Tearsheet

Digi International (DGII)


Market Price (4/23/2026): $55.96 | Market Cap: $2.1 Bil
Sector: Information Technology | Industry: Communications Equipment

Digi International (DGII)


Market Price (4/23/2026): $55.96
Market Cap: $2.1 Bil
Sector: Information Technology
Industry: Communications Equipment

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 25%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 25%

Attractive yield
FCF Yield is 5.3%

Low stock price volatility
Vol 12M is 36%

Megatrend and thematic drivers
Megatrends include Automation & Robotics, Smart Grids & Grid Modernization, and Smart Buildings & Proptech. Themes include Factory Automation, Show more.

Trading close to highs
Dist 52W High is 0.0%, Dist 3Y High is 0.0%

Weak multi-year price returns
3Y Excs Rtn is -5.6%

Stock price has recently run up significantly
12M Rtn12 month market price return is 111%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.2%

Key risks
DGII key risks include [1] its reliance on third-party manufacturers and single-source component suppliers, Show more.

0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 25%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 25%
1 Attractive yield
FCF Yield is 5.3%
2 Low stock price volatility
Vol 12M is 36%
3 Megatrend and thematic drivers
Megatrends include Automation & Robotics, Smart Grids & Grid Modernization, and Smart Buildings & Proptech. Themes include Factory Automation, Show more.
4 Trading close to highs
Dist 52W High is 0.0%, Dist 3Y High is 0.0%
5 Weak multi-year price returns
3Y Excs Rtn is -5.6%
6 Stock price has recently run up significantly
12M Rtn12 month market price return is 111%
7 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.2%
8 Key risks
DGII key risks include [1] its reliance on third-party manufacturers and single-source component suppliers, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Digi International (DGII) stock has gained about 30% since 12/31/2025 because of the following key factors:

1. Exceeded Q1 Fiscal 2026 Financial Expectations.

Digi International reported its first fiscal quarter 2026 results, ending December 31, 2025, on February 4, 2026, significantly surpassing analyst expectations. The company recorded revenue of $122 million, an 18% increase year-over-year, exceeding estimates by 5.27%, and adjusted earnings per share (EPS) of $0.56, which was higher than the forecasted $0.55.

2. Robust Growth in Key Recurring Revenue Metrics.

The company demonstrated strong financial momentum, particularly in its recurring revenue streams. Annualized Recurring Revenue (ARR) grew by 31% year-over-year to $157 million in Q1 fiscal 2026, marking its fifth consecutive quarter of double-digit growth. Additionally, Adjusted EBITDA increased by 23% year-over-year to $32 million, achieving a new quarterly record for adjusted EBITDA margin at 25.8%.

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Stock Movement Drivers

Fundamental Drivers

The 29.4% change in DGII stock from 12/31/2025 to 4/22/2026 was primarily driven by a 25.1% change in the company's P/E Multiple.
(LTM values as of)123120254222026Change
Stock Price ($)43.2956.0029.4%
Change Contribution By: 
Total Revenues ($ Mil)4304494.3%
Net Income Margin (%)9.5%9.5%-0.3%
P/E Multiple39.449.325.1%
Shares Outstanding (Mil)3737-0.6%
Cumulative Contribution29.4%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 4/22/2026
ReturnCorrelation
DGII29.4% 
Market (SPY)-5.4%51.3%
Sector (XLK)9.8%49.3%

Fundamental Drivers

The 53.6% change in DGII stock from 9/30/2025 to 4/22/2026 was primarily driven by a 55.7% change in the company's P/E Multiple.
(LTM values as of)93020254222026Change
Stock Price ($)36.4656.0053.6%
Change Contribution By: 
Total Revenues ($ Mil)4214496.6%
Net Income Margin (%)10.1%9.5%-6.8%
P/E Multiple31.749.355.7%
Shares Outstanding (Mil)3737-0.7%
Cumulative Contribution53.6%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 4/22/2026
ReturnCorrelation
DGII53.6% 
Market (SPY)-2.9%45.0%
Sector (XLK)12.3%45.4%

