Latest news with #TASER
Yahoo
4 days ago
- Business
- Yahoo
Is Axon Enterprise Stock Outperforming the Nasdaq?
Scottsdale, Arizona-based Axon Enterprise, Inc. (AXON) is a technology provider in global public safety for law enforcement, military, and civilians. Valued at a market cap of $60.5 billion, the company operates through two segments, Software and Sensors, and TASER. Companies valued at $10 billion or more are generally classified as 'large-cap' stocks, and Axon Enterprise fits this description perfectly. The company is known for its TASER energy weapons. It also provides body-worn cameras, digital evidence management systems, and AI-powered software through its cloud-based Axon Cloud platform. Trump Is Giving Tesla's Robotaxis a Leg Up Ahead of June 22. Should You Buy TSLA Stock Now? Dear Nvidia Stock Fans, Mark Your Calendars for July 16 The Trump Family Is Betting Big on Mobile Phones. Should Apple Stock Investors Be Worried? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. AXON stock has declined 3.6% from its 52-week high of $806.64 recorded on June 9. AXON Enterprise stock has surged 40.1% over the past three months, notably surpassing the broader Nasdaq Composite ($NASX), which increased 9.6% during the same period. In the longer term, AXON stock is up 30.8% on a YTD basis, significantly outperforming NASX's 1.1% return. Additionally, shares of AXON have soared 161.7% over the past 52 weeks, compared to NASX's 9.3% gain over the same period. Despite a few fluctuations, the stock has been trading above its 50-day and 200-day moving averages since last year. Shares of AXON climbed 14.1% following its better-than-expected Q1 2025 results on May 7. It posted record quarterly revenue of $603.6 million, up 31.3% year-over-year, significantly beating Wall Street expectations. The strong performance was driven by growth in Software & Services, robust adoption of TASER 10 and Axon Body 4, and rising demand for its platform sensors. Adjusted EPS came in at $1.41, marking a 22.6% increase from the year-ago quarter and surpassing consensus estimates. Encouraged by the momentum, AXON also raised its full-year 2025 revenue guidance to a range of $2.6 billion to $2.7 billion, up from its previous projection of $2.55 billion to $2.65 billion. Compared to its rival, L3Harris Technologies, Inc. (LHX) has lagged behind AXON stock. LHX stock has increased 13.7% over the past 52 weeks and 19.3% on a YTD basis. Due to AXON's strong performance, analysts are strongly optimistic about its prospects. Among the 15 analysts covering the stock, there is a consensus rating of 'Strong Buy,' and it is currently trading above the mean price target of $735. On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Yahoo
14-06-2025
- Business
- Yahoo
Bullish Big Money Buying Axon
AXON provides equipment, training, and related services for personal defense, including TASER devices, body cameras, training, and more, along with digital evidence solutions. Its customers are primarily law enforcement agencies. The business is growing as greater adoption of its software, acquisitions, and new lines of business, like drones, open more possibilities for the company. Financially, AXON's first-quarter fiscal 2025 report showed a 31% jump in year-over-year revenue, to $604 million. Annual recurring revenue was $1.1 billion, marking a 34% jump from the year prior. Adjusted gross margin was 63.6% and the company guided higher, indicating 2025 revenue will be up to $2.7 billion and adjusted EBITDA up to $675 million. No wonder AXON shares are up 30% this year – and they could rise more. MoneyFlows data shows how Big Money investors are again betting heavily on the stock. Institutional volumes reveal plenty. In the last year, AXON has enjoyed strong investor demand, which we believe to be institutional support. Each green bar signals unusually large volumes in AXON shares. They reflect our proprietary inflow signal, pushing the stock higher: Plenty of industrials names are under accumulation right now. But there's a powerful fundamental story happening with Axon. Institutional support and a healthy fundamental backdrop make this company worth investigating. As you can see, AXON has had strong sales and earnings growth: 3-year sales growth rate (+34.1%) 3-year EPS growth rate (+62.7%) Source: FactSet Also, EPS is estimated to ramp higher this year by +24.1%. Now it makes sense why the stock has been generating Big Money interest. AXON has a track record of strong financial performance. Marrying great fundamentals with MoneyFlows software has found some big winning stocks over the long term. Axon has been a top-rated stock at MoneyFlows. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis. It made the rare Outlier 20 report multiple times in the past year. The blue bars below show when AXON was a top pick…boosted by Big Money: Tracking unusual volumes reveals the power of money flows. This is a trait that most outlier stocks exhibit…the best of the best. Big Money demand drives stocks upward. The AXON action isn't new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio. Disclosure: the author holds no position in AXON at the time of publication. If you are a Registered Investment Advisor (RIA) or are a serious investor, take your investing to the next level and follow our free weekly MoneyFlows insights. This article was originally posted on FX Empire Product Performance, Big Money Lift Exelixis Urban Outfitters Seeing Inflows US Foods Seeing Inflows Core & Main Flashes Bullish Outlier Signals Rare Outflow Signals Hit Eli Lilly Shares Should You Invest in the US Stock Market Now?
