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Axon Enterprise (AXON) Competitors

Axon Enterprise logo
$481.48 -8.64 (-1.76%)
Closing price 06/3/2026 04:00 PM Eastern
Extended Trading
$478.24 -3.24 (-0.67%)
As of 06/3/2026 07:59 PM Eastern
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AXON vs. NOW, FTNT, CVLT, QLYS, and AI

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 ServiceNow (NOW), Fortinet (FTNT), CommVault Systems (CVLT), Qualys (QLYS), and C3.ai (AI). These companies are all part of the "systems software" industry.

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 analyst recommendations, earnings, institutional ownership, risk, dividends, media sentiment, valuation and profitability.

Axon Enterprise has a beta of 1.45, meaning that its stock price is 45% more volatile than the broader market. Comparatively, ServiceNow has a beta of 0.94, meaning that its stock price is 6% less volatile than the broader market.

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 insiders. Comparatively, 0.3% of ServiceNow shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.

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%

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$2.78B13.96$124.66M$2.49193.37
ServiceNow$13.28B9.15$1.75B$1.6870.15

Axon Enterprise currently has a consensus price target of $712.75, suggesting a potential upside of 48.03%. ServiceNow has a consensus price target of $141.85, suggesting a potential upside of 20.35%. Given Axon Enterprise's stronger consensus rating and higher possible upside, analysts plainly believe Axon Enterprise is more favorable than ServiceNow.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Axon Enterprise
0 Sell rating(s)
2 Hold rating(s)
16 Buy rating(s)
1 Strong Buy rating(s)
2.95
ServiceNow
1 Sell rating(s)
5 Hold rating(s)
35 Buy rating(s)
2 Strong Buy rating(s)
2.88

In the previous week, ServiceNow had 96 more articles in the media than Axon Enterprise. MarketBeat recorded 123 mentions for ServiceNow and 27 mentions for Axon Enterprise. ServiceNow's average media sentiment score of 1.02 beat Axon Enterprise's score of 0.98 indicating that ServiceNow is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Axon Enterprise
18 Very Positive mention(s)
1 Positive mention(s)
3 Neutral mention(s)
2 Negative mention(s)
0 Very Negative mention(s)
Positive
ServiceNow
80 Very Positive mention(s)
12 Positive mention(s)
21 Neutral mention(s)
5 Negative mention(s)
4 Very Negative mention(s)
Positive

Summary

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

How does Axon Enterprise compare to Fortinet?

Axon Enterprise (NASDAQ:AXON) and Fortinet (NASDAQ:FTNT) 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 risk, analyst recommendations, earnings, institutional ownership, valuation, dividends, profitability and media sentiment.

79.1% of Axon Enterprise shares are held by institutional investors. Comparatively, 83.7% of Fortinet shares are held by institutional investors. 4.2% of Axon Enterprise shares are held by company insiders. Comparatively, 17.6% of Fortinet shares are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.

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
Axon Enterprise6.90% 3.78% 1.76%
Fortinet 27.49%160.08%19.96%

Axon Enterprise currently has a consensus target price of $712.75, suggesting a potential upside of 48.03%. Fortinet has a consensus target price of $102.69, suggesting a potential downside of 29.90%. Given Axon Enterprise's stronger consensus rating and higher probable upside, equities analysts plainly believe Axon Enterprise is more favorable than Fortinet.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Axon Enterprise
0 Sell rating(s)
2 Hold rating(s)
16 Buy rating(s)
1 Strong Buy rating(s)
2.95
Fortinet
4 Sell rating(s)
24 Hold rating(s)
5 Buy rating(s)
2 Strong Buy rating(s)
2.14

Axon Enterprise has a beta of 1.45, meaning that its share price is 45% more volatile than the broader market. Comparatively, Fortinet has a beta of 1.11, meaning that its share price is 11% more volatile than the broader market.

