Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Digi International (DGII) Share Price
Media headlines about Digi International (NASDAQ:DGII) have trended somewhat positive on Monday, Accern Sentiment reports. Accern rates the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Digi International earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave news headlines about the technology company an impact score of 46.3808020922016 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of Digi International (NASDAQ DGII) traded down $0.10 during mid-day trading on Monday, hitting $10.00. 60,100 shares of the stock were exchanged, compared to its average volume of 85,687. The company has a market cap of $265.40, a PE ratio of 27.03 and a beta of 1.45. Digi International has a 12 month low of $8.50 and a 12 month high of $14.15.
Digi International (NASDAQ:DGII) last issued its earnings results on Thursday, October 26th. The technology company reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.08. The company had revenue of $45.10 million for the quarter, compared to analysts’ expectations of $45.66 million. Digi International had a net margin of 5.16% and a return on equity of 3.24%. Digi International’s quarterly revenue was down 10.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.14 EPS. research analysts predict that Digi International will post 0.25 EPS for the current fiscal year.
A number of brokerages have recently issued reports on DGII. TheStreet raised shares of Digi International from a “c+” rating to a “b” rating in a report on Friday, October 27th. Canaccord Genuity reaffirmed a “buy” rating on shares of Digi International in a report on Friday, October 27th. Zacks Investment Research raised shares of Digi International from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Tuesday, August 1st. Sidoti cut shares of Digi International from a “buy” rating to a “neutral” rating and set a $12.00 target price on the stock. in a report on Monday, October 16th. Finally, BidaskClub cut shares of Digi International from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $14.00.
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Digi International Company Profile
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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