Digi International Inc. provides business and mission-critical Internet of Things (IoT) products, services, and solutions in the United States 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. The company also provides embedded system products under the Digi Connect, ConnectCore, and Rabbit brands; and infrastructure management products, comprising of serial servers, which offers serial port-to-Ethernet integration of devices into wired Ethernet networks; and universal serial bus solutions. In addition, it offers Digi Remote Manager, a recurring revenue cloud-based service that provides a secure environment for customers to manage their connected device deployment; Digi Wireless Design Services, which offers wireless networking product development, testing, and certification services for a range of wireless technology platforms and applications; and SmartSense by Digi for monitoring wirelessly the temperature of food and other perishable or sensitive goods, facilities or pharmacies by tracking the completion of operating tasks by employees, as well as quality control and incident management for food service, healthcare, and transportation/logistics industries. Further, the company provides professional services, such as site planning, implementation management, application development, and customer training; data plan subscriptions; and enhanced technical support services. The company was founded in 1985 and is headquartered in Hopkins, Minnesota.
IPO Year: 1989
Exchange: NASDAQ
Website: digi.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/14/2024 | $28.00 → $32.00 | Buy → Hold | Craig Hallum |
| 5/22/2024 | $35.00 → $29.00 | Overweight → Neutral | Piper Sandler |
| 11/15/2023 | $34.00 | Buy | B. Riley Securities |
| 9/8/2022 | $41.00 | Overweight | Cantor Fitzgerald |
| 6/2/2022 | $36.00 | Overweight | Stephens |
| 8/5/2021 | $29.00 → $28.00 | Buy | Roth Capital |
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Digi International Inc. ("Digi") (NASDAQ:DGII), a leading global provider of business and mission-critical Internet of Things (IoT) products, services and solutions, today announced its acquisition of Jolt Software, Inc., a leading solutions provider to the convenience store and food and beverage industries, for approximately $145.5 million in cash, net of Jolt's cash and otherwise subject to customary adjustments. The acquisition marks a significant milestone for Digi's SmartSense® business in advancing operational intelligence and compliance automation across foodservice, grocery, convenience, healthcare and other verticals. The acquisition supports Digi's strategy to expand annual recurr
Revenue of $108M, Record End of Quarter ARR of $126M Raises Fiscal Year 2025 Guidance Digi International Inc. ("Digi" or the "Company") (NASDAQ:DGII), a leading global provider of business and mission-critical Internet of Things ("IoT") products, services and solutions, today announced its financial results for its third fiscal quarter ended June 30, 2025. Third Fiscal Quarter 2025 Results Compared to Third Fiscal Quarter 2024 Results Revenue was $108 million, an increase of 2%. Gross profit margin was 63.5%, an increase of 430 basis points. Net income was $10 million, an increase of 6%. Net income per diluted share was $0.27, an increase of 4%. Adjusted net income
Digi International, (NASDAQ:DGII, www.digi.com)), a leading global provider of Internet of Things (IoT) connectivity products and services, proudly congratulates the New York City Department of Transportation (NYC DOT) on receiving the Outstanding ITS Project award from the Intelligent Transportation Society of New York (ITS-NY). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250730301273/en/Digi International Celebrates NYC DOT's "Outstanding ITS Project" Award Win for Intersection Wi-Fi System with Digi Cellular Solutions The award recognizes the successful deployment of the NYC Intersection Wi-Fi System, a cutting-edge Intell
Digi International (NASDAQ:DGII), a leader in IoT connectivity, today introduced Digi LifeCycle Assurance On-Prem Manager — a fully local, zero-cloud device management solution. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250729017531/en/Digi International Launches Digi LifeCycle Assurance On-Prem Manager Why it matters: Healthcare, utilities, and global enterprises demand full control, compliance, and local data sovereignty. Cloud-based tools can't always deliver that. Digi On-Prem Manager solves the gap — delivering Digi LifeCycle Assurance's proven features, including 24/7 expert technical support, Digi Remote Manager® P
