Welcome to our dedicated page for Digi International news (Ticker: DGII), a resource for investors and traders seeking the latest updates and insights on Digi International stock.
Digi International Inc. (DGII) is a leading global provider specializing in machine-to-machine (M2M) and Internet of Things (IoT) connectivity products and services. Headquartered in Minnesota, Digi International has been a cornerstone in the field since its foundation in 1985. The company is committed to helping customers create next-generation connected products and manage critical communications infrastructures in demanding environments.
Digi International operates through two primary segments: IoT Products and Services and IoT Solutions. The IoT Products and Services segment focuses on delivering distinct communications products and communication product development services. This includes embedded modules, off-the-shelf routers, gateways, and network products that are known for their relentless reliability and exceptional performance and security.
The IoT Solutions segment caters to different needs by offering wireless temperature and environmental condition monitoring services, as well as employee task management services. This allows customers to efficiently manage their connected products and assets across a broad range of mission-critical industry applications.
Over the years, Digi International has successfully connected over 100 million devices, showcasing its extensive experience and capability in the field. The company's cloud-based software and professional services are designed to enhance the operational efficiency of its clients' connected assets. Digi's product offerings are aimed at industries that require high levels of reliability and security in their communication networks.
Geographically, Digi International generates a significant portion of its revenue from its operations in the United States. Additionally, the company has a notable presence in Europe, the Middle East, Africa, and other parts of the world. This broad geographical footprint allows Digi to serve a diverse range of customers and industries globally.
Recent Achievements and Current Projects:
- Continued expansion of IoT connectivity solutions to meet the evolving needs of various industries.
- Development of new embedded modules and off-the-shelf routers to enhance communication reliability and security.
- Investments in cloud-based software to provide better data management and analytics capabilities for clients.
- Strategic partnerships with key technology providers to drive innovation and deliver comprehensive solutions.
Whether it's through their industry-leading products or their commitment to customer success, Digi International Inc. remains at the forefront of M2M and IoT innovations.
Digi International (NASDAQ: DGII) will report its financial results for Q1 2022 on Wednesday, February 2, 2022, after market close, around 4:00 p.m. ET. CEO Ron Konezny and CFO Jamie Loch will host a conference call at 5:00 p.m. ET to discuss the results and provide business insights. Participants can access the call via a live webcast on Digi's investor relations website or via teleconference after registration. A replay will be available for one week post-call. Digi is a key player in IoT solutions, having connected over 100 million devices since its founding in 1985.
Digi International, a leader in IoT connectivity, is set to showcase its innovations at CES 2022, specifically at booth 10239. The company will unveil the Digi EX50 5G router, demonstrate the Digi XBee Earth Rover, and present advancements in precision agriculture technologies. Recognized as a CES 2022 Innovation Awards honoree, Digi's CTO will participate in the IMC Smart Cities panel on January 6. Additionally, Digi's acquisition of Ventus Holdings aims to enhance its network service offerings. For more details, visit www.digi.com.
Digi International (NASDAQ: DGII) has launched the Connect EZ®, a family of device servers enhancing connectivity for business and industrial applications. This innovative solution features the Digi Navigator™ discovery tool and integrates with the Digi Accelerated Linux (DAL) operating system, facilitating reliable and easy device management. Connect EZ offers numerous benefits including improved intelligence, scalability, security, and connectivity options over cellular and Wi-Fi. Additionally, the AnywhereUSB Plus has been updated to support Wi-Fi capabilities. Both products are now available for purchase.
Digi International (NASDAQ: DGII) has appointed ISMOsys as its pan-European sales representative covering the DACH region, Nordics, Italy, France, and the U.K. ISMOsys will promote a wide range of Digi’s products, including Digi ConnectCore and Digi XBee RF modules, along with complementary support services. This partnership aims to leverage ISMOsys's extensive market knowledge to enhance Digi's reach in IoT connectivity solutions, catering to industrial, medical, and smart city applications. The collaboration reflects both companies' commitment to advancing customer connectivity solutions.
Digi International (Nasdaq: DGII) reported financial results for Q4 FY2021, with revenues reaching $79.1 million, an increase of 8.1% year-over-year. Gross margins improved to 53.9%, up from 51.3%. However, net income per diluted share fell to $0.13, a 13.3% decline, while adjusted EPS decreased to $0.25. For FY2021, total revenue increased to $308.6 million, up 10.5%. The company anticipates Q1 FY2022 revenues of $81 million to $85 million, reflecting 11% to 16% growth.
Digi International has announced the acquisition of Ventus Holdings for
Digi International (NASDAQ: DGII) has appointed TOPAS electronic AG as its distributor in Germany, Switzerland, and Austria.
This strategic partnership will enhance the availability of Digi's connectivity products such as Digi ConnectCore and Digi XBee RF modules, which are crucial for IoT applications across various industries.
TOPAS, renowned for its market expertise, aims to simplify design processes and accelerate time to market for customers, thereby enhancing operational efficiency.
Digi International (NASDAQ: DGII) will release its financial results for Q4 and fiscal year 2021 on November 10, 2021, post-market at 4:00 p.m. ET. CEO Ron Konezny and CFO Jamie Loch will host a conference call at 5:00 p.m. ET to discuss the results and provide updates. Participants can join via a live webcast on Digi's investor relations site or through a designated conference call number. A replay will be available shortly after the call, lasting for a week. For more details, visit www.digi.com.
FAQ
What is the current stock price of Digi International (DGII)?
What is the market cap of Digi International (DGII)?
What does Digi International Inc. specialize in?
When was Digi International Inc. founded?
What are the main segments of Digi International Inc.?
Where is Digi International Inc. headquartered?
What products does the IoT Products and Services segment offer?
What services are provided under the IoT Solutions segment?
How many devices has Digi International connected?
What regions does Digi International Inc. operate in?
What recent achievements has Digi International Inc. made?
What is the main revenue source for Digi International Inc.?
