Digi International (DGII) was Downgraded by Sidoti to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Sidoti advised their investors in a research report released on Aug 24, 2016.
On the company’s financial health, Digi International reported $0.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.10. The company had revenue of $52.13 million for the quarter, compared to analysts expectations of $52.60 million. The company’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS.
Digi International opened for trading at $12.26 and hit $12.49 on the upside on Tuesday, eventually ending the session at $12.38, with a gain of 1.48% or 0.18 points. The heightened volatility saw the trading volume jump to 40,661 shares. Company has a market cap of $321 M.
In a different news, on May 26, 2016, Tracy L. Roberts (VP, HR & Information Tech) sold 20,000 shares at $11.25 per share price. According to the SEC, on May 17, 2016, Kevin C. Riley (Chief Operating Officer) sold 20,000 shares at $11.16 per share price. On Nov 9, 2015, David H. Sampsell (VP, Gen. Counsel & Corp. Sec.) purchased 1,000 shares at $12.81 per share price, according to the Form-4 filing with the securities and exchange commission.
Digi International Inc. (Digi) is a provider of machine-to-machine (M2M) networking hardware and solutions. The Companys solutions are aimed at connection monitoring and control of local or remote physical assets by electronic means. The networking products and solutions can connect communication hardware to a physical asset convey information about the asset’s status and performance to a computer system and then use that information to improve or automate one or more processes. Digis solutions are used in wireless networks as wireless networking technologies. The Companys solutions portfolio includes wireless and wired hardware products and services and solutions including professional consulting services product design and development services the Device Cloud by Etherios (Device Cloud) which is a platform as-a-service (PAAS) offering and application development services.