Digi International Raised to “Neutral” at Zacks (DGII)
Digi International (NASDAQ:DGII) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report issued on Tuesday. The firm currently has a $8.60 target price on the stock. Zacks‘s target price would suggest a potential upside of 2.87% from the stock’s previous close.
Shares of Digi International (NASDAQ:DGII) traded up 1.08% during mid-day trading on Tuesday, hitting $8.45. 16,647 shares of the company’s stock traded hands. Digi International has a 1-year low of $7.87 and a 1-year high of $12.75. The stock’s 50-day moving average is $8.41 and its 200-day moving average is $9.16. The company has a market cap of $210.0 million and a P/E ratio of 64.31.
Digi International (NASDAQ:DGII) last issued its quarterly earnings data on Thursday, July 24th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by $0.02. The company had revenue of $47.90 million for the quarter, compared to the consensus estimate of $47.94 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. Analysts expect that Digi International will post $0.09 EPS for the current fiscal year.
Separately, analysts at Canaccord Genuity cut their price target on shares of Digi International to $9.00 in a research note on Friday, July 25th.
Digi International Inc (NASDAQ:DGII) is a provider of machine-to-machine (M2M) networking hardware and solutions that enables the connection, monitoring and control of local or remote physical assets by electronic means.
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