Media coverage about Digi International (NASDAQ:DGII) has been trending somewhat positive recently, Accern reports. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. 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 coverage optimism score of 0.20 on Accern’s scale. Accern also gave news headlines about the technology company an impact score of 46.1988526672365 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern’s analysis:
- Digi International Inc. (DGII) Receives Average Recommendation of “Buy” from Analysts (americanbankingnews.com)
- Digi International Inc. (NASDAQ:DGII) Closed -9.5% Below Its 50 Day Moving Average (alltheinternetofthings.com)
- $0.08 EPS Expected for Digi International Inc. (DGII) This Quarter (americanbankingnews.com)
- Digi International Inc. (DGII) Hits a New 52-Week High (highlightpress.com)
- Extreme Networks (EXTR) Catches Eye: Stock Moves 11.5% Higher (finance.yahoo.com)
DGII has been the subject of several recent analyst reports. Zacks Investment Research raised Digi International from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Tuesday, August 1st. Canaccord Genuity reaffirmed a “buy” rating and set a $15.00 target price on shares of Digi International in a research note on Friday, July 28th. Sidoti raised Digi International from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 23rd. Benchmark Co. initiated coverage on Digi International in a research note on Tuesday, April 25th. They set a “buy” rating and a $16.00 target price for the company. Finally, TheStreet cut Digi International from a “b-” rating to a “c+” rating in a research note on Tuesday, May 30th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $14.50.
Shares of Digi International (NASDAQ DGII) traded down 2.82% during midday trading on Friday, reaching $8.60. The company’s stock had a trading volume of 168,962 shares. The stock has a market cap of $228.24 million, a price-to-earnings ratio of 26.14 and a beta of 1.45. The stock has a 50-day moving average price of $9.75 and a 200-day moving average price of $10.98. Digi International has a 52-week low of $8.50 and a 52-week high of $14.15.
Digi International (NASDAQ:DGII) last announced its earnings results on Thursday, July 27th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.03. Digi International had a return on equity of 3.17% and a net margin of 4.74%. The firm had revenue of $45.70 million during the quarter, compared to analyst estimates of $45.67 million. During the same quarter in the prior year, the company earned $0.16 EPS. The business’s revenue was down 12.3% compared to the same quarter last year. Equities research analysts anticipate that Digi International will post $0.27 earnings per share for the current fiscal year.
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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