Digi Intl Inc Stock Price, News & Analysis

Digi International (NASDAQ: DGII) will announce its third fiscal quarter financial results on August 4, 2022, at approximately 8:00 a.m. ET. The announcement will feature a new shareholder letter format. Following this, CEO Ron Konezny and CFO Jamie Loch will host a conference call at 10:00 a.m. ET to discuss the results and answer questions. Investors can pre-register for the call and access a live webcast through Digi's investor relations website. A replay will be available after the call for one week.

Digi International (NASDAQ: DGII) has launched the Digi XBee LR, a new LoRaWAN-compatible wireless communication module, enhancing its IoT product range. This module supports various applications, such as precision irrigation and remote monitoring, and is pre-certified for multiple regions. It features zero-touch provisioning and low power consumption, aiming to provide businesses with a robust IoT solution. The product is expected to be available for evaluation in Q4 2022, marking a significant development in Digi's connectivity offerings.

Opengear, a Digi International company (NASDAQ: DGII), released research revealing a disconnect in digital transformation efforts. While 90% of CIOs are engaged in decision-making, only 17% involve network managers and just 13% include network engineers. The survey highlighted that only 28% of CIOs are satisfied with network engineering talent, with 39% citing skill shortages as barriers to digital transformation. CIOs recognize the growing need for these professionals, yet 62% haven't implemented change management processes. Greater collaboration between CIOs and network engineers is deemed essential for effective digital transformation.

Digi International (NASDAQ: DGII) has launched Digi ConnectCore® Voice Control, a voice-control software solution for its ConnectCore system-on-modules. This solution supports 30 languages and a 60,000-word vocabulary, allowing voice processing on edge devices without cloud connectivity, which addresses data privacy and cost issues. The software aims to enhance human-machine interactions, especially in industrial settings where touch interfaces may fail due to environmental challenges. A free software development kit is available for engineers to create proof-of-concept applications.

Digi International (NASDAQ: DGII) showcased new IoT solutions at Embedded World 2022, targeting medical, transportation, agriculture, and industrial sectors. Key highlights include the Digi ConnectCore MP1 system-on-modules, Voice Control Software, and Digi XBee Intelligent Edge Controller. These products aim to enhance connectivity and innovation, improving user interaction with advanced networking capabilities. The company emphasizes its focus on security and reliability in developing connected products.

Digi International has launched the Digi ConnectCore MP1, the smallest system-on-module (SOM) in its category, featuring integrated Wi-Fi, Bluetooth, and wired connectivity. Designed for OEMs, this cost-effective solution accelerates product development across diverse applications, including healthcare and industrial sectors. The MP1 SOMs measure just 29x29 mm and provide substantial flexibility with advanced features like pre-certified wireless connectivity and embedded security. The complete suite includes development tools and remote management services.

Digi International has joined the STMicroelectronics Partner Program to enhance the design of IoT solutions. This partnership aims to reduce product development efforts and speed up time-to-market for enterprises needing sophisticated connected applications. Andreas Burghart, Digi's senior product manager, emphasized the integration of ST’s products will support scalability and compatibility across regulated industries like healthcare, transportation, and manufacturing. Digi's off-the-shelf solutions promise lower total cost of ownership, fostering innovation.

Opengear, a Digi International company (NASDAQ: DGII), has launched the CM8100, a new console manager that enhances network resilience. This device adds NetOps capabilities to existing Smart OOB features, enabling secure remote access and efficient management of IT infrastructure. Key features include hosting up to 48 devices, hardware-based TPM 2.0 security, and an open architecture REST API. The CM8100 aims to reduce downtime by providing IT personnel with reliable remote access, which can save significant costs associated with outages, often exceeding $100,000.

According to a recent survey commissioned by Opengear, 53% of network engineers and 52% of CIOs identify cybersecurity as their top risk in digital transformation strategies. The research highlights a significant rise in cyberattacks, with 61% of CIOs noting increased incidents compared to previous years. A notable 70% of network engineers emphasize security as a key focus area. Furthermore, 41% of CIOs prioritize cybersecurity investments for the upcoming year, marking it as critical for organizational growth. Opengear, a Digi International company, focuses on secure IT infrastructure management.