Digi International (NASDAQ:DGII) Issues Q1 Earnings Guidance

Digi International (NASDAQ:DGII) updated its first quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.46-0.50 for the period, compared to the consensus EPS 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 Price Performance

Shares of DGII traded down $0.65 during trading hours on Wednesday, reaching $31.97. 399,548 shares of the company traded hands, compared to its average volume of 192,405. The stock has a market capitalization of $1.16 billion, a PE ratio of 70.48, a price-to-earnings-growth ratio of 1.09 and a beta of 1.06. The stock has a fifty day simple moving average of $28.82 and a 200 day simple moving average of $26.70. Digi International has a fifty-two week low of $20.17 and a fifty-two week high of $33.33. The company has a quick ratio of 1.31, a current ratio of 2.00 and a debt-to-equity ratio of 0.27.

Wall Street Analyst Weigh In

DGII has been the subject of a number of analyst reports. Piper Sandler cut their price objective on shares of Digi International from $27.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Craig Hallum lowered their target price on shares of Digi International from $32.00 to $28.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.20.

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.