Welcome to our dedicated page for Digi Intl news (Ticker: DGII), a resource for investors and traders seeking the latest updates and insights on Digi Intl stock.
Digi International Inc. (NASDAQ: DGII) is a provider of Internet of Things (IoT) connectivity products, services, and solutions, and its news flow reflects developments across embedded connectivity, managed services, and cloud-based device management. The DGII news page aggregates announcements from Digi and its business units, giving investors and technology professionals a single place to review material updates.
Recent news releases highlight Digi’s participation in major industry events, product introductions, and strategic initiatives. Examples include announcements about embedded modules such as the Digi XBee 3 Global LTE Cat 4 cellular modem, infrastructure management solutions showcased at CES, and the launch of SmartSense ONE, a modular platform that unifies SmartSense and Jolt capabilities for monitoring, food safety, operations, and compliance.
The news feed also covers developments in managed connectivity, such as the Digi Ventus Managed Connectivity Solutions program for multi-carrier 5G services, as well as eSIM-related initiatives, including an SGP.32-compatible eSIM accessory and alignment with Simetric for validated eSIM orchestration. Security and compliance updates, such as SOC 2 Type 2 attestation for Digi Remote Manager and Digi Genesis, appear alongside quarterly and annual financial results and conference call announcements.
Visitors to this page can review how Digi and its subsidiaries, including SmartSense by Digi and Opengear, are expanding capabilities in areas like network resilience, distributed IoT visibility, and sensor-based monitoring. For anyone tracking DGII, this news section offers a focused view of product launches, segment growth, acquisitions, and platform enhancements that shape Digi’s role in the IoT connectivity landscape.
Opengear, a Digi International company (NASDAQ: DGII), has launched the CM8100, a new console manager that enhances network resilience. This device adds NetOps capabilities to existing Smart OOB features, enabling secure remote access and efficient management of IT infrastructure. Key features include hosting up to 48 devices, hardware-based TPM 2.0 security, and an open architecture REST API. The CM8100 aims to reduce downtime by providing IT personnel with reliable remote access, which can save significant costs associated with outages, often exceeding $100,000.
According to a recent survey commissioned by Opengear, 53% of network engineers and 52% of CIOs identify cybersecurity as their top risk in digital transformation strategies. The research highlights a significant rise in cyberattacks, with 61% of CIOs noting increased incidents compared to previous years. A notable 70% of network engineers emphasize security as a key focus area. Furthermore, 41% of CIOs prioritize cybersecurity investments for the upcoming year, marking it as critical for organizational growth. Opengear, a Digi International company, focuses on secure IT infrastructure management.
A recent survey commissioned by Opengear shows that 53% of network engineers and 52% of CIOs identify cybersecurity as a major risk in digital transformation. The survey reveals that 61% of CIOs experienced an increase in cyberattacks from 2020-21. 70% of network engineers prioritize security in networking, with 41% of CIOs viewing cybersecurity as a crucial investment for the next year. The findings underline the rising importance of cybersecurity in organizational strategies.
Digi International (NASDAQ: DGII) has launched the Digi IX30, a ruggedized industrial-grade cellular router designed for challenging environments. This innovative solution features Digi Remote Manager for managing devices and offers high connectivity options to enable Industry 4.0 applications across sectors like oil and gas, water utilities, and smart cities. The IX30 supports both public and private cellular networks, and is engineered to comply with Class 1, Division 2 and ATEX standards. It aims to reduce operational costs while enhancing performance in critical use cases.
Digi International has launched the Digi XBee Intelligent Edge Controller (IEC), designed to enhance industrial IoT connectivity and monitoring. This solution aims to bridge the gap between field devices and the cloud, offering improved asset control over various wireless networks. The IEC is compatible with 90% of existing industrial sensors and is particularly useful across industries such as energy, logistics, and agriculture. By simplifying integration with existing systems, Digi addresses cost and time challenges faced by companies in implementing SCADA systems.
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Digi International reported record quarterly revenues of $95 million, a 23% increase year-over-year, with a gross margin of 54.9%. The Annualized Recurring Revenue (ARR) surged 165% to $90 million. Net income per diluted share was $0.08, down from $0.09, while adjusted EPS rose 52% to $0.41. The company anticipates Q3 revenues between $94 million and $98 million, projecting continued growth despite supply chain challenges. Digi aims for $100 million in both ARR and quarterly revenues, showcasing strong demand and strategic investments.
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Digi International (NASDAQ: DGII) will announce its second fiscal quarter financial results on May 4, 2022, around 4:00 p.m. ET. CEO Ron Konezny and CFO Jamie Loch will host a conference call at 5:00 p.m. ET that same day to discuss the results and provide business updates. Participants can join through live webcasts or register for teleconference access. A replay will be available after the call. Digi, founded in 1985, specializes in Internet of Things (IoT) products, helping customers connect over 100 million devices.
Digi International (NASDAQ: DGII) expands its partnership with Giant Eagle, enhancing food safety through the deployment of 32,000 SmartSense digital temperature monitoring devices across 215 pharmacies and 175 grocery properties.
SmartSense's IoT solutions streamline compliance and improve operational efficiency, providing detailed data insights and analytics to monitor product freshness.
This collaboration reflects Giant Eagle's commitment to quality, leveraging digital technology to optimize safety and productivity within their facilities.