Digi International traded at $55.43 this Friday November 13th, decreasing $3.01 or 5.15 percent since the previous trading session. Looking back, over the last four weeks, Digi International lost 22.33 percent. Over the last 12 months, its price rose by 44.42 percent. Looking ahead, we forecast Digi International to be priced at 54.18 by the end of this quarter and at 50.61 in one year, according to Trading Economics global macro models projections and analysts expectations.
Digi International Inc. is a provider of Internet-of-Things (IoT) connectivity products, services and solutions. The Company two businesses include IoT Products & Services and IoT Solutions. Its IoT Products & Services business operates through four segments: Cellular Routers, Console Servers, OEM Solutions and Infrastructure Management. Cellular Routers segment provides fully enclosed box devices, which provides connectivity typically in a place where the device can be plugged in exclusively using cellular communications. Console Servers segment is similar to cellular routers except they are exclusively for edge computing installations and data center applications exclusively using cellular communications. OEM Solutions segment provides Original Equipment Manufacturers (OEM) solutions. This comes in the form of a stand-alone chip, or from a systems-on-module (SOMs). Infrastructure Management segment includes battery operated, cellular enabled connect sensors