Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about Axon Enterprise (AXON) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Axon currently has an average broke ...

Core Insights - Axon has announced the deployment of its next-generation less-lethal energy weapon, TASER 10, by the United States Marshals Service (USMS), alongside a pilot program for its VR Training solution [1][2]. Group 1: Product Features and Benefits - TASER 10 allows the deployment of 10 individually targeted probes at a range of up to 45 feet, enhancing decision-making time and reducing risk during threat neutralization [2]. - The integration of VR Training with TASER 10 enables officers to build muscle memory and achieve proficiency without extensive training time or live cartridge use [2]. - The TASER 10 will replace the USMS's existing TASER X26P devices, ensuring a cohesive approach to law enforcement operations [2]. Group 2: Company Commitment and Vision - Axon emphasizes its commitment to public safety, aiming to cut gun-related deaths between police and the public in the U.S. by 50% before 2033 [4]. - The partnership with USMS highlights the importance of less-lethal alternatives, promoting accountability and safety for both officers and the communities they serve [3]. Group 3: Technological Integration - TASER 10 will integrate with Axon body-worn cameras, enabling automatic activation of cameras when the device is drawn, enhancing situational awareness and accountability [3]. - The digital evidence management system supporting this integration has achieved FedRAMP High Authorization for U.S. government customers, ensuring compliance and security [3].

Industry leaders join forces to bring technology and services to advance rapid incident response, augment resource allocation, and improve officer and community safetySAN MATEO, Calif. and SCOTTSDALE, Ariz., June 20, 2024 /PRNewswire/ -- Axon (Nasdaq: AXON), the global public safety technology leader, and Skydio, the leading U.S. drone manufacturer and the world leader in autonomous flight, announced today the launch of an end-to-end offering for drones in public safety, including a scalable Drone as First ...

Axon Enterprise (AXON) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this maker of stun guns and body cameras have returned +1.9% over the past month versus the Zacks S&P 500 composite's +3.6% change. The Zacks Security and Safety Services industry, to which Axon belongs, has lost 0.4% over this period. Now the key question is: Where could the stock be headed in the near te ...

IRVINE, Calif., June 17, 2024 (GLOBE NEWSWIRE) -- Oncocyte Corporation (NASDAQ:OCX), a precision diagnostics company, today announced that it has appointed leading finance executive, Andrea James, to the position of Chief Financial Officer. "We are thrilled to welcome Andrea as we approach the inflection point of commercial launch," Oncocyte CEO Josh Riggs said. "She has a proven track record of guiding financial strategy through multiple phases of growth, raising and stewarding capital, and building relati ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about Axon Enterprise (AXON) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Axon currently has an average brokerage recommendation ( ...

Growth stocks paired with profits are some of the best-performing stocks on the market right now. These stocks have been the biggest gainers in the past few years and will likely keep delivering market-beating returns as long as they keep growing and delivering profits. Wall Street does not like companies with high amounts of cash burn, especially if they have no cash buffer, no matter how much growth they have.As such, building your holdings around profitable growth businesses can help you realize market-b ...

Axon Enterprise, Inc. (AXON) has been witnessing persistent strength in its TASER segment, driven by growing orders for devices and cartridge products. Stable demand for virtual reality training services has also been supporting the segment’s growth. Also, solid momentum in Axon Evidence and cloud services, driven by an increase in the number of users and average revenue per user, is driving the Software & Sensors segment’s growth. For 2024, it expects revenues in the range of $1.94-$1.99 billion, indicatin ...

Investing is quite certainly a slow-and-steady journey that resembles a marathon; patience and consistency are the keys to success. But let’s face it – we all try to identify which stocks have the potential to create life-changing wealth!While the largest chunk of my portfolio is more securely nestled in ETFs, I also maintain a handful of carefully chosen positions that I plan to hold for a decade or more. This is fueled by the speculation that they may outperform the overall market.The following three name ...

Group 1: Analyst Recommendations - Axon Enterprise (AXON) has an average brokerage recommendation (ABR) of 1.31, indicating a consensus between Strong Buy and Buy based on 13 brokerage firms' recommendations [1] - Out of the 13 recommendations, 10 are Strong Buy and 2 are Buy, accounting for 76.9% and 15.4% of all recommendations respectively [1] Group 2: Limitations of Brokerage Recommendations - Solely relying on brokerage recommendations for investment decisions may not be advisable, as studies show they often lack success in guiding investors towards stocks with high price appreciation potential [2] - Brokerage analysts tend to exhibit a strong positive bias due to their firms' vested interests, issuing five "Strong Buy" recommendations for every "Strong Sell" [2] Group 3: Zacks Rank as an Alternative - Zacks Rank categorizes stocks into five groups, from Zacks Rank 1 (Strong Buy) to Zacks Rank 5 (Strong Sell), and is based on earnings estimate revisions, making it a more effective indicator of near-term stock price performance [3][5] - The Zacks Rank is timely in predicting future stock prices as it reflects constant revisions of earnings estimates by brokerage analysts [5] Group 4: Current Earnings Estimates for Axon - The Zacks Consensus Estimate for Axon's earnings has increased by 0.4% over the past month to $4.49, indicating growing optimism among analysts regarding the company's earnings prospects [6] - This increase in consensus estimate, along with other factors, has resulted in a Zacks Rank 2 (Buy) for Axon, suggesting a positive outlook for the stock [6]