News stories about Digi International (NASDAQ:DGII) have been trending somewhat negative recently, according to Accern. The research group ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Digi International earned a media sentiment score of -0.06 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 46.0959770960248 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
Shares of Digi International (NASDAQ:DGII) traded up $0.05 during trading on Thursday, reaching $10.20. 66,600 shares of the company’s stock were exchanged, compared to its average volume of 81,891. Digi International has a 1 year low of $8.50 and a 1 year high of $14.00. The firm has a market capitalization of $271.98, a price-to-earnings ratio of 29.14 and a beta of 1.44.
Digi International (NASDAQ:DGII) last issued its earnings results on Thursday, October 26th. The technology company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.08. Digi International had a net margin of 5.16% and a return on equity of 3.24%. The firm had revenue of $45.10 million for the quarter, compared to analyst estimates of $45.66 million. During the same quarter last year, the business posted $0.14 earnings per share. The company’s quarterly revenue was down 10.7% on a year-over-year basis. equities research analysts forecast that Digi International will post 0.25 earnings per share for the current year.
A number of brokerages have weighed in on DGII. BidaskClub upgraded shares of Digi International from a “strong sell” rating to a “sell” rating in a research report on Saturday, January 13th. Zacks Investment Research lowered shares of Digi International from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. TheStreet upgraded shares of Digi International from a “c+” rating to a “b” rating in a research report on Friday, October 27th. Sidoti lowered shares of Digi International from a “buy” rating to a “neutral” rating and set a $12.00 target price on the stock. in a research report on Monday, October 16th. Finally, Canaccord Genuity restated a “buy” rating on shares of Digi International in a research report on Friday, October 27th. Two analysts have rated the stock with a sell rating and four have issued a buy rating to the company. Digi International has a consensus rating of “Hold” and an average price target of $14.00.
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About Digi International
Digi International Inc is a provider of mission and business-critical machine-to-machine (M2M) and Internet-of-Things (IoT) connectivity products and services. The Company creates connected products and deploys and manages critical communications infrastructures in a range of environments. It offers four categories of hardware products: cellular routers and gateways, radio frequency (RF), embedded and network products.
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