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Schneidku40

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Schneidku40

Re: None

Friday, 05/18/2018 9:09:18 AM

Friday, May 18, 2018 9:09:18 AM

Post# of 53669
Axon (formerly Taser) has doubled in stock price this year. Here's largely how:

February 27, they announced record sales for 2017, up 28% over 2016. Introduced financial guidance, including projected sales in 2018 up 18% over 2017. Stock rose 30%.

May 4, they announced they were purchasing Vievu, their main competitor in body cameras. They also announced a strategic partnership for holsters. Stock up 10%.

May 8, announced 1Q revenue up 28% YOY. Raised 2018 revenue guidance up 2% to 20% YOY. Stock up 25%.

Axon has a P/E of 150 and a forward P/E of 50.
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