Core Points - Axon will report its fourth quarter 2024 financial results on February 25, 2025, after market close [1] - A live Zoom webinar will be held at 5 p.m. ET on the same day to discuss the financial results [1][2] - An archived replay of the webinar will be available after the call [2] Upcoming Events - Axon will participate in the Morgan Stanley Technology, Media & Telecom Conference on March 3, 2025 [3] Company Overview - Axon is a leader in global public safety technology, aiming to reduce gun-related deaths between police and the public by 50% by 2033 [4] - The company is developing a comprehensive public safety operating system that includes hardware devices and cloud software solutions [4] - Axon's product suite includes TASER devices, body cameras, in-car cameras, digital evidence management solutions, and productivity software [4] - The company serves a diverse customer base, including law enforcement, fire services, corrections, emergency medical services, and the justice sector [4]

Company Performance - Axon Enterprise (AXON) closed at $665.08, reflecting a -0.62% change from the previous session, underperforming the S&P 500's daily loss of 0.27% [1] - Over the past month, shares of Axon have increased by 15.43%, outperforming the Aerospace sector's gain of 4.52% and the S&P 500's gain of 4.27% [2] Upcoming Earnings - The company is expected to report an EPS of $1.51, representing a 34.82% increase from the prior-year quarter, with a consensus revenue estimate of $567.56 million, indicating a 31.34% increase from the same quarter last year [3] Analyst Projections - Recent shifts in analyst projections for Axon Enterprise should be monitored, as upward revisions indicate analysts' positive outlook on the company's business operations and profit generation capabilities [4] Valuation Metrics - Axon Enterprise has a Forward P/E ratio of 103.03, significantly higher than the industry average of 30.7, and a PEG ratio of 3.46 compared to the industry average of 2.47 [7] Industry Context - The Aerospace - Defense Equipment industry, which includes Axon, has a Zacks Industry Rank of 138, placing it in the bottom 46% of over 250 industries, suggesting that the industry is underperforming compared to the top half [8]

Group 1 - Axon Enterprise is part of the Aerospace group, which consists of 51 companies and is currently ranked 6 in the Zacks Sector Rank [2] - The Zacks Rank system indicates that Axon Enterprise has a Zacks Rank of 2 (Buy), suggesting a favorable outlook for the stock [3] - Over the past 90 days, the Zacks Consensus Estimate for Axon's full-year earnings has increased by 2.2%, indicating improved analyst sentiment [4] Group 2 - Year-to-date, Axon Enterprise has returned approximately 9.7%, significantly outperforming the average return of 2.9% for Aerospace companies [4] - In comparison, RTX has achieved a year-to-date return of 11.4% and also holds a Zacks Rank of 2 (Buy) [5] - Axon Enterprise belongs to the Aerospace - Defense Equipment industry, which includes 26 companies and has an average gain of 1.1% this year, further highlighting Axon's strong performance [6] Group 3 - Investors should monitor both Axon Enterprise and RTX for potential continued strong performance in the Aerospace sector [7]

Defense stocks were in focus after the inauguration of U.S. President Donald Trump, and could present an intriguing opportunity for investors looking to extend Wall Street's tailwinds into February. According to data from Schaeffer's Senior Quantitative Analyst Rocky White, Axon Enterprise Inc (NASDAQ:AXON) and Northrop Grumman Corp (NYSE:NOC) are among the best names to own next month.AXON and NOC averaged impressive February gains of 8% and 4.1% over the past 10 years, respectively, both finishing higher ...

Core Viewpoint - Axon Enterprise, Inc. has experienced significant stock price appreciation, outperforming both the industry and the S&P 500, driven by strong demand in its TASER segment and strategic investments in technology [1][5][9]. Stock Performance - Axon's shares have surged 97.5% over the past six months, compared to the industry growth of 18.3% and S&P 500's 12.4% [1]. - The stock closed at $610.32, below its 52-week high of $698.67 and above its 52-week low of $247.04, indicating solid upward momentum [3]. Business Drivers - The TASER segment has seen a revenue increase of 32.1% year-over-year in the first nine months of 2024, driven by strong demand for TASER devices and virtual reality training services [5]. - The Software & Sensors segment's revenues increased by 34.2% in the same period, supported by a growing user base and higher average revenue per user [7]. - The introduction of the Axon Body 4 camera in April 2023 has generated significant demand, further bolstering segment growth [8]. Financial Outlook - Axon projects revenues of $2.07 billion for 2024, reflecting a year-over-year growth of approximately 32%, with adjusted EBITDA expected to reach $510 million [9]. - The company's trailing 12-month return on equity (ROE) stands at 20.42%, significantly higher than the industry average of 10.93% [11]. Earnings Estimates - Earnings estimates for 2024 remain stable at $5.29 per share, while estimates for 2025 have increased by 0.3% to $6.50 per share [14]. Valuation Concerns - Axon's forward 12-month price-to-earnings (P/E) ratio is 92.48X, considerably higher than the industry average of 38.22X, which may pose risks if market sentiment declines [16]. Strategic Acquisitions - The company has made strategic acquisitions, including Dedrone and Fusus, to enhance its product offerings and expand its market presence [10]. Growth Potential - Robust momentum in the TASER and Software & Sensors segments, along with investments in AI, drones, and robotics, positions the company favorably for future growth [17].

