Networking device maker Digi (DGII +7.8%) trades higher after Piper Jaffray initiates with an...

|About: Digi International Inc. (DGII)|By:, SA News Editor

Networking device maker Digi (DGII +7.8%) trades higher after Piper Jaffray initiates with an outperform, saying it's an overlooked energy efficiency/smart grid play. The shares sell for just 6X 2012 enterprise value, and Piper expects double-digit revenue growth over the next 3 years.