Fundamental Drivers

The 101.2% change in DGII stock from 3/31/2025 to 4/22/2026 was primarily driven by a 72.1% change in the company's P/E Multiple.
(LTM values as of)33120254222026Change
Stock Price ($)27.8356.00101.2%
Change Contribution By: 
Total Revenues ($ Mil)4224496.4%
Net Income Margin (%)8.4%9.5%11.9%
P/E Multiple28.649.372.1%
Shares Outstanding (Mil)3737-1.8%
Cumulative Contribution101.2%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2025 to 4/22/2026
ReturnCorrelation
DGII101.2% 
Market (SPY)16.3%60.1%
Sector (XLK)53.8%58.0%

Fundamental Drivers

The 66.3% change in DGII stock from 3/31/2023 to 4/22/2026 was primarily driven by a 63.0% change in the company's Net Income Margin (%).
(LTM values as of)33120234222026Change
Stock Price ($)33.6856.0066.3%
Change Contribution By: 
Total Revenues ($ Mil)4134498.6%
Net Income Margin (%)5.8%9.5%63.0%
P/E Multiple50.049.3-1.5%
Shares Outstanding (Mil)3637-4.7%
Cumulative Contribution66.3%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2023 to 4/22/2026
ReturnCorrelation
DGII66.3% 
Market (SPY)63.3%49.1%
Sector (XLK)113.5%43.7%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
DGII Return30%49%-29%16%43%29%195%
Peers Return-4%-50%-52%128%10%40%-20%
S&P 500 Return27%-19%24%23%16%3%88%

Monthly Win Rates [3]
DGII Win Rate58%67%42%50%67%50% 
Peers Win Rate42%25%39%50%54%75% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
DGII Max Drawdown-9%-24%-40%-15%-23%-6% 
Peers Max Drawdown-28%-54%-68%-33%-47%-13% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-7% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: SMTC, CAMP, INSG, ADTN.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/22/2026 (YTD)

How Low Can It Go

Unique KeyEventDGIIS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-48.6%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven94.6%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven756 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-63.9%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven176.9%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven242 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-38.4%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven62.2%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven307 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-61.8%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven161.5%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven3,907 days1,480 days

Compare to SMTC, CAMP, INSG, ADTN

In The Past

Digi International's stock fell -48.6% during the 2022 Inflation Shock from a high on 8/1/2023. A -48.6% loss requires a 94.6% gain to breakeven.

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About Digi International (DGII)

Digi International Inc. provides business and mission-critical Internet of Things (IoT) products, services, and solutions in the United States and internationally. The company operates in two segments, IoT Products & Services and IoT Solutions. It offers cellular routers for mission-critical wireless connectivity; cellular modules to embed cellular communications abilities into the products to deploy and manage intelligent and secure cellular connected products; console servers to provide secure and remote access to network equipment in data centers and at edge locations; and radio frequency products, including embedded wireless modules, off-the-shelf gateways, modems, and adapters under the Digi XBee brand. The company provides embedded system products under the Digi Connect, ConnectCore, and Rabbit brands; and infrastructure management products, comprising of serial servers, which offers serial port-to-Ethernet integration of devices into wired Ethernet networks; and universal serial bus solutions. In addition, it offers Digi Remote Manager, a recurring revenue cloud-based service that provides a secure environment for customers to manage their connected device deployment; Digi Wireless Design Services; and SmartSense by Digi for monitoring wirelessly the temperature of food and other perishable or sensitive goods, monitor facilities or pharmacies by tracking the completion of operating tasks by employees, as well as quality control and incident management for food service, healthcare, and transportation/logistics industries. Further, the company provides professional services, such as site planning, implementation management, application development, and customer training; data plan subscriptions; and enhanced technical support services. Digi International Inc. was incorporated in 1985 and is headquartered in Hopkins, Minnesota.

AI Analysis | Feedback

They're like **Cisco for the Internet of Things**, building the specialized network infrastructure and remote management services for connected business assets.

They're like **Amazon Web Services (AWS)** for physical devices, providing the essential hardware and cloud platform for businesses to connect, monitor, and manage their real-world assets.