Yahoo
12-06-2025
- Business
- Yahoo
Will Strong TASER Demand Continue to Guide Axon's Connected Devices Unit?
Axon Enterprise, Inc. AXON is expanding its footprint in the public safety technology space, with the Connected Devices segment playing an important role in overall growth. In the first quarter of 2025, the segment's revenues surged 26.1% year over year, reflecting strong momentum across its product ongoing demand for TASER devices is the core component of the segment's success. AXON continues to benefit from the rising popularity of its next-generation TASER 10 products, which began shipping in 2023. Revenues from TASER devices increased $30.9 million year over year in the first quarter, driven by the higher volume of TASER 10 handles and demand for virtual reality training services and counter drone equipment continues to support the segment's growth. Axon launched the next-generation body-worn camera, Axon Body 4, in April 2023, which has added momentum as well. Equipped with enhanced features such as a bi-directional communication facility and a point-of-view camera module option, the product is generating strong customer demand, thus bolstering the segment's growth. The Connected Devices unit is also benefiting from increased warranty revenues from a higher volume of deployed devices in the rising global security concerns, including increasing instances of terrorism and criminal activities, demand for advanced public safety technologies is expected to remain strong. These trends are likely to support the ongoing demand for Axon's Connected Devices portfolio, positioning the segment well for sustained momentum in the quarters ahead. Among its major peers, Kratos Defense & Security Solutions, Inc.'s KTOS Kratos Government Solutions segment reported net revenues of $239.5 million in the first quarter of 2025, increasing 10% on a year-over-year basis. Kratos generated 79.1% of its total revenues from this segment in the quarter. The revenue improvement for Kratos' segment can be attributed to notable growth in its C5ISR, Defense Rocket Support and Microwave Products Technologies Incorporated's TDY Digital Imaging segment's first-quarter 2025 revenues increased 2.2% year over year to $757 million. This was driven by higher sales of Teledyne's commercial infrared imaging components and surveillance systems. Teledyne derived 52.2% of its total revenues from this segment during the quarter. Shares of Axon have surged 165.2% in the past year compared with the industry's growth of 42.1%. Image Source: Zacks Investment Research From a valuation standpoint, AXON is trading at a forward price-to-earnings ratio of 1,156.40X above the industry's average of 46.32X. Axon carries a Value Score of F. Image Source: Zacks Investment Research The Zacks Consensus Estimate for AXON's second-quarter 2025 earnings has been on the rise over the past 60 days. Image Source: Zacks Investment Research The company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Teledyne Technologies Incorporated (TDY) : Free Stock Analysis Report Kratos Defense & Security Solutions, Inc. (KTOS) : Free Stock Analysis Report Axon Enterprise, Inc (AXON) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
03-06-2025
- Business
- Yahoo
Axon Enterprise Trades Near 52-Week High: Should You Buy Now or Wait?
