TASER Segment Growth - The TASER segment is experiencing strong momentum due to high demand for TASER devices and virtual reality training services [1] - The next-generation TASER 10 products are gaining popularity, contributing to segment growth [1] - Increased adoption of TASER products is driving growth in cartridge revenues [1] - Rising instances of terrorism and criminal activities are expected to boost demand for Axon's products in the future [1] Acquisitions and Business Expansion - In October 2024, the company acquired Dedrone, enhancing its airspace security capabilities [2] - The acquisition of Fusus in January 2024 strengthened Axon's real-time crime center technology [2] - The purchase of Sky-Hero in July 2023 expanded the Axon Air portfolio, adding drone and ground-based vehicle technology [2] Software & Sensors Segment Performance - The addition of new users and devices to the Axon network is driving growth in the Software & Sensors segment [7] - Increased demand for cloud-connected TASER devices and software applications is boosting Axon Evidence and cloud services [7] - Professional services revenues from new product installations, such as Axon Fleet cameras, are benefiting the segment [7] Financial and Operational Challenges - The company's cost of sales increased by 31.8% year over year in 2023 and by 39.5% in the first nine months of 2024 [3] - Cost of sales as a percentage of sales rose to 68.7%, up 670 basis points year over year [3] - High costs are attributed to business integration activities, increased headcount, higher wages, and stock-based compensation expenses [3] - Axon's international presence exposes it to risks from adverse currency fluctuations, potentially impacting margins [9] Stock Performance and Industry Comparison - Axon's shares have gained 136.5% in the past year, outperforming the industry's 34.8% growth [8]

The S&P 500 index is up 25% year to date, and it's no surprise to see several of the biggest gainers in 2024 were companies benefiting from the growth in artificial intelligence (AI). Here are the top five performers through the market close on Dec. 23, 2024.Data center suppliers dominated Palantir Technologies (PLTR -0.29%) shares have had an incredible run since bottoming out with the broader market sell-off in 2022. After the stock nearly tripled in 2023, accelerating revenue growth for the company's AI ...

The stock has crushed the S&P 500 over the long term.Josh Isner is the president of Axon Enterprise and has been with the company for over 15 years. In this podcast, he joins Motley Fool analyst Jason Moser to discuss:Why Axon is like the Apple of law enforcement.How immersive technology improves police training and retention.The role of drones and humanoids in public safety.To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our b ...

Nasdaq-100 Index Reconstitution - The Nasdaq-100 Index® will undergo its annual reconstitution, effective prior to market open on Monday, December 23, 2024 [1] - Three companies will be added to the Index: Palantir Technologies Inc (NASDAQ:PLTR), MicroStrategy Incorporated (NASDAQ:MSTR), and Axon Enterprise, Inc (NASDAQ:AXON) [1] - Three companies will be removed from the Index: Illumina, Inc (NASDAQ:ILMN), Super Micro Computer, Inc (NASDAQ:SMCI), and Moderna, Inc (NASDAQ:MRNA) [4] Nasdaq-100 Index Overview - The Nasdaq-100 Index® consists of 100 of the largest non-financial companies listed on The Nasdaq Stock Market® [2] - The Index was launched in January 1985, nearly 40 years ago, alongside the Nasdaq Financial-100™ Index [2] - The Index serves as a benchmark for financial products such as options, futures, and funds [2] - The reconstitution occurs annually in December, timed to coincide with the quadruple witch expiration Friday of the quarter [2] Invesco QQQ Trust and Related Products - The Nasdaq-100 Index® is the basis for the Invesco QQQ Trust (NASDAQ:QQQ), which aims to provide investment results corresponding to the Index's performance before expenses [3] - Options, futures, and structured products based on the Nasdaq-100 Index® and the Invesco QQQ Trust are traded on various exchanges [3] Nasdaq Global Indexes and Company Information - Nasdaq Global Indexes has been creating innovative, market-leading, and transparent indexes since 1971 [5] - The index offering spans geographies and asset classes, providing opportunities for financial product sponsors and asset managers [5] - Nasdaq offers exchange listing, custom index, and design solutions to financial organizations worldwide [5] - For more information on the companies added to the Nasdaq-100 Index®, visit their respective websites: Palantir Technologies Inc, MicroStrategy Incorporated, and Axon Enterprise, Inc [5] Nasdaq's Role in Global Markets - Nasdaq (NASDAQ:NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators [6] - The company aims to deliver world-leading platforms that improve liquidity, transparency, and integrity in the global economy [6] - Nasdaq provides data, analytics, software, exchange capabilities, and client-centric services to help clients optimize and execute their business vision [6]

DORTMUND, GERMANY - JANUARY 15: A police officer demonstrates the handling of an Taser on January ... [+] 15, 2021 in Dortmund, Germany. Police in North Rhine-Westphalia will begin using the Axon Taser 7 electroshock devices in a two-year pilot project, after which authorities will assess whether the devices will become standard issue. Similar pilot projects are underway in other German states. (Photo by Sascha Schuermann/Getty Images)Getty ImagesWe believe that AeroVironment stock,, a drone and uncrewed ve ...

Shares of Axon Enterprise, Inc. (AXON) have been showing impressive gains of late, hovering at more than $630 per share in the past five trading sessions. The stock closed at $669.87 on Tuesday, just 0.8% below its 52-week high of $675.47.Year to date, the stock has surged 160.2%, outpacing the industry and the S&P 500 composite’s growth of 50.2% and 27.1%, respectively. The company has also outperformed other industry players like Allegion plc (ALLE) and Alarm.com Holdings, Inc. (ALRM) , which have returne ...

The cash distribution leader's early trials have shown increased transparency to clients and a reduction in claim errorsSCOTTSDALE, Ariz., Dec. 3, 2024 /PRNewswire/ -- Axon (Nasdaq: AXON), the global public safety technology leader, today announced that cash distribution leader Loomis US is equipping vehicle armored service technicians with Axon Body 4 cameras as part of their continued effort to improve safety and transparency. The deployment, spanning across the United States, includes more than 2,000 bod ...

With law enforcement focused on reducing crime rates and budget pressures, while recruiting and retaining staff, technology companies are having some early success selling artificial intelligence tools to police departments, especially to ease the burden of administrative work.  Axon, widely recognized for its Taser devices and body cameras, was among the first companies to introduce AI specifically for the most common police task: report writing. Its tool, Draft One, generates police narratives directly fr ...

Since Trump’s victory in the Presidential election, many large U.S. companies have seen their stocks surge. SPDR S&P 500 ETF Trust (SPY) added more than 2.4% from Nov. 5 to Nov. 20.The top 10 performing stocks on the S&P 500 index have witnessed 18% or more gains since Election Day, according to data provided by S&P Global Market Intelligence, which analyzed returns based on closing prices from Nov. 5 to Nov. 20, as quoted on CNBC.Solid stock returns were partly driven by the Trump administration’s expected ...

Axon Enterprise, Inc. (AXON) recently secured a federal government deal to deliver its premier Axon Body 4 body-worn cameras and digital evidence management system — Axon Evidence, to Royal Canadian Mounted Police (RCMP). Once deployed, the company’s Body 4 cameras and Axon Evidence will serve more than 10,000 RCMP officers across rural, urban and remote areas of Canada.Axon introduced its next-generation body-worn camera, Axon Body 4, in April 2023. With upgraded features such as a bi-directional communica ...