BUZZ-Digi International hits 18-month high after results, outlook

Digi Int'l DGII.O shares up 17.4% to $35.70 after reaching intraday high of $36.69, highest level since Aug.3, 2023

The provider of internet connectivity products reported Q1 EPS in-line with analysts' estimates and forecast Q2 adjusted EPS between 46 cents to 50 cents on revenue of $102 mln to $106 mln; current Street estimate is 48 cents and $105.12 mln per LSEG data

Stock on track for biggest daily pct jump since Aug 8 and sixth gain in the past 7 sessions

Of the 5 analysts that cover DGII, the breakdown of recommendations are 3 "strong buy" or "buy" and 2 "hold" ratings

Median price target of $38 is unchanged from a month ago and up from $33 on Nov 6

DGII shares up ~18% YTD vs 1.5% rise in S&P 600 tech sector .SPSMCT