Digi International (NASDAQ:DGII) Releases Q3 2026 Earnings Guidance

Digi International (NASDAQ:DGII) issued an update on its third quarter 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.650-0.680 for the period, compared to the consensus EPS estimate of 0.550. The company issued revenue guidance of $130.0 million-$134.0 million, compared to the consensus revenue estimate of $126.1 million.

Digi International Trading Up 5.6%

Shares of DGII traded up $3.48 during mid-day trading on Friday, hitting $65.51. 144,043 shares of the company’s stock traded hands, compared to its average volume of 297,879. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.21. Digi International has a 1 year low of $30.69 and a 1 year high of $69.81. The firm has a market capitalization of $2.46 billion, a P/E ratio of 57.97 and a beta of 0.94. The business’s 50-day moving average price is $52.08 and its 200-day moving average price is $45.98.

Digi International (NASDAQ:DGII) last posted its earnings results on Wednesday, May 6th. The technology company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.04. Digi International had a return on equity of 11.42% and a net margin of 9.10%.The firm had revenue of $130.74 million for the quarter, compared to analysts’ expectations of $125.03 million. During the same period in the previous year, the firm earned $0.51 earnings per share. The business’s revenue was up 25.1% compared to the same quarter last year. Digi International has set its Q3 2026 guidance at 0.650-0.680 EPS. As a group, sell-side analysts forecast that Digi International will post 1.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DGII. Piper Sandler upped their price target on Digi International from $46.00 to $63.00 and gave the stock a “neutral” rating in a research note on Thursday. Roth Mkm reaffirmed a “buy” rating and issued a $70.00 price target on shares of Digi International in a research note on Thursday. Craig Hallum upped their price target on Digi International from $50.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Digi International in a research note on Monday, March 23rd. Finally, Zacks Research raised Digi International from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $64.20.

Insiders Place Their Bets

In other Digi International news, Director Satbir Khanuja sold 6,000 shares of Digi International stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $46.00, for a total value of $276,000.00. Following the completion of the transaction, the director directly owned 85,298 shares of the company’s stock, valued at approximately $3,923,708. The trade was a 6.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP David H. Sampsell sold 5,000 shares of Digi International stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $45.74, for a total transaction of $228,700.00. Following the completion of the transaction, the vice president directly owned 24,740 shares of the company’s stock, valued at $1,131,607.60. This trade represents a 16.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 13,455 shares of company stock valued at $616,357. Insiders own 3.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Lazard Asset Management LLC lifted its holdings in Digi International by 25.1% in the second quarter. Lazard Asset Management LLC now owns 1,690 shares of the technology company’s stock valued at $58,000 after acquiring an additional 339 shares during the period. Russell Investments Group Ltd. lifted its holdings in Digi International by 1,530.9% in the third quarter. Russell Investments Group Ltd. now owns 3,376 shares of the technology company’s stock valued at $123,000 after acquiring an additional 3,169 shares during the period. Brooklyn Investment Group lifted its holdings in Digi International by 3,880.3% in the third quarter. Brooklyn Investment Group now owns 5,652 shares of the technology company’s stock valued at $206,000 after acquiring an additional 5,510 shares during the period. Millennium Management LLC bought a new position in Digi International in the third quarter valued at about $292,000. Finally, Verity Asset Management Inc. bought a new position in Digi International in the third quarter valued at about $464,000. 95.90% of the stock is owned by institutional investors.

About Digi International

Digi International Inc is a provider of Internet of Things (IoT) connectivity products and services designed to link devices to networks and applications securely. The company develops a broad range of networking hardware, including cellular and Ethernet routers, gateways, embedded modules and adaptors, as well as accessories and antennas. Digi’s solutions enable businesses to deploy remote monitoring, control and automation systems across diverse industries such as transportation, utilities, healthcare, retail and industrial manufacturing.

In addition to its physical devices, Digi offers cloud-based management software and professional services that simplify device configuration, monitoring and over-the-air updates.