AI Analysis | Feedback

  • Cellular Routers: Products providing mission-critical wireless connectivity.
  • Cellular Modules: Components designed to embed cellular communication capabilities into other products.
  • Console Servers: Devices that enable secure, remote access to network equipment in data centers and edge locations.
  • Digi XBee Radio Frequency Products: A brand offering embedded wireless modules, off-the-shelf gateways, modems, and adapters.
  • Embedded System Products: Includes various embedded wireless modules and system-on-modules under brands like Digi Connect, ConnectCore, and Rabbit.
  • Infrastructure Management Products: Offers serial servers for integrating devices into wired Ethernet networks and universal serial bus solutions.
  • Digi Remote Manager: A recurring revenue cloud-based service for securely managing connected IoT device deployments.
  • SmartSense by Digi: A monitoring service for temperature, facilities, and tracking operational tasks across various industries.
  • Wireless Design Services: Provides specialized design and development assistance for wireless solutions.
  • Professional Services: Offers site planning, implementation management, application development, and customer training.
  • Data Plan Subscriptions: Recurring services for cellular data connectivity.
  • Enhanced Technical Support Services: Provides advanced technical assistance and support for their products and solutions.

AI Analysis | Feedback

Digi International (symbol: DGII) primarily sells its products, services, and solutions to other companies (Business-to-Business or B2B). The provided background information describes the types of industries and applications Digi International serves but does not list specific major customer companies by name.

Based on the company description, Digi International's customers are businesses that operate in or require solutions for:

  1. Industries requiring critical IoT monitoring and management: This includes companies in the food service, healthcare, and transportation/logistics sectors that utilize solutions like SmartSense by Digi for monitoring temperature, facility operations, quality control, and incident management for perishable goods or sensitive environments.
  2. Companies embedding wireless and cellular connectivity into their products: These customers use Digi's cellular modules, radio frequency products (Digi XBee), and embedded system products (Digi Connect, ConnectCore, Rabbit) to integrate secure cellular communications abilities into their own offerings.
  3. Businesses needing secure network infrastructure management: This category includes companies that deploy and manage intelligent and secure cellular connected products, require mission-critical wireless connectivity, or need secure and remote access to network equipment in data centers and at edge locations, utilizing Digi's cellular routers, console servers, and serial servers.

AI Analysis | Feedback

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AI Analysis | Feedback

Ron Konezny, CEO and President

Ron Konezny joined Digi International in December 2014 as President and Chief Executive Officer. Prior to Digi, he was Vice President of the Global Transportation and Logistics division of Trimble Navigation Limited. He served as General Manager of this division and as CEO of PeopleNet, Inc., after PeopleNet was acquired by Trimble in 2011. Konezny was a founder of PeopleNet, a telematics solutions provider for the transportation industry, where he held various executive positions including Chief Technology Officer, Chief Financial Officer, Chief Operating Officer, and from September 2007 until its acquisition by Trimble, Chief Executive Officer. He is a two-time Ernst & Young Entrepreneur of the Year® winner, receiving the award in the Technology category in 2009 as CEO of PeopleNet, and the Entrepreneur of the Year Heartland award in 2024 as President and CEO of Digi.

Jamie Loch, Executive Vice President, Chief Financial Officer, and Treasurer

Jamie Loch joined Digi International in May 2019. Before Digi, he was the CFO for Nilfisk, Inc., a provider of industrial cleaning solutions, where he focused on strategy development and profitability. Earlier in his career, Loch spent over 12 years in various executive roles at Honeywell, including vice president of sales and CFO for Honeywell Building Solutions America's division.

David Sampsell, Executive Vice President, Corporate Development, General Counsel & Corporate Secretary

David Sampsell serves as Executive Vice President, Corporate Development, General Counsel & Corporate Secretary.

Steve Ericson, President, Digi OEM Solutions

Steve Ericson joined Digi in 2000 and has held several leadership positions, including product management, global sales strategy and operations, and international sales. Before joining Digi, he spent 12 years at Honeywell in product management and leadership roles.

Brian Kirkendall, President, Digi Infrastructure Management

Brian Kirkendall joined Digi in 2019 as Senior Vice President of Product Management and became General Manager, Infrastructure Management in October 2020. His previous roles include Vice President of Global Product Development and Technology at Nilfisk, and executive leadership in product management, product development, and marketing for companies such as Polaris, Hoover, Little Tikes, and Step2.

