Media headlines about Digi International (NASDAQ:DGII) have trended somewhat positive on Friday, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Digi International earned a daily sentiment score of 0.06 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 46.1034786865012 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of Digi International (DGII) opened at 11.45 on Friday. Digi International has a 52 week low of $8.50 and a 52 week high of $14.15. The company’s 50-day moving average is $9.94 and its 200 day moving average is $10.24. The firm has a market capitalization of $303.87 million, a price-to-earnings ratio of 34.80 and a beta of 1.49.
Digi International (NASDAQ:DGII) last posted its quarterly earnings results on Thursday, July 27th. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.03. The firm had revenue of $45.70 million for the quarter, compared to analysts’ expectations of $45.67 million. Digi International had a net margin of 4.74% and a return on equity of 3.17%. The firm’s quarterly revenue was down 12.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.16 earnings per share. Analysts anticipate that Digi International will post $0.27 EPS for the current fiscal year.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Digi International from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. BidaskClub lowered shares of Digi International from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Finally, Canaccord Genuity reiterated a “buy” rating and set a $15.00 price target on shares of Digi International in a research note on Friday, July 28th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. Digi International has an average rating of “Buy” and an average price target of $14.50.
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About Digi International
Digi International Inc is a provider of mission and business-critical machine-to-machine (M2M) and Internet-of-Things (IoT) connectivity products and services. The Company creates connected products and deploys and manages critical communications infrastructures in a range of environments. It offers four categories of hardware products: cellular routers and gateways, radio frequency (RF), embedded and network products.
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