Among last year's top gainers was Axon Enterprise (AXON 0.95%), which makes tech-based software and hardware for the law enforcement and public safety industries.Axon has been a winning stock for a long time, but 2024 was a breakout year with the stock's 130% gain making it one of the best performers in the S&P 500. Axon is launching new products and services, developing an artificial intelligence (AI) platform, and benefiting from tailwinds in its industry. Can it double again this year?Tailwinds and high ...

Company Overview - Axon Enterprise is a relatively unknown company with few direct competitors, operating in a growing market that could potentially explode [2] - The company is known for its Taser brand of non-lethal conducted-energy devices, body cameras, stationary security cameras, security and recording software, and security drones [4] - Axon provides comprehensive training for the effective use of its technological tools [4] - The company generates approximately $2 billion in annual revenue and has a market capitalization of just under $50 billion [5] - Axon is consistently profitable and increasingly so, with projected top-line growth of nearly 33% [5][6] - Earnings per share are expected to rise from $4.14 in 2023 to $5.24 in 2024, and further to $6.29 in the following year [6] Market Opportunity - The security technology industry is growing, with the body cam market alone expected to grow at an annualized pace of 16% through 2030, according to Mordor Intelligence [9] - Business Research Insights projects the body cam market to grow at a rate closer to 34% annually, reaching a value of over $24 billion [9] - The increasing prevalence and confrontational nature of interactions with law enforcement professionals are driving the popularity of body cams, as they protect the innocent and provide evidence in case of litigation [10] Competitive Advantages - Axon offers a one-stop, all-encompassing solution for law enforcement, including body cameras, software for evidence management, and tools for report writing [11] - The company provides virtual reality-based training for its non-lethal weapons and sensors that automatically activate body-worn cameras during potential interactions [12] - Axon's solutions are custom-built and turnkey, making them easy for agencies and police departments to adopt and use [13] Growth Drivers - Axon's drone technology, including the Axon Air aerial drone and Sky Hero, offers new tools for emergency responders, providing real-time information in inaccessible or unsafe areas [15][16] - The police drone market is expected to grow at an annualized rate of more than 11% through 2030, according to Lucintel [17] - Axon's drones are not limited to police departments and law enforcement agencies, offering additional revenue streams without cannibalizing existing business [17] Investment Potential - Axon is a high-growth stock with significant near-term and long-term upside potential, despite its steep valuation and potential volatility [18] - The company has demonstrated the ability to drive sales and earnings growth regardless of economic conditions, making it a compelling pick for investors [19]

The most recent trading session ended with Axon Enterprise (AXON) standing at $593.89, reflecting a +1.37% shift from the previouse trading day's closing. This move outpaced the S&P 500's daily gain of 1%. Elsewhere, the Dow gained 0.78%, while the tech-heavy Nasdaq added 1.51%.Shares of the maker of stun guns and body cameras have depreciated by 4.85% over the course of the past month, underperforming the Aerospace sector's loss of 0.45% and the S&P 500's loss of 2.14%.Market participants will be closely f ...

Shares of Axon Enterprise (AXON -1.01%) were soaring last year as the law enforcement tech company continued to show brisk growth and introduce new products. The maker of products like Tasers and police body cameras also rose following the election on hopes that Trump administration policies like mass deportation would lead to more spending on its products by law enforcement agencies.The tech stock finished the year up 130%, according to data from S&P Global Market Intelligence.As you can see from the chart ...

Despite more than doubling in 2024, the body camera specialist is ready to record another strong year.Stunning and camera ready, Axon Enterprise (AXON 2.72%) has been a portfolio game changer for long-term investors. The stock more than doubled last year and nearly quadrupled over the past three years, and it happens to be a 20-bagger since I bought in several years ago.That said, hot stocks cool off, making Axon perhaps a puzzling choice as a top stock to buy this month. The maker of namesake wearable body ...