AI Analysis | Feedback

Key Risks to Digi International (DGII)

  1. Rapid Technological Change and Obsolescence: The Internet of Things (IoT) market is characterized by continuous and rapid technological advancements, including new communication protocols, hardware platforms, and software solutions. Digi International's core offerings, such as its cellular routers, modules, and embedded systems, are susceptible to obsolescence if the company does not consistently innovate and adapt to evolving industry standards and customer demands. Failure to keep pace could diminish demand for its existing product lines and necessitate substantial research and development investments to maintain competitiveness.
  2. Intense Competition: The IoT sector is highly competitive and fragmented, featuring a diverse array of companies providing similar or alternative products and services. Digi International faces robust competition from both large, diversified technology enterprises and specialized IoT providers across its key segments, including wireless connectivity, embedded systems, and cloud-based IoT solutions. This competitive landscape can exert significant pressure on pricing, potentially reduce market share, and increase the difficulty in acquiring and retaining customers.
  3. Supply Chain Disruptions: As a significant portion of Digi International's business involves the provision of IoT hardware, including cellular routers, modules, and embedded systems, the company is inherently reliant on a complex global supply chain for components and manufacturing. Disruptions stemming from geopolitical events, natural disasters, trade restrictions, or widespread component shortages (e.g., semiconductors) could lead to elevated production costs, delays in product delivery, and an inability to fulfill customer orders, consequently impacting revenue and profitability.

AI Analysis | Feedback

The increasing vertical integration and ecosystem control exercised by major cloud and technology providers in the Internet of Things (IoT) space. These large players (e.g., Amazon, Microsoft, Google) are expanding their comprehensive IoT platforms from cloud services down to the edge, including device management, connectivity solutions, and even influencing hardware choices. This trend could marginalize independent providers of IoT hardware (cellular modules, embedded systems) and services (cloud-based device management like Digi Remote Manager, data plan subscriptions, specialized solutions like SmartSense) if these major players create closed ecosystems or offer highly integrated, subsidized alternatives that absorb or bypass Digi's offerings.

AI Analysis | Feedback

Digi International (NASDAQ: DGII) operates in significant and growing addressable markets for its Internet of Things (IoT) products, services, and solutions.

IoT Products & Services

  • Cellular Routers: The global cellular IoT gateway market, which includes cellular routers, was approximately USD 1.7 billion in 2024. This market is projected to see shipments grow at a compound annual growth rate (CAGR) of 8.3% from 6.2 million units in 2024 to 9.2 million units in 2029. More broadly, the global cellular IoT market was valued at USD 6.4 billion in 2024 and is expected to reach USD 28.7 billion by 2033, growing at a CAGR of 17.33% from 2025-2033. Other estimates for the cellular IoT market indicate a size of USD 8.02 billion in 2025, increasing to USD 53.24 billion by 2034 with a CAGR of 23.40% from 2026-2034.
  • Cellular Modules: The global IoT module market was valued at USD 20.83 billion in 2024 and is projected to grow at a CAGR of 23.3% during 2025–2034. Another report estimates the global IoT communication module market size at USD 6.91 billion in 2025, growing to USD 23.05 billion by 2035 with a CAGR of 12.7%. The cellular IoT module market specifically is estimated at USD 25.7 billion in 2025 and is projected to reach USD 210.4 billion by 2035, with a CAGR of 23.4%.
  • Radio Frequency Products (e.g., Digi XBee brand modules): These fall under the broader wireless sensors market. The global wireless sensors market was valued at USD 22.91 billion in 2024 and is predicted to grow to approximately USD 150.43 billion by 2034, expanding at a CAGR of 20.71% from 2025 to 2034. Other estimates place the global wireless sensors market at USD 16.1 billion in 2025, reaching USD 56.1 billion by 2034 with a CAGR of 14.44% from 2026-2034.

