Axon Enterprise Jumps 4.5% on Earnings and Record Taser Orders

Rich Duprey, The Motley Fool
·2-min read
Axon Enterprise Jumps 4.5% on Earnings and Record Taser Orders

Shares of Axon Enterprise (NASDAQ: AXON) were up 4.5% in afternoon trading Friday after the stun gun maker reported fourth-quarter earnings that handily beat analyst expectations. Axon has new competition in the connected law enforcement space after Motorola Systems (NYSE: MSI) introduced a suite of products it's billing as video as a service. Sales of the Taser 7, Axon's latest cloud-connected CEW, surged 61% in the quarter, driven in good part by a $20 million order placed by an international customer.