Digi International Q3 Revenue Beats by 5%, Raises Full-Year Guidance
DGII has more than doubled off its 52-week low of $30.69.
Summary
Digi International delivered a strong fiscal Q3, with revenue of $138.67M beating the $132.39M consensus and adjusted EPS of $0.75 topping estimates by $0.08. Organic demand and contributions from the Particle and Jolt acquisitions drove the 29% revenue surge. Management raised its full-year outlook significantly: revenue guidance now $529M-$533M (up from $520M-$527M) and adjusted EBITDA to $146M-$147.5M (from $129M-$133M), while ARR growth is now expected at least 27% versus the prior 25%. The stock is trading near its 52-week high, and this beat-and-raise quarter reinforces the growth narrative. The CFO's $6.9M stock sale in June is a minor offset, but the raised guidance suggests underlying momentum remains robust.
At the time of this announcement, DGII was trading at $72.75 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.7B. The 52-week trading range was $30.69 to $76.41. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.