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DGII - Digi International Inc News Story

$17.72 0.0  0.0%

Last Trade - 04/03/21

Sector
Technology
Size
Mid Cap
Market Cap £378.9m
Enterprise Value £376.2m
Revenue £208.8m
Position in Universe 3378th / 6647

BUZZ-Digi International: Rises on upbeat Q4, increase in PTs

Fri 13th November, 2020 2:18pm
** Shares of IoT connectivity products maker  DGII.O  up
2.86% at $18 premarket after Q4 results beat estimates 
    ** Q4 helped by acquisition of IT infrastructure provider
Opengear and its IoT Solutions business returning to growth with
addition of several enterprise customers  urn:newsml:reuters.com:*:nBw5XJMgJa
    ** Canaccord Genuity and Craig-Hallum raise PTs of stock by
$3 to $27 and $3 to $22, respectively   
    ** Craig Hallum says demand for co's cold chain sensors will
rise going forward driving strong recurring revenue as DGII is
working with largest retail pharmacies, hospitals, clinics and
transportation cos for handling COVID-19 vaccines 
    ** 6/7 brokerages rate stock "buy" or higher and 1 "hold";
median PT is $21.5 - Refinitiv Data
    ** Stock has fallen 1.2% YTD

 (Reporting by Amal S in Bengaluru)
 ((Amal.S@thomsonreuters.com; within U.S.+1 646 223 8780;
outside U.S. +91 80 6749 3677;))
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