Core Viewpoint - Axon Enterprise, Inc. is experiencing growth driven by strong demand across its business segments, particularly in TASER devices and software solutions, with acquisitions further enhancing its capabilities [1][2][3]. Business Strength - The TASER segment is thriving due to robust demand for TASER devices and virtual reality training services, with the next-generation TASER 10 products contributing to growth since their shipment began in Q1 2023 [2]. - The Software & Sensors segment benefits from an increase in users and average revenue per user, driven by the adoption of software applications and solid revenues from professional services related to new product installations [2]. Product Innovations - Axon launched the Axon Body 4 body-worn camera in April 2023, featuring upgraded capabilities that have generated significant demand [3]. - The company has made strategic acquisitions, including Sky-Hero in July 2023 and Fusus in January 2024, to enhance its product offerings and public safety technology [3][4]. Strategic Collaborations - Axon entered a partnership with Skydio in June 2024 to develop a comprehensive line of drones for public safety, integrating their technologies to enhance operational capabilities [4][5]. Financial Performance - Axon's shares have increased by 69.5% over the past year, outperforming the industry average growth of 25.7% [3]. Cost Challenges - Rising costs are a concern, with the cost of sales increasing by 31.8% year-over-year in 2023 and 42.5% in the first half of 2024, impacting margins [6]. - Operating expenses have risen, leading to a decline in gross margin by 240 basis points year-over-year in the first half of 2024 [6]. Currency Risks - Axon's international operations expose it to risks from currency fluctuations, particularly with a strengthening U.S. dollar potentially affecting pricing and margins [7].

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Axon continues to grow at an astounding rate.There's no question Axon's (AXON 0.15%) business is hitting on all cylinders as the company not only expands to new law enforcement agencies but also into new products. It's a powerful growth engine. Travis Hoium asks whether the growth is worth the price.*Stock prices used were end-of-day prices of Aug. 12, 2024. The video was published on Aug. 12, 2024. ...

Core Viewpoint - Axon Enterprise, Inc. is positioned for growth due to strong market demand, strategic acquisitions, and partnerships, with a focus on long-term market positioning [1] Group 1: Business Performance - The TASER segment is experiencing growth driven by strong orders for devices and cartridges, alongside stable demand for virtual reality training services [3] - In 2023, Axon launched the TASER 10, which has received a strong customer response, contributing to the TASER segment's growth [3] - The Software & Sensors segment saw a year-over-year revenue increase of 46.8%, attributed to higher user adoption and average revenue per user [3] Group 2: Financial Outlook - For 2024, Axon expects revenues between $2.00 billion and $2.05 billion, indicating a year-over-year growth of approximately 29.5% at the midpoint [4] - Projected adjusted EBITDA for 2024 is between $460 million and $475 million, reflecting strong margin expansion compared to 2023 [4] Group 3: Strategic Initiatives - Axon has enhanced its business through acquisitions, including the purchase of Sky-Hero in July 2023, which expanded its drone portfolio [4] - The acquisition of Fusus in January 2024 is expected to enhance Axon's public safety technology offerings [4] - In June 2024, Axon partnered with Skydio to develop a comprehensive line of drones for public safety, integrating various technologies for improved operational capabilities [5][6]

The stock market plummeted last week on fears of a recession. The S&P 500 tumbled more than 3% as investors fled former high-flying stocks. While the benchmark index did claw back all the losses to essentially breakeven by the end of the week, such wild swings could be a sign of a new, more sustained collapse.The best S&P 500 stocks during the recent market turmoil were not the same ones that brought the index to its all-time highs. Nvidia (NASDAQ:NVDA) is still down 2.5% from last week, Microsoft (NASDAQ:M ...

Economic Indicators - The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite gained 2%, 3%, and 3.3% respectively last week [1] - Initial jobless claims fell by 17,000 to a seasonally adjusted 233,000 for the week ended August 3, 2024, marking the largest drop in about 11 months [1] - The Services PMI for July registered at 51.4, up from 48.8 in June, indicating expansion in the services sector for the 47th time in 50 months [2] Company Performance - Elme Communities (ELME) shares increased by 10.4% since being upgraded to Zacks Rank 2 (Buy) on June 7, outperforming the S&P 500's 0.3% decrease [3] - New Jersey Resources Corporation (NJR) shares returned 5.5% since its upgrade to Zacks Rank 2 on June 14, also outperforming the S&P 500 [3] - La-Z-Boy Incorporated (LZB) and GEA Group Aktiengesellschaft (GEAGF) shares advanced by 7.8% and 11.7% respectively since their upgrade to Outperform on June 21 [6] Portfolio Performance - A hypothetical portfolio of Zacks Rank 1 (Strong Buy) stocks returned +6.1% year-to-date through April 1, 2024, compared to +11.3% for the S&P 500 [3] - The Zacks Focus List model portfolio returned +31.44% in 2023, outperforming the S&P 500's +26.28% [8] - The Zacks Earnings Certain Admiral Portfolio (ECAP) returned +9.08% year-to-date through March 31, 2024, compared to +10.42% for the S&P 500 [9] Long-term Performance - The Zacks Model Portfolio has outperformed the S&P 500 index by over 16 percentage points since 1988, with an annualized return of +27.6% compared to +11.1% for the S&P 500 [4] - The Zacks Top 10 portfolio has produced a cumulative return of +1,060.9% since 2012, significantly outperforming the S&P 500's +360.1% [12][14]

Led by its Axon Cloud and AI-powered products, the company has more than doubled in value over the last year.Shares of leading public-safety technology provider Axon Enterprise (AXON -1.19%) have risen by 28% this week as of 11:45 a.m. ET on Friday, according to data provided by S&P Global Market Intelligence.Axon delivered blockbuster second-quarter earnings results, with revenue growth of 35%, while guiding for full-year sales growth of 29.5% at the midpoint, up from 26% just a quarter ago. Axon's focus o ...

For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Axon Enterprise (AXON) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.Axon Enterprise is a member of our Industrial Products gr ...

In a politically divisive environment, about the one thing that Americans can agree on is that the men and women who protect our communities deserve the equipment and assets necessary to do their job. That’s where security specialist Axon Enterprise (NASDAQ:AXON) enters the frame. By offering a wide range of utilitarian products, Axon is effectively politically agnostic. In other words, AXON stock can thrive no matter who wins this November.Naturally, a Republican victory led by former President Donald Trum ...

Axon Enterprise, Inc. (AXON) reported second-quarter 2024 adjusted earnings of $1.20 per share, which surpassed the Zacks Consensus Estimate of $1.06. The bottom line increased 9.1% year over year despite a significant rise in the cost of sales.Total revenues of $504.1 million surpassed the consensus estimate of $477 million and increased 34.6% year over year. The top line benefited from strong demand for TASER and body camera products. Growth in TASER and Sensors revenues with increased adoption of premium ...