Digi Intl Inc Stock Price, News & Analysis

Digi International (NASDAQ: DGII) will release its financial results for Q4 and fiscal year 2021 on November 10, 2021, post-market at 4:00 p.m. ET. CEO Ron Konezny and CFO Jamie Loch will host a conference call at 5:00 p.m. ET to discuss the results and provide updates. Participants can join via a live webcast on Digi's investor relations site or through a designated conference call number. A replay will be available shortly after the call, lasting for a week. For more details, visit www.digi.com.

Digi International has launched the Digi TX64 5G Rail, a high-performance cellular router tailored for rail-transit applications. This router features 5G connectivity with 4G failover, rail-grade certifications, and seamless integration with Digi’s Remote Manager for efficient network management. The device enhances operational efficiency through geofencing alerts and supports various applications such as fare collection and passenger internet access. Its rugged design ensures reliability in challenging environments, with capabilities including centralized management and advanced security through Digi TrustFence.

Digi International (NASDAQ: DGII) has launched my.digi.com, new customer and partner portals enhancing support for IoT solutions. The platform provides real-time assistance with resources like training videos, product compliance info, and customizable sales tools. CEO Ron Konezny emphasized the portal's role in facilitating access to expert support, streamlining the user experience. The initiative reflects Digi's commitment to innovation in IoT markets, aimed at maintaining competitive advantage for its partners and customers.

According to a survey by Opengear, 87% of network professionals report increased investments in NetOps over the past two years. Nearly half (48%) have boosted their spending by 50% or more. NetOps 2.0 is seen as vital for network management, with 97% of respondents rating it as important for infrastructure planning. Key drivers for this trend include digital transformation (23%) and performance improvements (17%). Opengear's president forecasts continued growth in NetOps spending driven by the need for agility and cost savings.

Opengear's latest research highlights that 41% of network professionals use NetOps to enhance network security. Additionally, 44% of those utilizing an independent management plane report improved security as a key benefit. Despite these advancements, access rights and permissions raise concerns, with only half of network engineers having access to the management plane. The survey also reveals that 39% of organizations with SD-WAN deployment leverage multilayer security to prevent downtime.

SmartSense by Digi, part of Digi International (NASDAQ: DGII), announced a partnership with Jollibee Foods Corporation (JFC) North America, implementing digital HACCP and temperature monitoring solutions across over 100 locations in the U.S. and Canada. This initiative aims to enhance food safety and quality as JFC expands its footprint. JFC has reported double-digit sales growth in 2020, attributing this success to its commitment to food quality and sanitation. The partnership allows JFC to leverage technology and maintain rigorous standards as it plans for 500 locations in the next five to seven years.

Digi International reported record quarterly revenues of $79.1 million for Q3 2021, a 12.4% increase year-over-year. The company also announced a net income per diluted share of $0.09, up 50% from last year. Annualized Recurring Revenue (ARR) rose to approximately $13 million, representing a 13% growth. The IoT Solutions segment saw a stronger performance with revenues increasing 78.6%. However, supply chain issues are anticipated to persist, affecting future revenue growth projections of $75 million to $79 million for Q4 2021.

Digi International (NASDAQ: DGII) has launched a new enterprise starter kit that provides a comprehensive LoRaWAN device-to-cloud solution, marking its entry into the low power wide area (LPWA) market. This turnkey kit aims to streamline the onboarding process for enterprises, reducing time and costs associated with digital transformation. Developed using technology from the recent acquisition of Haxiot, the kit is designed for scalability and easy deployment across various sectors, including agriculture, oil and gas, utilities, and manufacturing. The product is available now in North America and will launch in EMEA in Q3 2021.

Digi International (NASDAQ: DGII) will announce its financial results for the third fiscal quarter of 2021 on August 4, 2021, after market close at 4:00 p.m. ET. CEO Ron Konezny and CFO Jamie Loch will provide a business update during a conference call at 5:00 p.m. ET the same day. Interested parties can access the live webcast through Digi's investor relations website or join via phone. A replay will be available for one week after the call. Digi specializes in IoT solutions and has connected over 100 million devices since its inception in 1985.