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
Axon Enterprise$2.78B13.96$124.66M$2.49193.37
Fortinet$6.80B15.78$1.85B$2.5956.56

In the previous week, Axon Enterprise had 3 more articles in the media than Fortinet. MarketBeat recorded 27 mentions for Axon Enterprise and 24 mentions for Fortinet. Fortinet's average media sentiment score of 1.37 beat Axon Enterprise's score of 0.98 indicating that Fortinet is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Axon Enterprise
18 Very Positive mention(s)
1 Positive mention(s)
3 Neutral mention(s)
2 Negative mention(s)
0 Very Negative mention(s)
Positive
Fortinet
16 Very Positive mention(s)
2 Positive mention(s)
2 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive

Summary

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

How does Axon Enterprise compare to CommVault Systems?

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

79.1% of Axon Enterprise shares are held by institutional investors. Comparatively, 93.5% of CommVault Systems shares are held by institutional investors. 4.2% of Axon Enterprise shares are held by company insiders. Comparatively, 1.0% of CommVault Systems shares are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.

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
Axon Enterprise6.90% 3.78% 1.76%
CommVault Systems 5.97%51.64%5.88%

Axon Enterprise presently has a consensus price target of $712.75, indicating a potential upside of 48.03%. CommVault Systems has a consensus price target of $135.00, indicating a potential upside of 11.71%. Given Axon Enterprise's stronger consensus rating and higher probable upside, equities research analysts clearly believe Axon Enterprise is more favorable than CommVault Systems.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Axon Enterprise
0 Sell rating(s)
2 Hold rating(s)
16 Buy rating(s)
1 Strong Buy rating(s)
2.95
CommVault Systems
0 Sell rating(s)
8 Hold rating(s)
10 Buy rating(s)
1 Strong Buy rating(s)
2.63

In the previous week, CommVault Systems had 11 more articles in the media than Axon Enterprise. MarketBeat recorded 38 mentions for CommVault Systems and 27 mentions for Axon Enterprise. Axon Enterprise's average media sentiment score of 0.98 beat CommVault Systems' score of 0.23 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
18 Very Positive mention(s)
1 Positive mention(s)
3 Neutral mention(s)
2 Negative mention(s)
0 Very Negative mention(s)
Positive
CommVault Systems
4 Very Positive mention(s)
1 Positive mention(s)
31 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Neutral

Axon Enterprise has a beta of 1.45, suggesting that its share price is 45% more volatile than the broader market. Comparatively, CommVault Systems has a beta of 0.82, suggesting that its share price is 18% less volatile than the broader market.

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
Axon Enterprise$2.78B13.96$124.66M$2.49193.37
CommVault Systems$1.18B4.21$70.66M$1.5976.01

Summary

Axon Enterprise beats CommVault Systems on 12 of the 16 factors compared between the two stocks.

How does Axon Enterprise compare to Qualys?

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

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
Qualys29.41% 37.15% 19.09%
Axon Enterprise 6.90%3.78%1.76%

In the previous week, Axon Enterprise had 16 more articles in the media than Qualys. MarketBeat recorded 27 mentions for Axon Enterprise and 11 mentions for Qualys. Axon Enterprise's average media sentiment score of 0.98 beat Qualys' 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
Qualys
5 Very Positive mention(s)
1 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Axon Enterprise
18 Very Positive mention(s)
1 Positive mention(s)
3 Neutral mention(s)
2 Negative mention(s)
0 Very Negative mention(s)
Positive

Qualys currently has a consensus target price of $122.14, suggesting a potential upside of 9.44%. Axon Enterprise has a consensus target price of $712.75, suggesting a potential upside of 48.03%. Given Axon Enterprise's stronger consensus rating and higher probable upside, analysts plainly believe Axon Enterprise is more favorable than Qualys.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Qualys
3 Sell rating(s)
11 Hold rating(s)
2 Buy rating(s)
1 Strong Buy rating(s)
2.06
Axon Enterprise
0 Sell rating(s)
2 Hold rating(s)
16 Buy rating(s)
1 Strong Buy rating(s)
2.95

Qualys has a beta of 0.66, suggesting that its share price is 34% less volatile than the broader market. Comparatively, Axon Enterprise has a beta of 1.45, suggesting that its share price is 45% more volatile than the broader market.

Qualys has higher earnings, but lower revenue 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
Qualys$669.12M5.87$198.32M$5.5720.04
Axon Enterprise$2.78B13.96$124.66M$2.49193.37

99.3% of Qualys shares are held by institutional investors. Comparatively, 79.1% of Axon Enterprise shares are held by institutional investors. 0.9% of Qualys shares are held by insiders. Comparatively, 4.2% of Axon Enterprise shares are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.

