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DGII - Digi International Poised For Growth Despite Near-Term Earnings Slowdown
Digi International Inc.
2024-04-10 21:21:33 ET
Summary
Digi International's earnings have consistently increased since 2020, although they are expected to grow at a slower rate this year and next year.
It has initiatives that should reduce its costs and inventory, and improve its profitability.
While earnings this year and next year will be constrained, the share price should continue to rise.
Thesis
Over the past decade, Digi International Inc.’s ( DGII ) earnings have had some ups and downs. But, beginning in 2020, it has more consistently increased its earnings: