Axon (AXON) Stock Jumps 3%: Will It Continue to Soar?

Company Overview - Axon Enterprise (AXON) shares increased by 3% to $446.97 in the last trading session, following a significant volume of shares traded, despite a 31.3% loss over the past four weeks [1] Business Segments - The growth in Axon's stock is primarily attributed to the strong performance of its Connected Devices segment, driven by high demand for TASER devices, virtual reality training services, and counter-drone equipment [2] - The popularity of the next-generation TASER 10 products, which began shipping in 2023, is also contributing to the segment's growth [2] Financial Performance - Axon is expected to report quarterly earnings of $1.67 per share, reflecting a year-over-year decline of 19.7%, while revenues are projected to reach $753.65 million, marking a 31% increase from the same quarter last year [3] - The consensus EPS estimate for Axon has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [4] Industry Context - Axon operates within the Zacks Aerospace - Defense Equipment industry, where another company, Airbus SE - Unsponsored ADR (EADSY), experienced a 1.4% decline in its last trading session and has returned -8.6% over the past month [4] - Airbus SE's consensus EPS estimate for its upcoming report is $0.88, representing a 7.3% increase from the previous year, with a Zacks Rank of 3 (Hold) [5]