Digi International (DGII) Receiving Somewhat Negative Media Coverage, Study Finds

News articles about Digi International (NASDAQ:DGII) have trended somewhat negative this week, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Digi International earned a news impact score of -0.06 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 46.0959770960248 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the news stories that may have effected Accern Sentiment’s scoring:

A number of equities analysts have recently commented on DGII shares. Zacks Investment Research upgraded shares of Digi International from a “sell” rating to a “hold” rating in a report on Tuesday, November 14th. Sidoti lowered shares of Digi International from a “buy” rating to a “neutral” rating and set a $12.00 price target on the stock. in a report on Monday, October 16th. Canaccord Genuity reiterated a “buy” rating on shares of Digi International in a report on Friday, October 27th. BidaskClub upgraded shares of Digi International from a “strong sell” rating to a “sell” rating in a report on Saturday, January 13th. Finally, TheStreet upgraded shares of Digi International from a “c+” rating to a “b” rating in a report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $14.00.

Shares of Digi International (DGII) traded up $0.05 during midday trading on Thursday, reaching $10.20. 66,600 shares of the company were exchanged, compared to its average volume of 81,891. Digi International has a fifty-two week low of $8.50 and a fifty-two week high of $14.00. The company has a market capitalization of $271.98, a P/E ratio of 29.14 and a beta of 1.44.

Digi International (NASDAQ:DGII) last announced its earnings results on Thursday, October 26th. The technology company reported $0.16 earnings per share for the quarter, topping 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 business had revenue of $45.10 million during the quarter, compared to the consensus estimate of $45.66 million. During the same quarter last year, the firm earned $0.14 earnings per share. Digi International’s quarterly revenue was down 10.7% on a year-over-year basis. equities research analysts anticipate that Digi International will post 0.25 EPS for the current 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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