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Axon Enterprise (AXON) Competitors

Axon Enterprise logo
$541.12 -6.14 (-1.12%)
Closing price 04:00 PM Eastern
Extended Trading
$543.69 +2.57 (+0.47%)
As of 05:26 PM Eastern
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AXON vs. FTNT, NOW, CVLT, QLYS, and PRGS

Should you buy Axon Enterprise stock or one of its competitors? MarketBeat compares Axon Enterprise with other companies and stocks that may be similar based on industry, sector, market capitalization, business model, investor interest, or shared news coverage. Companies and stocks commonly compared with Axon Enterprise include Fortinet (FTNT), ServiceNow (NOW), CommVault Systems (CVLT), Qualys (QLYS), and Progress Software (PRGS). These companies are all part of the "systems software" industry.

How does Axon Enterprise compare to Fortinet?

Fortinet (NASDAQ:FTNT) and Axon Enterprise (NASDAQ:AXON) are both large-cap systems software companies, but which is the superior stock? We will contrast the two companies based on the strength of their earnings, risk, profitability, dividends, valuation, media sentiment, analyst recommendations and institutional ownership.

Fortinet has a net margin of 27.49% compared to Axon Enterprise's net margin of 6.90%. Fortinet's return on equity of 160.08% beat Axon Enterprise's return on equity.

Company Net Margins Return on Equity Return on Assets
Fortinet27.49% 160.08% 19.96%
Axon Enterprise 6.90%3.78%1.76%

Fortinet has higher revenue and earnings than Axon Enterprise. Fortinet is trading at a lower price-to-earnings ratio than Axon Enterprise, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Fortinet$6.80B17.72$1.85B$2.5963.49
Axon Enterprise$2.98B14.62$124.66M$2.49217.32

Fortinet has a beta of 1.09, indicating that its stock price is 9% more volatile than the broader market. Comparatively, Axon Enterprise has a beta of 1.38, indicating that its stock price is 38% more volatile than the broader market.

In the previous week, Fortinet had 14 more articles in the media than Axon Enterprise. MarketBeat recorded 38 mentions for Fortinet and 24 mentions for Axon Enterprise. Axon Enterprise's average media sentiment score of 0.95 beat Fortinet's score of 0.91 indicating that Axon Enterprise is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Fortinet
21 Very Positive mention(s)
4 Positive mention(s)
7 Neutral mention(s)
2 Negative mention(s)
1 Very Negative mention(s)
Positive
Axon Enterprise
15 Very Positive mention(s)
1 Positive mention(s)
5 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

83.7% of Fortinet shares are owned by institutional investors. Comparatively, 79.1% of Axon Enterprise shares are owned by institutional investors. 17.6% of Fortinet shares are owned by company insiders. Comparatively, 4.2% of Axon Enterprise shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.

Fortinet currently has a consensus target price of $112.26, suggesting a potential downside of 31.73%. Axon Enterprise has a consensus target price of $725.25, suggesting a potential upside of 34.03%. Given Axon Enterprise's stronger consensus rating and higher possible upside, analysts plainly believe Axon Enterprise is more favorable than Fortinet.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Fortinet
5 Sell rating(s)
24 Hold rating(s)
6 Buy rating(s)
1 Strong Buy rating(s)
2.08
Axon Enterprise
0 Sell rating(s)
3 Hold rating(s)
15 Buy rating(s)
0 Strong Buy rating(s)
2.83

Summary

Fortinet beats Axon Enterprise on 11 of the 17 factors compared between the two stocks.

How does Axon Enterprise compare to ServiceNow?

Axon Enterprise (NASDAQ:AXON) and ServiceNow (NYSE:NOW) are both large-cap systems software companies, but which is the better business? We will contrast the two companies based on the strength of their earnings, dividends, institutional ownership, profitability, valuation, analyst recommendations, media sentiment and risk.