Digi International® Inc. (NASDAQ:DGII) will release its financial results for the third fiscal quarter 2025 on Wednesday, August 6, after market close, at approximately 4:00 p.m. ET. Ron Konezny, CEO, and Jamie Loch, CFO, will host a conference call later the same day, at 5:00 p.m. ET, to briefly discuss the results and will take questions and provide answers. Please click here to pre-register for the conference call and obtain your dial in number and passcode. All participants are asked to dial-in 15 minutes prior to the start time. Participants may access a live webcast of the conference call through the investor relations section of Digi's website, https://digi.gcs-web.com/ or the ho
The Digi IX30 Cellular Router with Anterix Active Powers Secure, Resilient Communications for Private and Public LTE Deployments Digi International, (NASDAQ:DGII, www.digi.com)), a global leader in Internet of Things (IoT) connectivity solutions, announces the market launch of Digi IX30-0EG4, an edge computing industrial IoT cellular router solution. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250623995116/en/Digi International Announces Anterix Active Solution for Industrial Connectivity at the Edge in Utilities and Critical Infrastructure Digi IX30-0EG4 has achieved the Anterix Active designation, providing full support f
New integrated support model offers embedded protection, SLA-backed tiers, and simplified ownership — previewing at Cisco Live 2025 Opengear, a Digi International company (NASDAQ:DGII, www.digi.com)) and provider of secure and Smart Out of Band™ management solutions, today announced a major transformation in how organizations buy, deploy, and maintain their network infrastructure. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250609348748/en/Opengear Unveils Integrated Support Platform to Empower Always-On Infrastructure. Beginning this month, every new Opengear appliance will ship with five years of built-in hardware coverag
New Mobile App and VPN Service Provide Instant Control and Enhanced Security Digi International (NASDAQ:DGII), a global leader in Internet of Things (IoT) connectivity solutions, today announced the launch of a full-suite solution for industrial infrastructure management, combining the new Digi Axess mobile app with the Digi Axess VPN Service for 24/7 secure industrial infrastructure access. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250604913502/en/Digi International launches full-suite solution for industrial infrastructure management, combining the new Digi Axess mobile app with the Digi Axess VPN Service for 24/7 secur
Growing Profit Margins, Cash Flow from Operations of $26M Revenue of $105M, Record End of Quarter ARR of $123M Digi International Inc. ("Digi" or the "Company") (NASDAQ:DGII), a leading global provider of business and mission critical Internet of Things ("IoT") products, services and solutions, today announced its financial results for its second fiscal quarter ended March 31, 2025. Second Fiscal Quarter 2025 Results Compared to Second Fiscal Quarter 2024 Results Revenue was $105 million, a decrease of 3%. Gross profit margin was 62.1%, an increase of 420 basis points. Net income was $10 million, compared to $4 million. Net income per diluted share was $0.28, compared to $0.11
Delivers low-latency, standards-based MQTT integration for scalable IIoT deployments across water, energy and industrial automation sectors Digi International®, (NASDAQ:DGII), a global leader in Internet of Things (IoT) connectivity solutions, today announced the release of MQTT for Digi Connect® Sensor XRT-M, designed for water and wastewater management, oil and gas, and industrial automation applications. MQTT for the Digi Connect Sensor XRT-M is available now. Organizations seeking to simplify and accelerate their IIoT sensor connectivity can contact Digi Sales to schedule a demo and experience the future of industrial data integration firsthand. This press release features multimedia.