IoT Solutions

  • Digi Remote Manager (IoT Connectivity Management Platform): The global IoT connectivity management platform market was valued at USD 7.78 billion in 2023 and is projected to grow to USD 21.79 billion by 2029. Another source indicates it will grow from USD 9.07 billion in 2024 to USD 21.79 billion in 2029 with a CAGR of 20.8%. Additionally, the global IoT platforms market, which includes connectivity management, accounted for USD 16.11 billion in 2025 and is predicted to increase to approximately USD 49.17 billion by 2034, expanding at a CAGR of 13.20% from 2025 to 2034.
  • SmartSense by Digi (Wireless Monitoring Solutions): This service falls under the wireless sensors market, which, as mentioned above, was estimated at USD 22.91 billion globally in 2024 and is projected to reach USD 150.43 billion by 2034.
  • Professional Services: The global IoT professional services market size was valued at USD 195.26 billion in 2024 and is projected to reach USD 985.79 billion by 2033, growing at a CAGR of 19.71% during the forecast period (2025-2033). Another estimate places the market at USD 179.66 billion in 2025, growing to USD 342.03 billion by 2030 with a CAGR of 13.7%.

Specific addressable market sizes for 'console servers' and 'infrastructure management products (comprising serial servers and universal serial bus solutions)' were not available as distinct, standalone markets in the search results.

AI Analysis | Feedback

Digi International (DGII) is expected to drive future revenue growth over the next two to three years through several key strategies:

  1. Continued Growth in Annualized Recurring Revenue (ARR) and Solutions-Based Model: Digi International has made the expansion of its Annualized Recurring Revenue (ARR) a top strategic priority. The company is actively transitioning from a product-centric sales model to offering higher-margin, subscription-based software and services, aiming to double its ARR and adjusted EBITDA to $200 million within five years. This shift is anticipated to enhance both visibility and profitability.
  2. Strategic Acquisitions: Acquisitions are a significant driver for expanding Digi International's market presence and enhancing its solution offerings. Recent examples include the acquisitions of Jolt Software and Particle, which are expected to directly contribute to ARR growth and broaden the company's capabilities in IoT device management.
  3. Expansion in the Industrial IoT (IIoT) Market: Digi International is well-positioned to capitalize on the substantial and growing demand within the Industrial Internet of Things (IIoT) market. The company aims to broaden its customer base and serve diverse applications across various industrial verticals, providing secure, resilient, and easy-to-manage solutions for critical remote connectivity challenges.
  4. Ongoing Innovation and Development of New IoT Products and Services: The company is committed to continuous innovation and the development of new IoT products and services. This focus ensures that Digi International can address evolving customer needs, particularly in areas such as security, regulatory compliance, and technological advancements within the dynamic IoT landscape.

AI Analysis | Feedback

Share Repurchases

  • Digi International has not reported significant share repurchases in the last 3-5 years, as the company generally retains earnings to reinvest in the business and acquisitions.

Share Issuance

  • The company has significantly increased its outstanding common shares, growing from 29.16 million at the end of fiscal 2020 to 36.55 million by the end of fiscal 2024, representing a substantial 25.3% increase over four years.
  • In the event of future acquisitions, Digi International may issue stock, which could dilute current stockholders' percentage ownership.
  • The weighted average diluted share count for fiscal 2026 is anticipated to be 38.8 million shares.

Outbound Investments

  • Digi International acquired Jolt Software, Inc. in the fourth quarter of fiscal 2025 for approximately $148.5 million, funding it with $119 million in net new debt.
  • On January 27, 2026, the company acquired Particle Industries, Inc. for $50 million in cash, using its existing credit facility.
  • Acquisitions remain a top capital priority for Digi, with a focus on opportunities that enhance subscription-based recurring revenue.

Capital Expenditures

  • The company expects positive cash flows from operations to be sufficient to fund business operations and capital expenditures for the next twelve months and beyond.
  • Operating cash flow has been robust and growing, providing funds for operations and investment.
  • Increased depreciation of capitalized subscriber assets driven by customer deployments impacted operating margins in the IoT Solutions segment for fiscal 2025.

Better Bets vs. Digi International (DGII)

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Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

DGIISMTCCAMPINSGADTNMedian
NameDigi Int.Semtech Camp4 Th.Inseego Adtran  
Mkt Price56.00103.484.5615.1216.9516.95
Mkt Cap2.19.60.10.21.41.4
Rev LTM4491,05041661,084449
Op Inc LTM59123-535-165
FCF LTM111165-48-26161
FCF 3Y Avg8428-8318
CFO LTM114181-477130114
CFO 3Y Avg8748-166356

