Digi International (NASDAQ:DGII) Releases 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 (EPS) guidance of $0.46-0.50 for the period, compared to the consensus 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

NASDAQ:DGII opened at $31.41 on Friday. The company has a 50 day moving average price of $29.05 and a 200-day moving average price of $26.78. Digi International has a 1-year low of $20.17 and a 1-year high of $34.08. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 51.49, a price-to-earnings-growth ratio of 1.07 and a beta of 1.06. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.00 and a quick ratio of 1.31.

Analyst Ratings Changes

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

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.