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Craig Hallum downgraded Digi Intl from Buy to Hold and set a new price target of $32.00 from $28.00 previously
Piper Sandler downgraded Digi Intl from Overweight to Neutral and set a new price target of $29.00 from $35.00 previously
B. Riley Securities initiated coverage of Digi Intl with a rating of Buy and set a new price target of $34.00
Cantor Fitzgerald initiated coverage of Digi Intl with a rating of Overweight and set a new price target of $41.00
Stephens initiated coverage of Digi Intl with a rating of Overweight and set a new price target of $36.00
Roth Capital reiterated coverage of Digi International with a rating of Buy and set a new price target of $28.00 from $29.00 previously
Canaccord Genuity reiterated coverage of Digi International with a rating of Buy and set a new price target of $25.00 from $28.00 previously
Piper Sandler initiated coverage of Digi International with a rating of Overweight and set a new price target of $29.00
Piper Sandler initiated coverage of Digi Intl with a rating of Overweight and set a new price target of $29.00
Piper Sandler initiated coverage of Digi International with a rating of Overweight
Live Leadership Updates
Strategic industry leader to provide enhanced guidance for innovative CPG practices for quality and safety SmartSense by Digi®, part of Digi International (NASDAQ:DGII, www.digi.com)) and a leading global provider of Internet of Things (IoT) connectivity solutions, today announced the appointment of Stefanie Miller, Managing Director of Category Strategy and Growth at Kellanova Europe, to its Food Service Advisory Board, which focuses on consumer packaged goods (CPG) safety. Miller joins a distinguished group of leaders from Giant Eagle, Inc., Schnuck Markets, Inc., NewRoad Capital Partners, Nutrition Core Solutions, and Clipper Advisory Group. This press release features multimedia. Vie
Agreement includes Germany, Switzerland & Austria Digi International® (NASDAQ:DGII, www.digi.com))), a leading global provider of Internet of Things (IoT) connectivity products and services, has appointed TOPAS electronic AG (TOPAS) as its distributor in Germany, Switzerland and Austria. Under the terms of the agreement, Digi ConnectCore® system on modules (SOM), Digi XBee® RF modules, Digi Connect® ME, NetSilicon & Rabbit® semiconductor product portfolios will be available, complemented by the wide range of support services offered by TOPAS (www.topas.de). Digi provides embedded solutions, integrating hardware and software to bring IoT connectivity to meet the mission-critical connectivi
Live finance-specific insights
Digi International Inc. ("Digi") (NASDAQ:DGII), a leading global provider of business and mission-critical Internet of Things (IoT) products, services and solutions, today announced its acquisition of Jolt Software, Inc., a leading solutions provider to the convenience store and food and beverage industries, for approximately $145.5 million in cash, net of Jolt's cash and otherwise subject to customary adjustments. The acquisition marks a significant milestone for Digi's SmartSense® business in advancing operational intelligence and compliance automation across foodservice, grocery, convenience, healthcare and other verticals. The acquisition supports Digi's strategy to expand annual recurr
Revenue of $108M, Record End of Quarter ARR of $126M Raises Fiscal Year 2025 Guidance Digi International Inc. ("Digi" or the "Company") (NASDAQ:DGII), a leading global provider of business and mission-critical Internet of Things ("IoT") products, services and solutions, today announced its financial results for its third fiscal quarter ended June 30, 2025. Third Fiscal Quarter 2025 Results Compared to Third Fiscal Quarter 2024 Results Revenue was $108 million, an increase of 2%. Gross profit margin was 63.5%, an increase of 430 basis points. Net income was $10 million, an increase of 6%. Net income per diluted share was $0.27, an increase of 4%. Adjusted net income
Digi International® Inc. (NASDAQ:DGII) will release its financial results for the third fiscal quarter 2025 on Wednesday, August 6, after market close, at approximately 4:00 p.m. ET. Ron Konezny, CEO, and Jamie Loch, CFO, will host a conference call later the same day, at 5:00 p.m. ET, to briefly discuss the results and will take questions and provide answers. Please click here to pre-register for the conference call and obtain your dial in number and passcode. All participants are asked to dial-in 15 minutes prior to the start time. Participants may access a live webcast of the conference call through the investor relations section of Digi's website, https://digi.gcs-web.com/ or the ho
