Digi International (NASDAQ:DGII) Releases Q3 2026 Earnings Guidance

Digi International (NASDAQ:DGII) updated its third quarter 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.650-0.680 for the period, compared to the consensus estimate of 0.550. The company issued revenue guidance of $130.0 million-$134.0 million, compared to the consensus revenue estimate of $126.1 million.

Analyst Ratings Changes

A number of research firms have commented on DGII. Wall Street Zen raised Digi International from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 31st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Digi International in a report on Monday, March 23rd. Zacks Research raised Digi International from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Finally, Craig Hallum reiterated a “buy” rating and set a $50.00 price target on shares of Digi International in a research report on Thursday, February 5th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.80.

Digi International Stock Performance

Shares of Digi International stock traded up $0.41 during trading on Wednesday, hitting $58.85. 263,431 shares of the stock were exchanged, compared to its average volume of 257,145. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.90 and a current ratio of 1.24. Digi International has a 12 month low of $27.71 and a 12 month high of $59.40. The stock’s fifty day moving average is $51.81 and its 200 day moving average is $45.81. The stock has a market cap of $2.21 billion, a PE ratio of 52.54 and a beta of 0.94.

Digi International (NASDAQ:DGII) last issued its quarterly earnings data on Wednesday, May 6th. The technology company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.04. The firm had revenue of $130.74 million for the quarter, compared to the consensus estimate of $125.03 million. Digi International had a net margin of 9.45% and a return on equity of 10.93%. Digi International’s quarterly revenue was up 25.1% compared to the same quarter last year. During the same period last year, the firm posted $0.51 EPS. Digi International has set its Q3 2026 guidance at 0.650-0.680 EPS. As a group, sell-side analysts anticipate that Digi International will post 1.87 EPS for the current year.

Insider Activity

In related news, Director Satbir Khanuja sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $46.00, for a total value of $276,000.00. Following the sale, the director directly owned 85,298 shares in the company, valued at $3,923,708. This trade represents a 6.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David H. Sampsell sold 5,000 shares of Digi International stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $45.74, for a total value of $228,700.00. Following the sale, the vice president directly owned 24,740 shares in the company, valued at $1,131,607.60. The trade was a 16.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 13,455 shares of company stock valued at $616,357. Insiders own 3.40% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Russell Investments Group Ltd. raised its stake in shares of Digi International by 8.1% during the fourth quarter. Russell Investments Group Ltd. now owns 3,649 shares of the technology company’s stock valued at $158,000 after purchasing an additional 273 shares in the last quarter. Brooklyn Investment Group grew its position in Digi International by 5.9% in the 4th quarter. Brooklyn Investment Group now owns 5,983 shares of the technology company’s stock valued at $265,000 after buying an additional 331 shares in the last quarter. Lazard Asset Management LLC increased its stake in Digi International by 25.1% during the 2nd quarter. Lazard Asset Management LLC now owns 1,690 shares of the technology company’s stock valued at $58,000 after buying an additional 339 shares during the period. Captrust Financial Advisors increased its stake in Digi International by 15.2% during the 4th quarter. Captrust Financial Advisors now owns 18,204 shares of the technology company’s stock valued at $788,000 after buying an additional 2,396 shares during the period. Finally, California State Teachers Retirement System raised its position in shares of Digi International by 9.9% during the 3rd quarter. California State Teachers Retirement System now owns 37,001 shares of the technology company’s stock worth $1,349,000 after buying an additional 3,343 shares in the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.

Digi International Company Profile

Digi International Inc is a provider of Internet of Things (IoT) connectivity products and services designed to link devices to networks and applications securely. The company develops a broad range of networking hardware, including cellular and Ethernet routers, gateways, embedded modules and adaptors, as well as accessories and antennas. Digi’s solutions enable businesses to deploy remote monitoring, control and automation systems across diverse industries such as transportation, utilities, healthcare, retail and industrial manufacturing.

In addition to its physical devices, Digi offers cloud-based management software and professional services that simplify device configuration, monitoring and over-the-air updates.