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S&P 500   4,320.06
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Minnesota's would-be head of cannabis regulation quits amid reports she sold illegal products
New Breakthrough "Living Software" Has Been… (Ad)
Speaker McCarthy is giving hard-right Republicans what they want. But it never seems to be enough.
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
This Stock Could Go Up 66% or More. (Ad)
Leading Egyptian opposition politician targeted with spyware, researchers find
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
Birthplace of the atomic bomb braces for its biggest mission since the top-secret Manhattan Project
"This Could be the Biggest Stock Story of 2023" (Ad)
MILAN FASHION PHOTOS: Naomi Campbell stuns at Dolce&Gabbana in collection highlighting lingerie
Minnesota's would-be head of cannabis regulation quits amid reports she sold illegal products
New Breakthrough "Living Software" Has Been… (Ad)
Speaker McCarthy is giving hard-right Republicans what they want. But it never seems to be enough.
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
This Stock Could Go Up 66% or More. (Ad)
Leading Egyptian opposition politician targeted with spyware, researchers find
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
Birthplace of the atomic bomb braces for its biggest mission since the top-secret Manhattan Project
"This Could be the Biggest Stock Story of 2023" (Ad)
MILAN FASHION PHOTOS: Naomi Campbell stuns at Dolce&Gabbana in collection highlighting lingerie
Minnesota's would-be head of cannabis regulation quits amid reports she sold illegal products
New Breakthrough "Living Software" Has Been… (Ad)
Speaker McCarthy is giving hard-right Republicans what they want. But it never seems to be enough.
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
This Stock Could Go Up 66% or More. (Ad)
Leading Egyptian opposition politician targeted with spyware, researchers find
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home

Axon Enterprise (AXON) Stock Forecast, Price & News

$195.42
-0.71 (-0.36%)
(As of 09/22/2023 ET)
Compare
Today's Range
$194.50
$197.57
50-Day Range
$175.73
$216.06
52-Week Range
$109.31
$229.95
Volume
369,204 shs
Average Volume
453,804 shs
Market Capitalization
$14.61 billion
P/E Ratio
145.84
Dividend Yield
N/A
Price Target
$244.73

Axon Enterprise MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.90 Rating Score
Upside/​Downside
25.2% Upside
$244.73 Price Target
Short Interest
Healthy
2.86% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.08mentions of Axon Enterprise in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$9.72 M Sold Last Quarter
Proj. Earnings Growth
13.78%
From $1.96 to $2.23 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.64 out of 5 stars

Industrial Products Sector

49th out of 177 stocks

Ordnance & Accessories, Except Vehicles & Guided Missiles Industry

2nd out of 6 stocks


AXON stock logo

About Axon Enterprise (NASDAQ:AXON) Stock

Axon Enterprise, Inc. is a leading provider of law enforcement technology solutions that enable using less-lethal weapons, body cameras, and cloud-based software. The company's mission is to protect life by providing innovative solutions that increase transparency and accountability in law enforcement. Axon's products and services include body-worn cameras, digital evidence management software, less-lethal weapons, and crime scene investigation tools.

Axon's primary target market is law enforcement agencies in the United States and abroad. The company's key customers include police departments, sheriff's offices, and federal law enforcement agencies. Axon is headquartered in Scottsdale, Arizona, with additional offices in Seattle, Washington, and London, UK. The company was founded in 1993 as TASER International Inc. and rebranded as Axon in 2017. Axon has also been recognized for its corporate social responsibility efforts, including its commitment to reducing the environmental impact of its products and operations.

Axon's management team is led by Chief Executive Officer and founder Patrick (Rick) Smith, who has been with the company since its inception. Before founding Axon, Smith worked as a software engineer at Honeywell and Intel. He has a bachelor's degree in electrical engineering from Harvard University and a master's from Stanford University.

