Digi Intl downgraded by Piper Sandler with a new price target
$DGII
Computer Communications Equipment
Telecommunications
Piper Sandler downgraded Digi Intl from Overweight to Neutral and set a new price target of $29.00 from $35.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/14/2024 | $28.00 → $32.00 | Buy → Hold | Craig Hallum |
| 5/22/2024 | $35.00 → $29.00 | Overweight → Neutral | Piper Sandler |
| 11/15/2023 | $34.00 | Buy | B. Riley Securities |
| 9/8/2022 | $41.00 | Overweight | Cantor Fitzgerald |
| 6/2/2022 | $36.00 | Overweight | Stephens |
| 8/5/2021 | $29.00 → $28.00 | Buy | Roth Capital |
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New integrated support model offers embedded protection, SLA-backed tiers, and simplified ownership — previewing at Cisco Live 2025 Opengear, a Digi International company (NASDAQ:DGII, www.digi.com)) and provider of secure and Smart Out of Band™ management solutions, today announced a major transformation in how organizations buy, deploy, and maintain their network infrastructure. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250609348748/en/Opengear Unveils Integrated Support Platform to Empower Always-On Infrastructure. Beginning this month, every new Opengear appliance will ship with five years of built-in hardware coverag
New Mobile App and VPN Service Provide Instant Control and Enhanced Security Digi International (NASDAQ:DGII), a global leader in Internet of Things (IoT) connectivity solutions, today announced the launch of a full-suite solution for industrial infrastructure management, combining the new Digi Axess mobile app with the Digi Axess VPN Service for 24/7 secure industrial infrastructure access. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250604913502/en/Digi International launches full-suite solution for industrial infrastructure management, combining the new Digi Axess mobile app with the Digi Axess VPN Service for 24/7 secur
Growing Profit Margins, Cash Flow from Operations of $26M Revenue of $105M, Record End of Quarter ARR of $123M Digi International Inc. ("Digi" or the "Company") (NASDAQ:DGII), a leading global provider of business and mission critical Internet of Things ("IoT") products, services and solutions, today announced its financial results for its second fiscal quarter ended March 31, 2025. Second Fiscal Quarter 2025 Results Compared to Second Fiscal Quarter 2024 Results Revenue was $105 million, a decrease of 3%. Gross profit margin was 62.1%, an increase of 420 basis points. Net income was $10 million, compared to $4 million. Net income per diluted share was $0.28, compared to $0.11
Craig Hallum downgraded Digi Intl from Buy to Hold and set a new price target of $32.00 from $28.00 previously
Piper Sandler downgraded Digi Intl from Overweight to Neutral and set a new price target of $29.00 from $35.00 previously
B. Riley Securities initiated coverage of Digi Intl with a rating of Buy and set a new price target of $34.00
Growing Profit Margins, Cash Flow from Operations of $26M Revenue of $105M, Record End of Quarter ARR of $123M Digi International Inc. ("Digi" or the "Company") (NASDAQ:DGII), a leading global provider of business and mission critical Internet of Things ("IoT") products, services and solutions, today announced its financial results for its second fiscal quarter ended March 31, 2025. Second Fiscal Quarter 2025 Results Compared to Second Fiscal Quarter 2024 Results Revenue was $105 million, a decrease of 3%. Gross profit margin was 62.1%, an increase of 420 basis points. Net income was $10 million, compared to $4 million. Net income per diluted share was $0.28, compared to $0.11
Digi International® Inc. (NASDAQ:DGII) will release its financial results for the second fiscal quarter 2025 on Wednesday, May 7, after market close, at approximately 4:00 p.m. ET. Ron Konezny, CEO, and Jamie Loch, CFO, will host a conference call later the same day, at 5:00 p.m. ET, to briefly discuss the results and will take questions and provide answers. Please click here to pre-register for the conference call and obtain your dial in number and passcode. All participants are asked to dial-in 15 minutes prior to the start time. Participants may access a live webcast of the conference call through the investor relations section of Digi's website, https://digi.gcs-web.com/ or the hos
Revenue of $104M, Record End of Quarter ARR of $120M Cash Flow From Operations of $30M Digi International® Inc. (NASDAQ:DGII), a leading global provider of business and mission critical Internet of Things ("IoT") products, services and solutions, today announced its financial results for its first fiscal quarter ended December 31, 2024. First Fiscal Quarter 2025 Results Compared to First Fiscal Quarter 2024 Results Revenue was $104 million, a decrease of 2%. Gross profit margin was 62.0%, an increase of 440 basis points. Net income was $10 million, compared to a net loss of $3 million. Net income per diluted share was $0.27, compared to a net loss per diluted share of $0.0
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Strategic industry leader to provide enhanced guidance for innovative CPG practices for quality and safety SmartSense by Digi®, part of Digi International (NASDAQ:DGII, www.digi.com)) and a leading global provider of Internet of Things (IoT) connectivity solutions, today announced the appointment of Stefanie Miller, Managing Director of Category Strategy and Growth at Kellanova Europe, to its Food Service Advisory Board, which focuses on consumer packaged goods (CPG) safety. Miller joins a distinguished group of leaders from Giant Eagle, Inc., Schnuck Markets, Inc., NewRoad Capital Partners, Nutrition Core Solutions, and Clipper Advisory Group. This press release features multimedia. Vie
Agreement includes Germany, Switzerland & Austria Digi International® (NASDAQ:DGII, www.digi.com))), a leading global provider of Internet of Things (IoT) connectivity products and services, has appointed TOPAS electronic AG (TOPAS) as its distributor in Germany, Switzerland and Austria. Under the terms of the agreement, Digi ConnectCore® system on modules (SOM), Digi XBee® RF modules, Digi Connect® ME, NetSilicon & Rabbit® semiconductor product portfolios will be available, complemented by the wide range of support services offered by TOPAS (www.topas.de). Digi provides embedded solutions, integrating hardware and software to bring IoT connectivity to meet the mission-critical connectivi