Growing Profit Margins, Cash Flow from Operations of $26M Revenue of $105M, Record End of Quarter ARR of $123M Digi International Inc. ("Digi" or the "Company") (NASDAQ:DGII), a leading global provider of business and mission critical Internet of Things ("IoT") products, services and solutions, today announced its financial results for its second fiscal quarter ended March 31, 2025. Second Fiscal Quarter 2025 Results Compared to Second Fiscal Quarter 2024 Results Revenue was $105 million, a decrease of 3%. Gross profit margin was 62.1%, an increase of 420 basis points. Net income was $10 million, compared to $4 million. Net income per diluted share was $0.28, compared to $0.11
Digi International® Inc. (NASDAQ:DGII) will release its financial results for the second fiscal quarter 2025 on Wednesday, May 7, after market close, at approximately 4:00 p.m. ET. Ron Konezny, CEO, and Jamie Loch, CFO, will host a conference call later the same day, at 5:00 p.m. ET, to briefly discuss the results and will take questions and provide answers. Please click here to pre-register for the conference call and obtain your dial in number and passcode. All participants are asked to dial-in 15 minutes prior to the start time. Participants may access a live webcast of the conference call through the investor relations section of Digi's website, https://digi.gcs-web.com/ or the hos
Revenue of $104M, Record End of Quarter ARR of $120M Cash Flow From Operations of $30M Digi International® Inc. (NASDAQ:DGII), a leading global provider of business and mission critical Internet of Things ("IoT") products, services and solutions, today announced its financial results for its first fiscal quarter ended December 31, 2024. First Fiscal Quarter 2025 Results Compared to First Fiscal Quarter 2024 Results Revenue was $104 million, a decrease of 2%. Gross profit margin was 62.0%, an increase of 440 basis points. Net income was $10 million, compared to a net loss of $3 million. Net income per diluted share was $0.27, compared to a net loss per diluted share of $0.0
Digi International® Inc. (NASDAQ:DGII) will release its financial results for the first fiscal quarter 2025 on Wednesday, February 5, after market close, at approximately 4:00 p.m. ET. Ron Konezny, CEO, and Jamie Loch, CFO, will host a conference call later the same day, at 5:00 p.m. ET, to briefly discuss the results and will take questions and provide answers. Please click here to pre-register for the conference call and obtain your dial in number and passcode. All participants are asked to dial-in 15 minutes prior to the start time. Participants may access a live webcast of the conference call through the investor relations section of Digi's website, https://digi.gcs-web.com/ or the
Annual Revenue of $424M, Record End of Quarter ARR of $116M Full Year Cash Flow From Operations of $83M Digi International® Inc. (NASDAQ:DGII), a leading global provider of business and mission critical Internet of Things ("IoT") products, services and solutions, today announced its financial results for its fourth fiscal quarter ended September 30, 2024. Fourth Fiscal Quarter 2024 Results Compared to Fourth Fiscal Quarter 2023 Results Revenue was $105 million, a decrease of 6%. Gross profit margin was 61.1%, an increase of 400 basis points. Net income was $12 million, compared to $6 million. Net income per diluted share was $0.32, compared to $0.17. Adjusted net income
Digi International® Inc. (NASDAQ:DGII) will release its financial results for the fourth fiscal quarter and full fiscal 2024 on Wednesday, November 13, after market close, at approximately 4:00 p.m. ET. Ron Konezny, CEO, and Jamie Loch, CFO, will host a conference call the same day, at 5:00 p.m. ET, to briefly discuss the results and will take questions and provide answers. Please click here to pre-register for the conference call and obtain your dial in number and passcode. All participants are asked to dial-in 15 minutes prior to the start time. Participants may access a live webcast of the conference call through the investor relations section of Digi's website, https://digi.gcs-web.co
Revenue of $105M, Record End of Quarter ARR of $113M Cash Flow From Operations of $25M Digi International® Inc. (NASDAQ:DGII), a leading global provider of business and mission critical Internet of Things ("IoT") products, services and solutions, today announced its financial results for its third fiscal quarter ended June 30, 2024. Third Fiscal Quarter 2024 Results Compared to Third Fiscal Quarter 2023 Results Revenue was $105 million, a decrease of 6%. Gross profit margin was 59.2%, an increase of 230 basis points. Net income was $10 million, compared to $7 million. Net income per diluted share was $0.26, compared to $0.18. Adjusted net income per diluted share w
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