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.
Overview
Digi International Inc (DGII) is a Minnesota-based corporation specializing in mission-critical and business-critical connectivity solutions. With expertise in IoT connectivity and machine-to-machine communications, Digi International delivers innovative products and services designed for demanding environments across a wide array of industry applications. The company is renowned for its reliable embedded modules, off-the-shelf routers, gateways, and network products that form the backbone of critical communications infrastructures.
Business Segments
Digi International operates primarily through two segments:
- IoT Products & Services: This segment includes a diverse range of communication products specially engineered for relentless reliability and performance. It also integrates communication product development services, ensuring that customers have access to advanced technology solutions that are both secure and tailored to their specific operational requirements.
- IoT Solutions: In addition to its hardware portfolio, Digi offers comprehensive IoT solutions that provide wireless monitoring of environmental conditions—such as temperature and humidity—and employee task management services. These solutions are designed to facilitate efficient management of assets and operations, enabling businesses to optimize performance in real time.
Mission-Critical Performance and Security
Digi International is synonymous with unwavering reliability and top-tier security. The company’s products are engineered to perform under the harshest conditions, making them a critical component in sectors where uninterrupted connectivity is paramount. The emphasis on mission-critical performance is evident in the robust design and functionality of its devices, ensuring that customers receive consistent, secure communications even in the most challenging operational settings.
Cloud Integration and Professional Services
The evolution of IoT has necessitated seamless integration with cloud-based platforms and advanced software solutions. Digi International addresses this need by offering cloud-integrated software and a suite of professional services that help customers maximize the potential of their connected assets. These services assist in deploying, managing, and monitoring complex connectivity infrastructures, thereby adding a significant strategic advantage for businesses aiming to enhance operational efficiency.
Market Position and Global Reach
With a strong presence in the United States and growing influence in the Europe, Middle East & Africa region as well as other international markets, Digi International is well-positioned within the competitive IoT landscape. The company’s embedded technologies and network products serve a broad range of industries, from manufacturing and logistics to healthcare and environmental monitoring. By consistently delivering reliable solutions, the company has established itself as an essential partner for businesses that demand remote connectivity and constant communication flow.
Competitive Differentiation
Digi International differentiates itself through its deep technological expertise and a long-standing commitment to quality and innovation. The company’s history, dating back to 1985, is a testament to its resilience and ability to adapt to evolving market demands. Unlike many competitors that may rely on a single product line, Digi International’s multifaceted approach—combining hardware excellence with state-of-the-art software and professional services—ensures that customers benefit from a holistic connectivity solution curated to meet rigorous industry standards.
Industry Expertise and Applications
The company’s solutions are built to support a wide array of mission-critical applications. Whether it is facilitating data-driven operations in automated manufacturing, ensuring continuous environmental monitoring in logistics, or enhancing task management strategies in workforce-intensive environments, Digi International’s offerings are tailored to meet specialized needs. The integration of its IoT products with cloud-based management tools exemplifies how the company bridges the gap between physical devices and digital intelligence.
Reliable Partner for Connected Operations
By consistently focusing on reliability, security, and innovation, Digi International has cemented its role as a reliable partner for businesses looking to harness the full potential of connected technologies. Its commitment to quality is reflected in every product and service, ensuring that even the most demanding industries can rely on its solutions to maintain sound operational continuity.
Summary
Digi International Inc is a comprehensive provider of connectivity products and IoT solutions, committed to delivering unmatched performance and security in mission-critical applications. With a strategic mix of hardware excellence, integrated cloud solutions, and value-added professional services, Digi International continues to provide the infrastructure necessary for next-generation connected operations. This robust approach not only reinforces its market position but also ensures that customers across various sectors receive dependable, forward-thinking solutions that are crafted to meet the rigorous demands of today’s complex operational environments.
Digi International (NASDAQ: DGII) will announce its financial results for Q1 2021 on February 3, 2021, at 4:00 p.m. ET. Following the results, CEO Ron Konezny and CFO Jamie Loch will conduct a conference call at 5:00 p.m. ET to discuss the findings and provide a business update. Interested participants can access the live webcast via Digi's investor relations section or join by phone. A replay will be available for one week post-call. Digi International specializes in IoT products, helping clients manage critical communications infrastructures since 1985.
Digi International (NASDAQ: DGII) announced that CEO Ron Konezny and CFO Jamie Loch will host investor calls during a Non-Deal Roadshow on December 17, 2020, organized by Colliers International Securities. This event aims to provide insights into Digi's IoT products and services, which have connected over 100 million devices globally. For further details or to schedule meetings, interested parties should contact their Colliers representative. Digi continues to enhance its position in the IoT sector by delivering secure and reliable connectivity solutions.
