Digi International (DGII) in Royce Small-Cap Opportunity Fund Q3 2024

Leveraging IoT Solutions for Growth in a Connected World

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Apr 14, 2025
Summary
  • Investment rationale: Strong position in the growing IoT market.
  • Market positioning: Leader in IoT connectivity and solutions.
  • Risks and challenges: Competitive technology landscape.
  • Recent performance: Contributed positively to the fund's returns.
  • Future outlook: Expected to benefit from increasing IoT adoption.

In the Royce Small-Cap Opportunity Fund's Q3 2024 commentary, Digi International (DGII, Financial) was highlighted as a key contributor to the fund's performance. The company is recognized for its leadership in providing IoT connectivity solutions, which are increasingly in demand as industries continue to digitize and automate operations.

"Digi International's robust growth in the IoT sector has been a significant driver of its positive performance, aligning well with our investment strategy focused on innovative technology companies." — Royce Investment Partners, Q3 2024 Fund Letter

Read full letter at gurufocus royce small cap opportunity fund q3 2024 commentary 2024 Q3 page.