Axon has experienced strong revenue growth over the past few years, driven by law enforcement agencies' adoption of body cameras and digital evidence management software. The company has been reporting increasing revenue each year for the past several years, and in 2022 it reached a milestone reaching meaningful profitability numbers for the first time. Axon's profit margins have also improved over the past few years, with the company reporting a gross margin averaging around 60%. Axon has a relatively low debt and more than enough assets to cover the company's debts. 

Axon's valuation metrics are relatively high compared to its industry peers, reflecting its strong growth prospects and leadership position in the law enforcement technology market. Axon's price-to-earnings ratio and price-to-book ratio are much higher than industry peers. Axon's stock price has experienced significant volatility over the past few years, driven by various factors, including regulatory changes, news events, and earnings reports. 

Axon Enterprise operates in the law enforcement technology industry, providing products and services to improve public safety. The company primarily focuses on producing and selling conducted electrical weapons (CEWs), body-worn cameras, and software solutions designed to streamline the law enforcement process.

The market for law enforcement technology is highly competitive, with major players such as Motorola Solutions, Inc. and Digital Ally Inc. competing for market share. The industry is also highly regulated, with stringent quality control and safety standards in place. Any missteps or quality issues could damage the company's reputation and lead to regulatory action.

One of Axon's key advantages in the market is its strong brand recognition and reputation for quality. The company's body-worn cameras are considered the best in the industry, and its software solutions are highly regarded. In addition, the company has built a loyal customer base over the years, with a significant percentage of its revenue coming from repeat business.

The law enforcement technology industry is facing significant headwinds. The ongoing debate around police reform and the use of force by law enforcement officers has led to increased scrutiny of companies like Axon, and there is a risk that sales could decline as a result. In addition, the industry is facing pressure from lower-cost competitors, and there is a risk that Axon's pricing strategy could become less effective in the face of increasing competition.

AXON Price History

AXON Stock News Headlines

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AXON Company Calendar

Last Earnings
8/08/2023
Today
9/24/2023
Next Earnings (Estimated)
11/14/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Ordnance & accessories, except vehicles & guided missiles
Sub-Industry
Systems Software
Current Symbol
NASDAQ:AXON
Employees
3,734
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$244.73
High Stock Price Forecast
$309.00
Low Stock Price Forecast
$223.00
Forecasted Upside/Downside
+25.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.90
Research Coverage
10 Analysts

Profitability

Net Income
$147.14 million
Pretax Margin
6.25%

Debt

Sales & Book Value

Annual Sales
$1.19 billion
Cash Flow
$1.38 per share
Book Value
$17.83 per share

Miscellaneous

Free Float
70,200,000
Market Cap
$14.61 billion
Optionable
Optionable
Beta
0.87
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Key Executives

  • Mr. Patrick W. SmithMr. Patrick W. Smith (Age 52)
    Founder, CEO & Director
    Comp: $33.2k
  • Mr. Joshua M. IsnerMr. Joshua M. Isner (Age 37)
    Pres
    Comp: $1.7M
  • Ms. Brittany  BagleyMs. Brittany Bagley (Age 40)
    COO, CFO & Chief Bus. Officer
    Comp: $642.66k
  • Mr. Jeffrey C. KuninsMr. Jeffrey C. Kunins (Age 47)
    Chief Product Officer & CTO
    Comp: $779.77k
  • Mr. Jenner Holden
    Chief Information Security Officer
  • Mr. Isaiah Fields
    Corp. Sec. & Chief Legal Officer
  • Ms. Andrea Susan James
    Chief Communications Officer
  • Ms. Abigail Stock B.A.
    Exec. VP of Marketing
  • Ms. Elizabeth Hart
    Exec. VP of People Operations
  • Mr. Josh Goldman
    Exec. VP of Operations













AXON Stock - Frequently Asked Questions

Should I buy or sell Axon Enterprise stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Axon Enterprise in the last twelve months. There are currently 1 hold rating and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" AXON shares.
View AXON analyst ratings
or view top-rated stocks.

What is Axon Enterprise's stock price forecast for 2023?