ServiceNow has higher revenue and earnings than Axon Enterprise. ServiceNow is trading at a lower price-to-earnings ratio than Axon Enterprise, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Axon Enterprise$2.98B14.62$124.66M$2.49217.32
ServiceNow$13.28B8.14$1.75B$1.6862.37

ServiceNow has a net margin of 12.59% compared to Axon Enterprise's net margin of 6.90%. ServiceNow's return on equity of 18.16% beat Axon Enterprise's return on equity.

Company Net Margins Return on Equity Return on Assets
Axon Enterprise6.90% 3.78% 1.76%
ServiceNow 12.59%18.16%9.04%

Axon Enterprise has a beta of 1.38, meaning that its share price is 38% more volatile than the broader market. Comparatively, ServiceNow has a beta of 0.96, meaning that its share price is 4% less volatile than the broader market.

Axon Enterprise currently has a consensus price target of $725.25, suggesting a potential upside of 34.03%. ServiceNow has a consensus price target of $140.80, suggesting a potential upside of 34.38%. Given ServiceNow's higher probable upside, analysts clearly believe ServiceNow is more favorable than Axon Enterprise.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Axon Enterprise
0 Sell rating(s)
3 Hold rating(s)
15 Buy rating(s)
0 Strong Buy rating(s)
2.83
ServiceNow
2 Sell rating(s)
4 Hold rating(s)
35 Buy rating(s)
1 Strong Buy rating(s)
2.83

In the previous week, ServiceNow had 49 more articles in the media than Axon Enterprise. MarketBeat recorded 73 mentions for ServiceNow and 24 mentions for Axon Enterprise. Axon Enterprise's average media sentiment score of 0.95 beat ServiceNow's score of 0.88 indicating that Axon Enterprise is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Axon Enterprise
15 Very Positive mention(s)
1 Positive mention(s)
5 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
ServiceNow
49 Very Positive mention(s)
8 Positive mention(s)
5 Neutral mention(s)
6 Negative mention(s)
3 Very Negative mention(s)
Positive

79.1% of Axon Enterprise shares are held by institutional investors. Comparatively, 87.2% of ServiceNow shares are held by institutional investors. 4.2% of Axon Enterprise shares are held by company insiders. Comparatively, 0.3% of ServiceNow shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.

Summary

ServiceNow beats Axon Enterprise on 10 of the 16 factors compared between the two stocks.

How does Axon Enterprise compare to CommVault Systems?

CommVault Systems (NASDAQ:CVLT) and Axon Enterprise (NASDAQ:AXON) are both systems software companies, but which is the superior stock? We will compare the two businesses based on the strength of their earnings, risk, valuation, profitability, dividends, analyst recommendations, media sentiment and institutional ownership.

CommVault Systems currently has a consensus target price of $138.67, suggesting a potential downside of 5.11%. Axon Enterprise has a consensus target price of $725.25, suggesting a potential upside of 34.03%. Given Axon Enterprise's stronger consensus rating and higher possible upside, analysts clearly believe Axon Enterprise is more favorable than CommVault Systems.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
CommVault Systems
0 Sell rating(s)
8 Hold rating(s)
10 Buy rating(s)
1 Strong Buy rating(s)
2.63
Axon Enterprise
0 Sell rating(s)
3 Hold rating(s)
15 Buy rating(s)
0 Strong Buy rating(s)
2.83

CommVault Systems has a beta of 0.79, suggesting that its share price is 21% less volatile than the broader market. Comparatively, Axon Enterprise has a beta of 1.38, suggesting that its share price is 38% more volatile than the broader market.

Axon Enterprise has a net margin of 6.90% compared to CommVault Systems' net margin of 5.97%. CommVault Systems' return on equity of 51.64% beat Axon Enterprise's return on equity.

