Revenue Update on Digi International(NASDAQ:DGII)

Digi International(NASDAQ:DGII) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $52.13M. Analysts estimated a revenue of $52.60M. Earnings per share were $0.15. Analysts had estimated an EPS of $0.10.

Digi International (DGII) made into the market gainers list on Thursdays trading session with the shares advancing 1.52% or 0.17 points. Due to strong positive momentum, the stock ended at $11.33, which is also near the day’s high of $11.42. The stock began the session at $11.07 and the volume stood at 55,639 shares. The 52-week high of the shares is $13.525 and the 52 week low is $7.7. The company has a current market capitalization of $293 M and it has 2,58,72,329 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 26, 2016, Tracy L. Roberts (VP, HR & Information Tech) sold 20,000 shares at $11.25 per share price.Also, On May 17, 2016, Kevin C. Riley (Chief Operating Officer) sold 20,000 shares at $11.16 per share price.On Nov 9, 2015, David H. Sampsell (VP, Gen. Counsel & Corp. Sec.) purchased 1,000 shares at $12.81 per share price, according to the Form-4 filing with the securities and exchange commission.

Digi International Inc. (Digi) is a provider of machine-to-machine (M2M) networking hardware and solutions. The Company’s solutions are aimed at connection monitoring and control of local or remote physical assets by electronic means. The networking products and solutions can connect communication hardware to a physical asset convey information about the asset’s status and performance to a computer system and then use that information to improve or automate one or more processes. Digi’s solutions are used in wireless networks as wireless networking technologies. The Company’s solutions portfolio includes wireless and wired hardware products and services and solutions including professional consulting services product design and development services the Device Cloud by Etherios (Device Cloud) which is a platform as-a-service (PAAS) offering and application development services.

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