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:
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Digi International Poised For Growth Despite Near-Term Earnings Slowdown