Market Overview

UPDATE: Canaccord Genuity Initites Digi International at Hold on Legacy Business Drag


Canaccord Genuity initiated coverage on Digi International (NASDAQ: DGII) with a Hold rating and a $9.34 price target.

Canaccord Genuity commented, "With Digi's leading M2M hardware offerings and integrated iDigi device cloud application enablement platform (AEP), we believe Digi is well positioned to benefit from strong M2M industry growth trends longer term. However, due to our expectations for declining sales in Digi's legacy wired solutions business,we believe it could take until F2014 for Digi's investments in slower growing M2M verticals such as energy and medical and its Etherios acquisition to result in re-accelerating sales and earnings growth. While we believe Digi is potentially a compelling investment for longer-term investors, we initiate coverage with a HOLD rating and $10 price target.

Digi International closed at $9.34 on Monday.

Latest Ratings for DGII

Feb 2020Sidoti & Co.UpgradesNeutralBuy
Nov 2019Sidoti & Co.DowngradesBuyNeutral
Nov 2019BairdInitiates Coverage OnOutperform

View More Analyst Ratings for DGII
View the Latest Analyst Ratings

Posted-In: Canaccord GenuityAnalyst Color Initiation Intraday Update Analyst Ratings


Related Articles (DGII)

View Comments and Join the Discussion!

Latest Ratings

GRPNMorgan StanleyMaintains1.5
HMSYCantor FitzgeraldReiterates33.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at