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Why You Shouldn't Bet Against Digi International (DIGI) Stock

Zacks Equity Research
Updated

One stock that might be an intriguing choice for investors right now is Digi International Inc. DGII. This is because this security in the Computer Networks space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in Computer Networks space as it currently has a Zacks Industry Rank of 35 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, Digi International is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

DIGI INTL INC Price and Consensus

DIGI INTL INC Price and Consensus | DIGI INTL INC Quote

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In fact, over the past month, current year estimates have risen from 40 cents per share to 45 cents per share. This has helped DGII to earn a Zacks Rank #2 (Buy), further underscoring the company’s solid position.

So, if you are looking for a decent pick in a strong industry, consider Digi International. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
DIGI INTL INC (DGII): Free Stock Analysis Report
 
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Zacks Investment Research