Shares of Axon Enterprise, Inc. AXON have been showing impressive gains of late, trading close to its 52-week high of $765.00. The stock closed at $758.57 on Monday, 0.8% below the highest point. Shares of the conducted energy devices (CEDs) manufacturer have surged 27.7% year to date, outpacing the Zacks sub-industry's and the S&P 500's growth of 14.4% and 0.1%, company's peers, including Kratos Defense & Security Solutions, Inc. KTOS and Teledyne Technologies Incorporated TDY, have gained 44.2% and 6.5%, respectively, over the same time frame. Image Source: Zacks Investment Research The stock is also trading above both its 50-day and 200-day moving averages, indicating solid upward momentum and price stability. This reflects a positive market sentiment and confidence in the company's financial health and long-term prospects. Image Source: Zacks Investment Research The strongest driver of Axon Enterprise's business at the moment is solid momentum in its Connected Devices segment. The segment's revenues increased 26.1% year over year in the first quarter of 2025. The company continues to witness growing popularity for its next-generation TASER 10 products, whose shipment began in 2023. Growth in cartridge revenues, driven by the higher adoption of the TASER products, has been driving the segment's Enterprise introduced its next-generation body-worn camera, Axon Body 4, in April 2023. With upgraded features such as a bi-directional communications facility and a point-of-view camera module option, this body camera is generating significant demand, thus bolstering the segment's growth. Shipment of this body camera began in June 2023 and the customer response has been impressive so increase in the aggregate number of users to the Axon Enterprise network is aiding the Software & Services segment. After witnessing a year-over-year 33.4% jump in 2024, revenues from the segment also increased 39% in the first quarter. Continued momentum in digital evidence management and increased demand for premium add-on features are driving the segment's of premium subscription plans also continues to rise as more customers recognize the value of enhanced capabilities. This ongoing expansion supports a growing base of annual recurring revenues (ARR). Strong customer alignment, broader adoption across sectors and continuous product innovation led Axon Enterprise to raise its guidance for now expects revenues to be in the band of $2.60-$2.70 billion compared with $2.55-$2.65 billion expected earlier, indicating growth of approximately 27% year over year at the company's strategic partnership with other companies enables it to expand its product offerings and customer base. In June 2024, Axon Enterprise entered into a partnership with Skydio (a leading U.S. drone manufacturer) to introduce a comprehensive line of drones in public safety that includes a scalable Drone as First Responder (DFR) solution. The combined offering will support the company's DFR programs across its customer base and strengthen its market position in this category. Axon Enterprise's trailing 12-month return on equity (ROE) is indicative of its growth potential. ROE for the trailing 12 months is 21.98%, higher than the industry's 11.08%. This reflects the company's efficient usage of shareholder funds. In comparison, ROE for its peers, Kratos Defense & Security Solutions and Teledyne Technologies, is pegged at 5.68% and 9.95%, respectively. Image Source: Zacks Investment Research Earnings estimates for AXON have moved north over the past 30 days, reflecting analysts' optimism. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)The Zacks Consensus Estimate for 2025 earnings is pegged at $6.15 per share, reflecting an increase of 0.7% in the past 30 days. The figure indicates year-over-year growth of 3.5%. The consensus mark for 2026 earnings is pinned at $7.55 per share, increasing 0.3% in the past 30 days. The figure also indicates year-over-year growth of 22.8%. Image Source: Zacks Investment Research Despite the positives, the escalating costs and expenses are a concern for Axon Enterprise's bottom line. In 2024, its cost of sales soared 39% year over year on higher wages and stock-based compensation expenses. The metric, as a percentage of sales, was 40.4% in the year, up 160 basis points. The trend followed in first-quarter 2025, with the cost of sales increasing 18.2% year over year. Also, the company's quarterly selling, general and administrative expenses increased 48% year over year. AXON's lofty valuation remains another concern. The stock is trading at a forward 12-month price-to-earnings (P/E) ratio of 112.59X, significantly higher