Digi Intl (DGII) reported results after the bell tonight that were a bit better than what analysts expected. The company reported a non GAAP Q3 EPS of $0.09, 2 cents better than the analyst estimate of $0.07. Revenue for the quarter was $47.2 million, which was a bit higher than the estimate of $46.90 million. Those numbers were about inline with what they posted a year ago and incrementally better than the previous quarter. All … Read the rest
Tag Archives: digi international
Digi International (DGII) Scandal: CFO Resigns Amid Investigation
I missed the news last Friday that the CFO of Digi International (DGII) had resigned amid a corporate investigation. More details are emerging. The investigation centers around a possible violation of its entertainment and travel policies overseas with a few employees. Jet setting and strip clubs?
Seems more serious. The company has notified the US Dept of Justice and the SEC about the probe which may include a violation of the Foreign Corrupt Practices Act … Read the rest
Digi Intl (DGII) Beats Estimates – A Smart Grid Play To Watch
Put Digi International (DGII) on your radar, particularly tomorrow morning. This is a smart grid play to keep an eye on and continues to look quite bullish. They don’t generate a lot of revenue yet from smart grid deployments, but that should change in the years to come. Itron (ITRI) is using their technology.. enough said. The stock has been running up since last December with volume and recently broke out to a new … Read the rest
Green Energy Details of Economic Stimulus Package
Now that Congress has approved the economic stimulus package (aka the American Recovery & Reinvestment Act) with Obama expected to sign it into law on Tuesday I thought I’d give a run down of what’s in this bill related to green energy initiatives.
Overall, nearly 10% of the entire bill provides funding and tax credits for green energy related projects.
* $11 billion in spending and loan guarantees to build a “smart grid” to move … Read the rest
Itron (ITRI) & Digi International (DGII) to Develop Smart Grid Apps
Earlier today, Itron (ITRI) announced a partnership with Tendril in an attempt to rule the smart grid world. Now the company is announcing a collaboration with Digi International (DGII) to enable utilities to remotely monitor and control automation devices utilizing Itron’s OpenWay advanced metering infrastructure network in conjunction with Digi’s ConnectPort gateway.
“Digi complements OpenWay by bridging common technology standards toward the advancement of Smart Grid adoption,” said Russ Vanos, Itron vice president of marketing. … Read the rest