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) 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.
Digi International has launched the Digi TX64 5G Rail, a high-performance cellular router tailored for rail-transit applications. This router features 5G connectivity with 4G failover, rail-grade certifications, and seamless integration with Digi’s Remote Manager for efficient network management. The device enhances operational efficiency through geofencing alerts and supports various applications such as fare collection and passenger internet access. Its rugged design ensures reliability in challenging environments, with capabilities including centralized management and advanced security through Digi TrustFence.
Digi International (NASDAQ: DGII) has launched my.digi.com, new customer and partner portals enhancing support for IoT solutions. The platform provides real-time assistance with resources like training videos, product compliance info, and customizable sales tools. CEO Ron Konezny emphasized the portal's role in facilitating access to expert support, streamlining the user experience. The initiative reflects Digi's commitment to innovation in IoT markets, aimed at maintaining competitive advantage for its partners and customers.
According to a survey by Opengear, 87% of network professionals report increased investments in NetOps over the past two years. Nearly half (48%) have boosted their spending by 50% or more. NetOps 2.0 is seen as vital for network management, with 97% of respondents rating it as important for infrastructure planning. Key drivers for this trend include digital transformation (23%) and performance improvements (17%). Opengear's president forecasts continued growth in NetOps spending driven by the need for agility and cost savings.
Opengear's latest research highlights that 41% of network professionals use NetOps to enhance network security. Additionally, 44% of those utilizing an independent management plane report improved security as a key benefit. Despite these advancements, access rights and permissions raise concerns, with only half of network engineers having access to the management plane. The survey also reveals that 39% of organizations with SD-WAN deployment leverage multilayer security to prevent downtime.
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