Growth & Margins

DGIISMTCCAMPINSGADTNMedian
NameDigi Int.Semtech Camp4 Th.Inseego Adtran  
Rev Chg LTM6.4%15.5%--13.1%17.5%10.9%
Rev Chg 3Y Avg2.9%11.7%--11.3%3.3%3.1%
Rev Chg Q17.9%9.3%-0.6%20.1%13.6%
QoQ Delta Rev Chg LTM4.3%2.3%26.4%0.2%4.7%4.3%
Op Inc Chg LTM20.2%97.7%-1.5%77.9%88.0%77.9%
Op Inc Chg 3Y Avg14.5%0.6%-75.5%-39.2%7.5%
Op Mgn LTM13.2%11.7%-1,402.4%2.8%-1.4%2.8%
Op Mgn 3Y Avg12.1%1.4%--4.6%-10.6%-1.6%
QoQ Delta Op Mgn LTM0.1%-0.5%382.7%-0.3%2.1%0.1%
CFO/Rev LTM25.4%17.3%-1,239.7%4.3%12.0%12.0%
CFO/Rev 3Y Avg19.9%4.3%-8.4%6.5%7.4%
FCF/Rev LTM24.8%15.7%-1,254.0%-1.3%5.6%5.6%
FCF/Rev 3Y Avg19.2%2.1%-4.1%0.7%3.1%

Valuation

DGIISMTCCAMPINSGADTNMedian
NameDigi Int.Semtech Camp4 Th.Inseego Adtran  
Mkt Cap2.19.60.10.21.41.4
P/S4.79.132.71.41.24.7
P/Op Inc35.377.8-2.349.4-86.835.3
P/EBIT35.4-2,224.8-2.345.9-113.7-2.3
P/E49.3-237.5-2.3276.9-29.7-2.3
P/CFO18.452.9-2.632.310.418.4
Total Yield2.0%-0.4%-42.9%0.4%-3.4%-0.4%
Dividend Yield0.0%0.0%0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg6.8%-1.9%-3.1%-0.3%1.4%
D/E0.10.10.10.20.20.1
Net D/E0.10.0-0.60.10.10.1

Returns

DGIISMTCCAMPINSGADTNMedian
NameDigi Int.Semtech Camp4 Th.Inseego Adtran  
1M Rtn12.9%35.2%-2.8%33.7%40.4%33.7%
3M Rtn29.7%29.1%1.3%28.6%82.5%29.1%
6M Rtn45.1%58.9%36.9%7.6%84.0%45.1%
12M Rtn111.4%319.1%133.8%99.7%126.9%126.9%
3Y Rtn72.5%399.9%-57.5%130.1%80.6%80.6%
1M Excs Rtn4.4%26.8%-11.2%25.2%32.0%25.2%
3M Excs Rtn25.8%25.3%-2.5%24.8%78.6%25.3%
6M Excs Rtn37.4%45.0%37.0%-2.9%78.7%37.4%
12M Excs Rtn76.3%286.8%101.6%79.2%97.7%97.7%
3Y Excs Rtn-5.6%283.1%-129.4%56.5%2.1%2.1%

Comparison Analyses

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Financials

Segment Financials

Assets by Segment
$ Mil20252024202320222021
Internet of Things (IoT) Solutions4114204298087
Internet of Things (IoT) Products & Services377384390387388
Unallocated28323515254
Total815836854620529


Price Behavior

Price Behavior
Market Price$56.00 
Market Cap ($ Bil)2.1 
First Trading Date03/26/1990 
Distance from 52W High0.0% 
   50 Days200 Days
DMA Price$50.47$41.39
DMA Trendupup
Distance from DMA11.0%35.3%
 3M1YR
Volatility36.2%36.1%
Downside Capture0.080.40
Upside Capture250.39159.08
Correlation (SPY)48.8%44.6%
DGII Betas & Captures as of 3/31/2026

 1M2M3M6M1Y3Y
Beta2.031.611.521.241.281.39
Up Beta0.85-1.53-0.470.391.321.42
Down Beta2.062.242.201.381.251.21
Up Capture341%303%234%213%188%291%
Bmk +ve Days7162765139424
Stock +ve Days9213469136386
Down Capture138%119%107%100%105%109%
Bmk -ve Days12233358110323
Stock -ve Days12202856114358