Summary

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

How does Axon Enterprise compare to C3.ai?

Axon Enterprise (NASDAQ:AXON) and C3.ai (NYSE:AI) are both systems software companies, but which is the superior business? We will compare the two businesses based on the strength of their risk, profitability, dividends, institutional ownership, valuation, analyst recommendations, earnings and media sentiment.

Axon Enterprise has higher revenue and earnings than C3.ai. C3.ai 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$2.78B13.96$124.66M$2.49193.37
C3.ai$389.06M4.00-$288.70M-$3.15N/A

79.1% of Axon Enterprise shares are owned by institutional investors. Comparatively, 39.0% of C3.ai shares are owned by institutional investors. 4.2% of Axon Enterprise shares are owned by company insiders. Comparatively, 26.5% of C3.ai shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.

Axon Enterprise has a net margin of 6.90% compared to C3.ai's net margin of -141.35%. Axon Enterprise's return on equity of 3.78% beat C3.ai's return on equity.

Company Net Margins Return on Equity Return on Assets
Axon Enterprise6.90% 3.78% 1.76%
C3.ai -141.35%-55.40%-45.00%

Axon Enterprise has a beta of 1.45, indicating that its share price is 45% more volatile than the broader market. Comparatively, C3.ai has a beta of 2.04, indicating that its share price is 104% more volatile than the broader market.

In the previous week, C3.ai had 3 more articles in the media than Axon Enterprise. MarketBeat recorded 30 mentions for C3.ai and 27 mentions for Axon Enterprise. Axon Enterprise's average media sentiment score of 0.98 beat C3.ai's score of 0.40 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
18 Very Positive mention(s)
1 Positive mention(s)
3 Neutral mention(s)
2 Negative mention(s)
0 Very Negative mention(s)
Positive
C3.ai
9 Very Positive mention(s)
5 Positive mention(s)
8 Neutral mention(s)
3 Negative mention(s)
1 Very Negative mention(s)
Neutral

Axon Enterprise presently has a consensus target price of $712.75, suggesting a potential upside of 48.03%. C3.ai has a consensus target price of $12.85, suggesting a potential upside of 19.90%. Given Axon Enterprise's stronger consensus rating and higher possible upside, equities analysts plainly believe Axon Enterprise is more favorable than C3.ai.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Axon Enterprise
0 Sell rating(s)
2 Hold rating(s)
16 Buy rating(s)
1 Strong Buy rating(s)
2.95
C3.ai
6 Sell rating(s)
6 Hold rating(s)
1 Buy rating(s)
1 Strong Buy rating(s)
1.79

Summary

Axon Enterprise beats C3.ai on 13 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$39.50B$21.50B$30.32B$12.54B
Dividend YieldN/A0.63%0.91%5.22%
P/E Ratio193.3769.4149.6024.18
Price / Sales13.9610.55237.53112.26
Price / Cash207.8239.7529.4457.13
Price / Book11.7211.329.546.72
Net Income$124.66M$514.64M$906.14M$337.19M
7 Day Performance9.60%7.16%-0.50%-0.74%
1 Month PerformanceN/AN/AN/A-1.69%
1 Year Performance-38.27%92.55%60.19%33.10%

Axon Enterprise Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
AXON
Axon Enterprise
4.6973 of 5 stars
$481.48
-1.8%
$712.75
+48.0%
-36.6%$39.50B$2.78B193.376,300
NOW
ServiceNow
4.3795 of 5 stars
$102.13
0.0%
$141.85
+38.9%
-41.8%$105.29B$13.96B60.8629,187
FTNT
Fortinet
3.0587 of 5 stars
$133.93
flat
$101.83
-24.0%
+42.4%$98.12B$6.80B51.7115,109
CVLT
CommVault Systems
3.249 of 5 stars
$107.25
flat
$135.00
+25.9%
-34.0%$4.42B$1.18B67.453,300
QLYS
Qualys
3.2007 of 5 stars
$102.37
flat
$122.14
+19.3%
-21.7%$3.61B$669.12M18.382,625

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This page (NASDAQ:AXON) was last updated on 6/4/2026 by MarketBeat.com Staff.
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