10 brokerages have issued 12 month target prices for Axon Enterprise's shares. Their AXON share price forecasts range from $223.00 to $309.00. On average, they expect the company's share price to reach $244.73 in the next year. This suggests a possible upside of 25.2% from the stock's current price.
View analysts price targets for AXON
or view top-rated stocks among Wall Street analysts.

How have AXON shares performed in 2023?

Axon Enterprise's stock was trading at $165.93 at the beginning of 2023. Since then, AXON stock has increased by 17.8% and is now trading at $195.42.
View the best growth stocks for 2023 here
.

Are investors shorting Axon Enterprise?

Axon Enterprise saw a decline in short interest during the month of August. As of August 31st, there was short interest totaling 2,140,000 shares, a decline of 16.4% from the August 15th total of 2,560,000 shares. Based on an average trading volume of 702,500 shares, the days-to-cover ratio is currently 3.0 days.
View Axon Enterprise's Short Interest
.

When is Axon Enterprise's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our AXON earnings forecast
.

How were Axon Enterprise's earnings last quarter?

Axon Enterprise, Inc. (NASDAQ:AXON) announced its quarterly earnings data on Tuesday, August, 8th. The biotechnology company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.33 by $0.47. The biotechnology company earned $374.61 million during the quarter, compared to the consensus estimate of $347.53 million. Axon Enterprise had a trailing twelve-month return on equity of 10.88% and a net margin of 7.24%.

What guidance has Axon Enterprise issued on next quarter's earnings?

Axon Enterprise updated its FY 2023 earnings guidance on Tuesday, August, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.51 billion-$1.53 billion, compared to the consensus revenue estimate of $1.46 billion.

What other stocks do shareholders of Axon Enterprise own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Axon Enterprise investors own include Novavax (NVAX), NVIDIA (NVDA), Netflix (NFLX), Alibaba Group (BABA), Micron Technology (MU), TherapeuticsMD (TXMD), ACADIA Pharmaceuticals (ACAD), bluebird bio (BLUE) and Arena Pharmaceuticals (ARNA).

When did Axon Enterprise IPO?

(AXON) raised $251 million in an initial public offering on Thursday, June 11th 2015. The company issued 17,900,000 shares at $13.00-$15.00 per share. Jefferies, Evercore ISI and RBC Capital Markets served as the underwriters for the IPO and JMP Securities and Baird were co-managers.

What is Axon Enterprise's stock symbol?

Axon Enterprise trades on the NASDAQ under the ticker symbol "AXON."

Who are Axon Enterprise's major shareholders?

Axon Enterprise's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.84%), Capital International Investors (4.16%), State Street Corp (3.90%), Sands Capital Management LLC (2.67%), Franklin Resources Inc. (2.20%) and Geode Capital Management LLC (2.12%). Insiders that own company stock include Adriane M Brown, Brittany Bagley, Caitlin Elizabeth Kalinowski, Hadi Partovi, Jawad A Ahsan, Jeffrey C Kunins, Joshua Isner, Julie A Cullivan, Luke Larson, Mark W Kroll, Matthew R Mcbrady, Matthew R Mcbrady, Michael Garnreiter and Patrick W Smith.
View institutional ownership trends
.

How do I buy shares of Axon Enterprise?

Shares of AXON stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Axon Enterprise's stock price today?

One share of AXON stock can currently be purchased for approximately $195.42.

How much money does Axon Enterprise make?

Axon Enterprise (NASDAQ:AXON) has a market capitalization of $14.61 billion and generates $1.19 billion in revenue each year. The biotechnology company earns $147.14 million in net income (profit) each year or $1.34 on an earnings per share basis.

How many employees does Axon Enterprise have?

The company employs 3,734 workers across the globe.

How can I contact Axon Enterprise?

Axon Enterprise's mailing address is 20-22 BEDFORD ROW, LONDON X0, WC1R 4JS. The official website for the company is www.axovant.com. The biotechnology company can be reached via phone at (480) 991-0797, via email at ir@axon.com, or via fax at 480-991-0791.

This page (NASDAQ:AXON) was last updated on 9/24/2023 by MarketBeat.com Staff

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