Company Net Margins Return on Equity Return on Assets
CommVault Systems5.97% 51.64% 5.88%
Axon Enterprise 6.90%3.78%1.76%

93.5% of CommVault Systems shares are owned by institutional investors. Comparatively, 79.1% of Axon Enterprise shares are owned by institutional investors. 0.9% of CommVault Systems shares are owned by company insiders. Comparatively, 4.2% of Axon Enterprise shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.

In the previous week, CommVault Systems had 11 more articles in the media than Axon Enterprise. MarketBeat recorded 35 mentions for CommVault Systems and 24 mentions for Axon Enterprise. Axon Enterprise's average media sentiment score of 0.95 beat CommVault Systems' score of 0.19 indicating that Axon Enterprise is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
CommVault Systems
5 Very Positive mention(s)
0 Positive mention(s)
28 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Axon Enterprise
15 Very Positive mention(s)
1 Positive mention(s)
5 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Axon Enterprise has higher revenue and earnings than CommVault Systems. CommVault Systems is trading at a lower price-to-earnings ratio than Axon Enterprise, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
CommVault Systems$1.18B5.11$70.66M$1.5991.91
Axon Enterprise$2.98B14.62$124.66M$2.49217.32

Summary

Axon Enterprise beats CommVault Systems on 12 of the 17 factors compared between the two stocks.

How does Axon Enterprise compare to Qualys?

Axon Enterprise (NASDAQ:AXON) and Qualys (NASDAQ:QLYS) are both systems software companies, but which is the better business? We will compare the two businesses based on the strength of their risk, earnings, media sentiment, profitability, dividends, valuation, analyst recommendations and institutional ownership.

Qualys has a net margin of 29.41% compared to Axon Enterprise's net margin of 6.90%. Qualys' return on equity of 37.15% beat Axon Enterprise's return on equity.

Company Net Margins Return on Equity Return on Assets
Axon Enterprise6.90% 3.78% 1.76%
Qualys 29.41%37.15%19.09%

Qualys has lower revenue, but higher earnings than Axon Enterprise. Qualys is trading at a lower price-to-earnings ratio than Axon Enterprise, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Axon Enterprise$2.98B14.62$124.66M$2.49217.32
Qualys$669.12M8.39$198.32M$5.5728.60

Axon Enterprise presently has a consensus price target of $725.25, suggesting a potential upside of 34.03%. Qualys has a consensus price target of $133.13, suggesting a potential downside of 16.44%. Given Axon Enterprise's stronger consensus rating and higher possible upside, analysts plainly believe Axon Enterprise is more favorable than Qualys.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Axon Enterprise
0 Sell rating(s)
3 Hold rating(s)
15 Buy rating(s)
0 Strong Buy rating(s)
2.83
Qualys
1 Sell rating(s)
12 Hold rating(s)
3 Buy rating(s)
1 Strong Buy rating(s)
2.24

In the previous week, Axon Enterprise had 17 more articles in the media than Qualys. MarketBeat recorded 24 mentions for Axon Enterprise and 7 mentions for Qualys. Axon Enterprise's average media sentiment score of 0.95 beat Qualys' score of 0.74 indicating that Axon Enterprise is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Axon Enterprise
15 Very Positive mention(s)
1 Positive mention(s)
5 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Qualys
2 Very Positive mention(s)
1 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Axon Enterprise has a beta of 1.38, suggesting that its share price is 38% more volatile than the broader market. Comparatively, Qualys has a beta of 0.61, suggesting that its share price is 39% less volatile than the broader market.

79.1% of Axon Enterprise shares are owned by institutional investors. Comparatively, 99.3% of Qualys shares are owned by institutional investors. 4.2% of Axon Enterprise shares are owned by company insiders. Comparatively, 0.7% of Qualys shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.

Summary

Axon Enterprise beats Qualys on 10 of the 17 factors compared between the two stocks.

How does Axon Enterprise compare to Progress Software?

Axon Enterprise (NASDAQ:AXON) and Progress Software (NASDAQ:PRGS) are both systems software companies, but which is the better investment? We will compare the two companies based on the strength of their risk, dividends, earnings, profitability, valuation, analyst recommendations, media sentiment and institutional ownership.

