Digi International (DGII) shares were down nearly 14% late Friday, after the networking hardware provider missed with Q2 revenue and disappointed with Q3 and full-year guidance. Its Q2 earnings did beat Street expectations.

Revenue was $45.9 million for Q2 2014, compared with $48.2 million for Q2 2013.
Net income was $0.7 million, or $0.03 per diluted share, in the Q2 2014 compared to $1.0 million, or $0.04 per diluted share, in the year-ago comparable quarter. The Street expected earnings of $0.01 per share on revenue of $46.2 million, according to Capital IQ estimates.

For Q3, Digi projects revenue in a range of $46.5 million to $49.5 million with a most likely revenue of approximately $48.0 million. Digi projects net income per diluted share for Q3 2014 in a range of a loss of $0.02 to $0.02 in earnings, with a most likely net income per diluted share of $0.00. The Street expects revenue of $46.2 million and earnings of $0.01 per share for Q3.

For the full fiscal year 2014, Digi now projects revenue in a range of $188.0 million to $194.0 million with a most likely annual revenue of approximately $191.0 million. Digi now projects annual net income per diluted share to be in a range of $0.06 to $0.12, with a most likely net income per diluted share of $0.09. The Street expects revenue of $197 million and earnings of $0.22 for fiscal 2014.

DGII trades in a 52-week range of $8.51 to $12.75.