than the industry average of 42.04X. This elevated valuation could make the stock vulnerable to further pullbacks if market sentiment sours. In comparison with AXON's valuation, Kratos Defense & Security and Teledyne Technologies are trading at 67.16X and 22.07X. Strong momentum across the Connected Devices and Software & Services segments, along with its investments in the AI space, drones and robotics, positions AXON favorably for impressive growth in the long run. Also, its collaboration with other companies to enhance public safety offerings and positive earnings estimates instill investor confidence. However, a few challenges, such as escalating operating expenses and premium valuation, are limiting this Zacks Rank #3 (Hold) company's near-term current shareholders should hold their positions, new investors should wait for the stock to retract some of its recent gains and provide a better entry point. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Teledyne Technologies Incorporated (TDY) : Free Stock Analysis Report Kratos Defense & Security Solutions, Inc. (KTOS) : Free Stock Analysis Report Axon Enterprise, Inc (AXON) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-05-2025
- General
- Yahoo
SLCPD releases bodycam footage from officer-involved shooting along train tracks
Charges are allegations only. All arrested persons are presumed innocent unless and until proven guilty beyond a reasonable doubt. SALT LAKE CITY () — Roughly two weeks after an , the Salt Lake City Police Department has released body camera footage from the night of May 12. Carlos Felipe Ocampo-Flores, 18, has been identified as the suspect. He is facing 12 charges, including one count of failure to respond to officers' signal to stop, a third-degree felony; three counts of assault on a peace officer, all class A misdemeanors; and numerous other charges. According to the bodycam footage, approximately three shots were fired at the suspect before an officer used a TASER on him. The suspect was taken to the hospital with injuries after the shooting and later released on May 23, and he was taken into custody after being discharged. PREVIOUSLY: SLCPD identify suspect in officer-involved shooting on May 12 On May 12, around 11 p.m., two officers attempted to perform a traffic stop after seeing a car 'driving without working lights,' according to SLCPD. Ocampo-Flores is accused of accelerating past several cars at a train crossing, driving through the crossing, and losing control of the vehicle. The suspect reportedly crashed into several parked vehicles and a pole before being abandoned near 70 South 600 West. Officers searched the vehicle and found 'a small amount of marijuana.' Shortly before midnight, an officer observed a man, later identified as Ocampo-Flores, running along nearby train tracks. The officer reportedly gave several commands to stop, and the officer yelled at Ocampo-Flores not to reach for his waistband. SLCPD said the footage shows the suspect raising his right hand but holding his left arm across his waist. 'The suspect maintained his hand near his waistband area while keeping his other hand raised – appearing to have an unknown object in his hand while taking an aggressive posture,' SLCPD said. After that point, the officer fired their weapon, causing Ocampo-Flores to fall. SLCPD said the suspect appeared to throw something at the responding officer, and when additional officers arrived, the suspect was Tased. Ocampo-Flores was taken to a local hospital in stable condition and discharged on May 23. After being discharged, Ocampo-Flores was booked into the Salt Lake County Metro Jail. The officer who fired at the suspect is on paid administrative leave. Ocampo-Flores is facing the following charges: 1 count of failure to respond to officers' signal to stop, a third-degree felony 1 count of failure to stop at the command of law enforcement, a class A misdemeanor 3 counts of assault on peace officer or military service member in uniform, all class A misdemeanors 2 counts of assault/threat of violence on healthcare provider/EMS, both class B misdemeanors 1 count of failure to comply with duties at vehicle accident/property damage, a class B misdemeanor 1 count of possession or use of a controlled substance, a class B misdemeanor 1 count of use or possession of drug paraphernalia, a class B misdemeanor 1 count of interfering with a peace officer, a class B misdemeanor 1 count of reckless driving, a class B misdemeanor Charges are allegations only. All arrested persons are presumed innocent unless and until proven guilty beyond a reasonable doubt. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
