Digi International shares moved higher after the company reported record revenue and continued progress shifting toward a more recurring revenue-oriented business model. Annualized recurring revenue increased 50%, reinforcing management's expectation that higher-quality revenue will continue supporting margin expansion and earnings growth. Conestoga Capital Advisors highlighted the industrial IoT connectivity provider as a notable contributor in its second-quarter 2026 investor letter. The stock closed at $72.75 per share on August 5, 2026, with a market capitalization of $2.74 billion, and has gained 126.64% over the past 52 weeks.
Digi International IncRecord revenue and 50% growth in annualized recurring revenue support margin expansion and earnings growth.
