News headlines about Digi International (NASDAQ:DGII) have been trending somewhat negative this week, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources. 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 -0.07 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 46.3043636600341 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media headlines that may have effected Accern’s rankings:
DGII has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Digi International from a “hold” rating to a “sell” rating in a report on Friday, January 26th. Canaccord Genuity reissued a “buy” rating on shares of Digi International in a report on Friday, October 27th. Roth Capital initiated coverage on Digi International in a research note on Friday, February 2nd. They set a “buy” rating and a $15.00 price target for the company. BidaskClub raised Digi International from a “strong sell” rating to a “sell” rating in a research note on Saturday, January 13th. Finally, Sidoti raised Digi International from a “neutral” rating to a “buy” rating in a research note on Monday, December 11th. Two analysts have rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $14.00.
Digi International (NASDAQ:DGII) traded up $0.20 during trading on Wednesday, reaching $10.35. The company had a trading volume of 68,219 shares, compared to its average volume of 107,097. The stock has a market cap of $274.34, a PE ratio of 115.01 and a beta of 1.48. Digi International has a 1 year low of $8.50 and a 1 year high of $13.35.
Digi International (NASDAQ:DGII) last posted its quarterly earnings data on Thursday, January 25th. The technology company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). The company had revenue of $45.20 million for the quarter, compared to analysts’ expectations of $45.58 million. Digi International had a return on equity of 1.91% and a net margin of 1.34%. The company’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.08 EPS. equities analysts expect that Digi International will post 0.15 EPS for the current fiscal year.
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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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