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with DGII
DGII118.2%36.1%2.23-
Sector ETF (XLK)69.4%20.7%2.4442.9%
Equity (SPY)26.7%12.5%1.7745.5%
Gold (GLD)38.9%27.4%1.195.0%
Commodities (DBC)23.5%16.2%1.322.7%
Real Estate (VNQ)15.6%13.6%0.8228.4%
Bitcoin (BTCUSD)-12.8%42.6%-0.2134.5%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with DGII
DGII24.9%40.7%0.66-
Sector ETF (XLK)18.0%24.7%0.6548.3%
Equity (SPY)10.5%17.1%0.4851.8%
Gold (GLD)21.5%17.8%0.9911.2%
Commodities (DBC)10.7%18.8%0.4713.2%
Real Estate (VNQ)3.6%18.8%0.0939.9%
Bitcoin (BTCUSD)3.8%56.4%0.2923.8%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with DGII
DGII20.0%44.1%0.57-
Sector ETF (XLK)23.0%24.3%0.8644.2%
Equity (SPY)13.8%17.9%0.6649.0%
Gold (GLD)13.9%15.9%0.737.8%
Commodities (DBC)8.1%17.6%0.3818.6%
Real Estate (VNQ)5.4%20.7%0.2339.3%
Bitcoin (BTCUSD)68.1%66.9%1.0714.0%

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Short Interest

Short Interest: As Of Date3312026
Short Interest: Shares Quantity1.9 Mil
Short Interest: % Change Since 31520265.8%
Average Daily Volume0.3 Mil
Days-to-Cover Short Interest5.4 days
Basic Shares Quantity37.4 Mil
Short % of Basic Shares5.1%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
2/4/2026-3.9%-0.3%4.9%
11/12/20257.1%10.7%25.6%
8/6/20250.5%8.8%8.6%
5/7/202514.1%18.5%21.8%
2/5/202517.3%13.2%-4.9%
11/13/2024-0.9%-1.3%3.7%
8/7/202418.9%18.5%16.9%
5/1/2024-17.0%-14.1%-20.7%
...
SUMMARY STATS   
# Positive151418
# Negative9106
Median Positive11.0%11.4%8.3%
Median Negative-4.6%-3.5%-10.4%
Max Positive18.9%21.2%30.8%
Max Negative-17.0%-25.7%-20.7%

SEC Filings

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Report DateFiling DateFiling
12/31/202502/04/202610-Q
09/30/202511/21/202510-K
06/30/202508/06/202510-Q
03/31/202505/07/202510-Q
12/31/202402/05/202510-Q
09/30/202411/22/202410-K
06/30/202408/07/202410-Q
03/31/202405/03/202410-Q
12/31/202302/02/202410-Q
09/30/202311/22/202310-K
06/30/202308/04/202310-Q
03/31/202305/05/202310-Q
12/31/202202/03/202310-Q
09/30/202211/23/202210-K
06/30/202208/05/202210-Q
03/31/202205/06/202210-Q

Recent Forward Guidance [BETA]

Latest: Q1 2026 Earnings Reported 2/4/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q2 2026 Revenue124.00 Mil126.00 Mil128.00 Mil  Higher New
Q2 2026 Adjusted EBITDA31.50 Mil32.25 Mil33.00 Mil  Higher New
Q2 2026 Adjusted EPS0.560.570.59  Higher New
2026 ARR Growth 23.0% 130.0% RaisedGuidance: 10.0% for 2026
2026 Revenue Growth14.0%16.0%18.0%28.0%3.5%RaisedGuidance: 12.5% for 2026
2026 Adjusted EBITDA Growth17.0%19.0%21.0%8.6%1.5%RaisedGuidance: 17.5% for 2026

Prior: Q4 2025 Earnings Reported 11/12/2025

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q1 2026 Revenue114.00 Mil116.00 Mil118.00 Mil   
Q1 2026 Adjusted EBITDA28.50 Mil29.25 Mil30.00 Mil   
Q1 2026 Adjusted EPS0.530.550.57   
2026 ARR Growth 10.0% 0.0% AffirmedGuidance: 10.0% for 2025
2026 Revenue Growth10.0%12.5%15.0%  RaisedGuidance: 0.0% for 2025
2026 Adjusted EBITDA Growth15.0%17.5%20.0%133.3% RaisedGuidance: 7.5% for 2025