Digi International (NASDAQ:DGII) Posts Quarterly Earnings Results, Misses Expectations By $0.10 EPS

Digi International (NASDAQ:DGII) released its quarterly earnings results on Wednesday. The technology company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.10), Zacks reports. Digi International had a return on equity of 12.16% and a net margin of 9.63%. Digi International updated its Q1 2027 guidance to 0.710-0.750 EPS.

Digi International Trading Up 2.9%

DGII stock traded up $1.91 during trading on Wednesday, hitting $66.96. The company had a trading volume of 611,815 shares, compared to its average volume of 352,279. The firm has a market capitalization of $2.54 billion, a P/E ratio of 53.14 and a beta of 1.00. Digi International has a 52-week low of $35.15 and a 52-week high of $86.84. The company has a 50 day simple moving average of $72.61 and a 200-day simple moving average of $63.76. The company has a quick ratio of 0.78, a current ratio of 1.13 and a debt-to-equity ratio of 0.16.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DGII. Roth Capital set a $90.00 price objective on shares of Digi International and gave the stock a “buy” rating in a research note on Thursday, August 6th. Zacks Research cut Digi International from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 3rd. B. Riley Financial increased their price target on Digi International from $78.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Stephens increased their price target on Digi International from $75.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Finally, Piper Sandler raised their price target on Digi International from $63.00 to $76.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.40.

Digi International Company Profile

Digi International provides products and services for connecting, managing and securing devices used in the Internet of Things (IoT). Its offerings include cellular routers and gateways, embedded modules, console servers and other networking equipment, along with software and services for device management and remote monitoring. The company serves businesses and organizations across industries such as transportation, energy, healthcare, industrial automation and retail. Its solutions support deployments ranging from connected equipment and infrastructure to remote access and network management, with customers in markets around the world.