The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?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 aver ...

Axon Enterprise (AXON) closed the most recent trading day at $314.28, moving +0.69% from the previous trading session. This move lagged the S&P 500's daily gain of 0.89%. On the other hand, the Dow registered a gain of 1.03%, and the technology-centric Nasdaq increased by 1.25%.The maker of stun guns and body cameras's shares have seen an increase of 16.6% over the last month, surpassing the Industrial Products sector's gain of 5.83% and the S&P 500's gain of 3.56%.Analysts and investors alike will be keepi ...

One stock that might be an intriguing choice for investors right now is Axon Enterprise, Inc. (AXON) . This is because this security in the Security and Safety Services space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place ...

Core Viewpoint - Axon Enterprise (AXON) has shown significant stock performance, returning +24.2% over the past month, outperforming the S&P 500 composite's +3.6% and the Zacks Security and Safety Services industry's +11.5% [1] Earnings Estimates Revisions - Axon is expected to post earnings of $0.98 per share for the current quarter, reflecting a year-over-year change of +11.4%, with a slight decrease of -0.9% in the Zacks Consensus Estimate over the last 30 days [2] - The consensus earnings estimate for the current fiscal year is $4.48, indicating a year-over-year change of +8.2%, with a -2.8% change in estimates over the last month [3] - For the next fiscal year, the consensus estimate is $5.67, showing a +26.6% change from the previous year, with a +6.6% increase in estimates over the past month [3] Revenue Growth Forecast - The consensus sales estimate for the current quarter is $437.52 million, indicating a year-over-year change of +27.5% [4] - Revenue estimates for the current and next fiscal years are $1.93 billion and $2.34 billion, reflecting changes of +23.3% and +21.1%, respectively [4] Last Reported Results and Surprise History - Axon reported revenues of $432.14 million in the last quarter, a year-over-year increase of +28.6%, with an EPS of $1.12 compared to $0.70 a year ago [5] - The reported revenues exceeded the Zacks Consensus Estimate of $418.97 million by +3.14%, and the EPS surprise was +30.23% [5] - The company has consistently beaten consensus EPS and revenue estimates in the trailing four quarters [6] Valuation - Axon's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), are essential for determining if the stock is fairly valued [7] - The Zacks Value Style Score indicates that Axon is graded F, suggesting it is trading at a premium compared to its peers [8] Bottom Line - The information provided may assist in evaluating the market interest surrounding Axon, with a Zacks Rank 3 indicating potential performance in line with the broader market in the near term [9]

Axon Enterprise, Inc. (AXON) has been benefiting from strength in its TASER segment, supported by growing popularity for this segment’s 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 aggregate number of users, average revenue per user and software add-ons, is driving the Software & Sensors segment’s growth.Axon Enterprise introduced its ne ...

Axon Enterprise (AXON -1.96%) posted another year of impressive growth and indicated it sees no sign of a slowdown ahead. Investors are buying in, sending Axon shares up 12.5% for the week as of Thursday afternoon, according to data provided by S&P Global Market Intelligence.Axon's strong record of outperformance powers onAxon began as a maker of non-lethal Taser stun guns for law enforcement and has spent the last few years widening its portfolio to include body cameras and software systems to manage evide ...

Axon Enterprise, Inc. (AXON) reported fourth-quarter 2023 adjusted earnings of $1.12 per share, surpassing the Zacks Consensus Estimate of 86 cents. The bottom line increased 60% year over year despite a significant rise in cost of sales.Total revenues of $432.1 million outperformed the Zacks Consensus Estimate of $419 million and increased 28.6% year over year. The top line benefited from strength in Axon Cloud software, demand for Axon Fleet systems, and the ramp-up of TASER 10 and Axon Body 4. In 2023, t ...

Axon Enterprise, Inc. (NASDAQ:AXON) Q4 2023 Earnings Call Transcript February 27, 2024 5:00 PM ET Company Participants Erik Lapinski - Director of IR Rick Smith - CEO & Founder Josh Isner - President Brittany Bagley - COO & CFO Jeff Kunins - Chief Product Officer and CTO Conference Call Participants Trevor Walsh - JMP Joe Cardoso - JPMorgan Jonathan Ho - William Blair Will Power - Baird Alyssa Shreves - Barclays Mike Ng - Goldman Sachs Josh Riley - Needham Keith Housum - Northcoast Meta Marshall - Morgan St ...

For the quarter ended December 2023, Axon Enterprise (AXON) reported revenue of $432.14 million, up 28.6% over the same period last year. EPS came in at $1.12, compared to $0.70 in the year-ago quarter.The reported revenue represents a surprise of +3.14% over the Zacks Consensus Estimate of $418.97 million. With the consensus EPS estimate being $0.86, the EPS surprise was +30.23%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall ...

Exhibit 99.1 CONTACT: Investor Relations Axon Enterprise, Inc. IR@axon.com Axon 2023 Revenue Grows 31% to $1.56 Billion ● Axon Cloud and Services revenue grows 52% to $561 million ● Annual recurring revenue grows 47% to $697 million ● Annual net income of $174 million supports Adjusted EBITDA of $329 million ● Company projects Full Year 2024 revenue of $1.88 billion to $1.94 billion, representing 20% to 24% annual growth Fellow shareholders, Axon is delighted to deliver another year of record company perfor ...