Digi International (DGII) Updates Q1 2019 Earnings Guidance
Digi International (NASDAQ:DGII) issued an update on its first quarter 2019 earnings guidance on Thursday morning. The company provided earnings per share guidance of $-0.03-0.01 for the period. The company issued revenue guidance of $56-60 million, compared to the consensus revenue estimate of $59.62 million.Digi International also updated its FY 2019 guidance to $0.20-0.35 EPS.
DGII stock traded up $0.40 during midday trading on Thursday, hitting $11.59. The company’s stock had a trading volume of 80,024 shares, compared to its average volume of 86,059. Digi International has a 52-week low of $9.29 and a 52-week high of $14.70. The stock has a market capitalization of $313.02 million, a PE ratio of 31.32, a P/E/G ratio of 2.36 and a beta of 1.45.
Several equities analysts have commented on DGII shares. Lake Street Capital reissued a buy rating and issued a $16.00 price target on shares of Digi International in a research report on Friday, July 27th. Canaccord Genuity reissued a buy rating and issued a $18.00 price target on shares of Digi International in a research report on Wednesday, August 8th. BidaskClub cut shares of Digi International from a buy rating to a hold rating in a research report on Friday, August 17th. Finally, Dougherty & Co reissued a buy rating and issued a $16.50 price target (up previously from $14.00) on shares of Digi International in a research report on Tuesday, September 25th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $16.90.
Digi International Inc provides Internet of Things networking hardware products and solutions. It operates in two segments, Machine-to-Machine and Solutions. It offers cellular routers that provide connectivity for devices over a cellular data network; cellular gateway products that enable devices or groups of devices to be networked in locations where there is no existing network or where access to a network is prohibited; radio frequency products that utilize a range of wireless protocols for PC-to-device or device-to-device connectivity; and Connect, Rabbit, and ARM-based embedded systems on module and single board computers for medical, transportation, and industrial device manufacturers.
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