Welcome to our dedicated page for Digi Intl news (Ticker: DGII), a resource for investors and traders seeking the latest updates and insights on Digi Intl stock.
Digi International Inc (DGII) provides mission-critical IoT connectivity solutions for industries requiring secure, reliable machine-to-machine communications. This news hub offers investors and technology professionals centralized access to official announcements and market-moving updates.
Track earnings releases, product innovations, and strategic partnerships shaping the IoT landscape. Our curated collection includes regulatory filings, leadership updates, and technology deployments across manufacturing, logistics, and environmental monitoring sectors.
Discover how Digi's embedded modules and cloud-integrated solutions address evolving connectivity demands. Stay informed about developments in both core segments: IoT Products & Services for hardware solutions and IoT Solutions for specialized monitoring applications.
Bookmark this page for real-time updates on network security enhancements, global market expansions, and industry-specific IoT implementations. Verify operational milestones through primary source materials while maintaining compliance awareness.
Digi International (Nasdaq: DGII) reported financial results for Q4 FY2021, with revenues reaching $79.1 million, an increase of 8.1% year-over-year. Gross margins improved to 53.9%, up from 51.3%. However, net income per diluted share fell to $0.13, a 13.3% decline, while adjusted EPS decreased to $0.25. For FY2021, total revenue increased to $308.6 million, up 10.5%. The company anticipates Q1 FY2022 revenues of $81 million to $85 million, reflecting 11% to 16% growth.
Digi International has announced the acquisition of Ventus Holdings for
Digi International (NASDAQ: DGII) has appointed TOPAS electronic AG as its distributor in Germany, Switzerland, and Austria.
This strategic partnership will enhance the availability of Digi's connectivity products such as Digi ConnectCore and Digi XBee RF modules, which are crucial for IoT applications across various industries.
TOPAS, renowned for its market expertise, aims to simplify design processes and accelerate time to market for customers, thereby enhancing operational efficiency.
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.
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