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$DGII has 52 high marked all over it’
Minnesota-based Digi International is a leading global provider of Internet of Things (IoT) connectivity products, services and solutions. The company, carrying a Zacks Rank #2, should gain from a strong uptick in its advanced IoT connectivity products. It should benefit from the rebound in its SmartSense IoT Solutions and synergies of the Opengear buyout.
The company has expected earnings growth of 53.6% for the current fiscal year. The consensus estimate for earnings for the current fiscal has also been revised 13.2% upward over the last 60 days. The company has also surpassed the Zacks Consensus Estimate in three of the trailing four quarters, the average being 546.9%. It also has an estimated long-term earnings growth rate of 14.5%.