EPS.

Digi International Stock Down 0.9 %

DGII stock opened at $31.41 on Friday. The company has a quick ratio of 1.31, a current ratio of 2.00 and a debt-to-equity ratio of 0.27. Digi International has a 52 week low of $20.17 and a 52 week high of $34.08. The stock has a market capitalization of $1.14 billion, a PE ratio of 51.49, a price-to-earnings-growth ratio of 1.07 and a beta of 1.06. The firm has a 50 day moving average of $29.05 and a 200 day moving average of $26.78.

Analyst Ratings Changes

DGII has been the topic of a number of research analyst reports. Piper Sandler boosted their price objective on shares of Digi International from $26.00 to $32.00 and gave the company a “neutral” rating in a report on Thursday. Craig Hallum reissued a “hold” rating and issued a $32.00 price objective (up from $28.00) on shares of Digi International in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Digi International has an average rating of “Moderate Buy” and an average price target of $36.75.

Digi International Company Profile

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.