SmartSense by Digi, a division of Digi International (NASDAQ: DGII), announced its collaboration with Hugo's Family Marketplace to enhance food safety through automated monitoring solutions. The supermarket chain, which operates in North Dakota and Minnesota, will implement SmartSense's temperature sensors and gateways at its upcoming 11th location. This technology will enable continuous monitoring and improve operational visibility. By digitizing processes, Hugo's aims to save time and reduce costs associated with manual checks, ultimately enhancing the customer experience and food safety management.
Digi International Inc. (Nasdaq: DGII) reported its fourth quarter and full fiscal year 2020 results, showcasing a 12.6% revenue increase to $73.2 million and a 93.9% rise in net income to $4.4 million. For the fiscal year, revenues grew 9.9% to $279.3 million, although net income fell 15.5% to $8.4 million. Adjusted EPS improved in both periods, reaching $0.32 for Q4 and $0.98 for the full year. The company highlighted its Opengear acquisition as a key growth driver, while cautioning against future guidance due to ongoing COVID-19 uncertainties.
Digi International has launched the Digi IX10, an industrial router designed for cost-effective connectivity in environments like digital signage and unattended retail. This device features global LTE Category 4 connectivity and is built for rugged conditions, fully integrating with Digi Remote Manager for enhanced device management and security through Digi TrustFence. The IX10 supports RS-232/485 and Modbus protocols, offering dual SIM slots for reliable connectivity. It is currently available in various regions, with further certifications ongoing.
Digi International (NASDAQ: DGII) has announced its schedule for upcoming virtual investor conferences in November 2020. CEO Ron Konezny and CFO Jamie Loch will participate in three conferences: the Baird Global Industrial Conference on November 11, the Roth Technology Conference on the same day, and the Craig-Hallum's 11th Annual Alpha Select Conference on November 17. These events will facilitate discussions about the company's IoT products and services, aimed at enhancing connectivity and communication infrastructures for customers.
SmartSense by Digi, the IoT Solutions division of Digi International (NASDAQ: DGII), announced that its monitoring solutions comply with CDC guidelines for COVID-19 vaccine handling. These solutions support the entire vaccine cold chain, ensuring proper temperature management. SmartSense collects over 10 million sensor readings daily across 28,000 retail pharmacy locations. The technology protects more than $2 billion in refrigerated inventory, preparing for vaccine distribution. Continuous temperature monitoring is mandated for pharmacies, and SmartSense’s technology is ready to support ultra-cold vaccine conditions.
Digi International (NASDAQ: DGII) will announce its fourth fiscal quarter and year-end 2020 financial results on November 12, 2020, after market close. A conference call hosted by CEO Ron Konezny and CFO Jamie Loch will follow at 5:00 p.m. ET. Investors can join the call via a live webcast on Digi's investor relations page or by phone. The replay will be available for one week after the call. Digi specializes in Internet of Things solutions, having connected over 100 million devices since its founding in 1985.
Digi International (NASDAQ: DGII) and Assured Wireless Corporation (AWC) have partnered to enhance the Digi TX54 LTE router product line by integrating AWC's Power Class 1 High-Power User Equipment (HPUE). This collaboration aims to improve data throughput and connectivity for mission-critical applications, supporting first responders with reliable, high-quality wireless communication. The Digi TX54 routers feature advanced capabilities, including dual LTE-Advanced interfaces, ensuring consistent performance in challenging environments.
Digi International (NASDAQ: DGII) has formed a strategic partnership with Convergia to enhance IoT connectivity solutions. This collaboration combines Digi's enterprise-class LTE cellular routers and management software with Convergia's unlimited high-speed wireless data plans, aimed at providing primary and backup internet access via SD-WAN technology. Businesses can implement these solutions quickly, enabling rapid deployment in remote locations. The partnership aims to simplify complex internet connectivity needs while delivering speeds of up to 100 Mbps.
FAQ
What is the current stock price of Digi Intl (DGII)?
What is the market cap of Digi Intl (DGII)?
What primary solutions does Digi International offer?
How is Digi International organized in terms of business segments?
What industries benefit from Digi International's solutions?
How does Digi International ensure reliability and security?
What regions does Digi International primarily operate in?
How does Digi International differentiate itself from competitors?
What type of applications are supported by Digi International’s solutions?
How does Digi International integrate with cloud technologies?