Axon Enterprise currently has a consensus target price of $725.25, suggesting a potential upside of 34.03%. Progress Software has a consensus target price of $49.67, suggesting a potential upside of 27.58%. Given Axon Enterprise's stronger consensus rating and higher probable upside, equities analysts clearly believe Axon Enterprise is more favorable than Progress Software.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Axon Enterprise
0 Sell rating(s)
3 Hold rating(s)
15 Buy rating(s)
0 Strong Buy rating(s)
2.83
Progress Software
1 Sell rating(s)
1 Hold rating(s)
5 Buy rating(s)
0 Strong Buy rating(s)
2.57

79.1% of Axon Enterprise shares are owned by institutional investors. 4.2% of Axon Enterprise shares are owned by insiders. Comparatively, 4.1% of Progress Software shares are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.

Axon Enterprise has a beta of 1.38, suggesting that its stock price is 38% more volatile than the broader market. Comparatively, Progress Software has a beta of 0.82, suggesting that its stock price is 18% less volatile than the broader market.

Progress Software has a net margin of 8.87% compared to Axon Enterprise's net margin of 6.90%. Progress Software's return on equity of 43.07% beat Axon Enterprise's return on equity.

Company Net Margins Return on Equity Return on Assets
Axon Enterprise6.90% 3.78% 1.76%
Progress Software 8.87%43.07%8.78%

Axon Enterprise has higher revenue and earnings than Progress Software. Progress Software is trading at a lower price-to-earnings ratio than Axon Enterprise, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Axon Enterprise$2.98B14.62$124.66M$2.49217.32
Progress Software$977.83M1.63$73.13M$2.0618.90

In the previous week, Axon Enterprise had 20 more articles in the media than Progress Software. MarketBeat recorded 24 mentions for Axon Enterprise and 4 mentions for Progress Software. Progress Software's average media sentiment score of 1.24 beat Axon Enterprise's score of 0.95 indicating that Progress Software is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Axon Enterprise
15 Very Positive mention(s)
1 Positive mention(s)
5 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Progress Software
2 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Summary

Axon Enterprise beats Progress Software on 12 of the 16 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding AXON and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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AXON vs. The Competition

MetricAxon EnterpriseAEROSP/DEF EQ IndustryAerospace SectorNASDAQ Exchange
Market Cap$43.62B$20.72B$31.40B$12.66B
Dividend YieldN/A0.63%0.90%8.42%
P/E Ratio217.3262.2943.8324.38
Price / Sales14.627.41171.6491.95
Price / Cash231.9538.0728.7759.39
Price / Book13.178.327.836.32
Net Income$124.66M$509.46M$903.77M$331.55M
7 Day Performance-9.78%-2.63%-2.83%0.08%
1 Month Performance22.09%-3.61%-6.62%-0.76%
1 Year Performance-27.45%35.29%22.36%20.67%

Axon Enterprise Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
AXON
Axon Enterprise
4.3334 of 5 stars
$541.12
-1.1%
$725.25
+34.0%
-27.1%$43.62B$2.98B217.326,300
FTNT
Fortinet
3.4023 of 5 stars
$161.05
+3.1%
$107.58
-33.2%
+62.0%$118.08B$7.11B62.2315,109
NOW
ServiceNow
4.524 of 5 stars
$107.95
+1.5%
$141.68
+31.2%
-45.5%$111.47B$13.28B64.4329,187
CVLT
CommVault Systems
2.2035 of 5 stars
$151.49
+1.0%
$136.33
-10.0%
-12.4%$6.27B$1.18B95.283,300
QLYS
Qualys
2.4839 of 5 stars
$157.65
+6.4%
$132.29
-16.1%
+17.9%$5.55B$669.12M28.312,625

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This page (NASDAQ:AXON) was last updated on 7/15/2026 by MarketBeat.com Staff.
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