Welcome to our dedicated page for Digi International news (Ticker: $DGII), a resource for investors and traders seeking the latest updates and insights on Digi International stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Digi International's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Digi International's position in the market.
Rhea-AI Summary
Digi International Inc. (Nasdaq: DGII) reported a 3% decrease in revenue to $106 million for the first fiscal quarter of 2024. However, Annualized Recurring Revenue (ARR) surged to $108 million, surpassing quarterly revenue for the first time. The company achieved a gross profit margin of 57.6% and adjusted EBITDA of $23 million. Cash flow from operations was $19 million, driven by a significant reduction in debt and inventory levels. The IoT Product & Services segment experienced a 3% revenue decline but saw a 64% increase in ARR, while the IoT Solutions segment reported a 4% decrease in revenue but a 4% increase in ARR. The company aims to achieve $200 million of ARR and $200 million of adjusted EBITDA within the next five years.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.86%
Tags
-
Rhea-AI Summary
Digi International Inc. (NASDAQ: DGII) will release its financial results for the first fiscal quarter 2024 on January 31, 2024, after market close. CEO Ron Konezny and CFO Jamie Loch will host a conference call the following morning to discuss the results and take questions. Participants can access the live webcast and a replay through Digi's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.42%
Tags
-
Rhea-AI Summary
SparkFun, a Digi International Value-Added Reseller (VAR) for OEMs, launches a series of developer boards combining Digi XBee modules with SparkFun's Qwiic Connect Ecosystem. The collaboration aims to bring I2C-based rapid-prototyping tools to a wide range of users, from hobbyists to professional R&D developers. SparkFun also releases MicroPython libraries for Qwiic Sensors and will sell XBee modules as standalone products. The collaboration signifies the promise of future content collaborations between the two companies, including projects and tutorials for new cellular IoT applications.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.36%
Tags
Rhea-AI Summary
Digi International Inc. (Nasdaq: DGII) has entered into a new senior secured credit facility, replacing the existing Term B loan with a $250 million senior secured revolving credit facility. The new facility is expected to save approximately $4 million in interest payments over the first year, with an initial interest rate of SOFR + 250 bps on the revolver, leading to a 300 bps interest savings annually. The company remains committed to aggressively paying down the debt and delivering strong financial results in FY24.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.14%
Tags
-
Rhea-AI Summary
Opengear, a Digi International company (DGII), releases research showing 97% of US CIOs have serious concerns about network resilience
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.58%
Tags
-
Rhea-AI Summary
DGII: Digi International Announces Record Annual Revenue of $445M and End of Quarter ARR of $106M, with Full Year EPS of $0.67 and Adjusted EPS of $1.99. The company also discusses its fiscal 2023 results, segment performance, financial highlights, and capital allocation strategy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.93%
Tags
Rhea-AI Summary
Digi International announces availability of Digi SAFE all-in-one connectivity solution for public safety agencies
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.29%
Tags
-
Rhea-AI Summary
Digi International announces FIPS compliance across entire cellular router line
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.34%
Tags
-
Rhea-AI Summary
Digi International Inc. will release its Q4 and full fiscal 2023 financial results on November 9, 2023. The CEO and CFO will host a conference call to discuss the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.34%
Tags
Rhea-AI Summary
86% of U.S.-based CIOs expect 25% of network engineers to retire in the next 5 years, leading to a skills shortage. 95% of CIOs say this has affected network management. 79% of U.S. CIOs struggle to meet user expectations. Investment in automation and emerging technologies seen as vital to addressing the skills shortage.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.96%
Tags
Digi International Inc.
Nasdaq:DGII
DGII Rankings
DGII Stock Data
983.21M
35.37M
2.34%
100.89%
7.42%
Electronic Computer Manufacturing
Manufacturing
United States of America
HOPKINS
About DGII
digi international (digi) is a leading global provider of mission-critical and business-critical machine-to-machine (m2m) and internet of things (iot) connectivity products and services. we help our customers create next generation connected products and deploy and manage critical communications infrastructures in demanding environments. our embedded modules and off-the-shelf routers, gateways and network products are designed for relentless reliability and deliver unquestioned performance and security. our cloud-based software and professional services help customers put their connected products and assets to work across a broad range of mission-critical industry applications. founded in 1985, we’ve helped our customers connect over 100 million things, and growing.