Axon Enterprise Stock Poised for Growth with Surging Earnings Estimates
December 1, 2023
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Axon Enterprise ($NASDAQ:AXON) (NASDAQ: AAXN) is a technology company that develops, manufactures, and sells products and services for law enforcement, military, and consumer markets. The company’s stock has been gaining traction recently as analysts are forecasting higher earnings for the stock, suggesting potential upside. Analysts have revised their estimates upwards after the company’s strong performance in the recent quarter. In addition to the company’s strong financial performance, analysts believe that Axon will benefit from its long-term growth opportunities in the public safety sector. The company has been investing heavily in research and development to ensure it maintains its competitive edge in the industry.
Overall, Axon Enterprise stock appears to be poised for growth with surging earnings estimates. Analysts are optimistic that the company will continue to deliver strong results in the coming quarters. This could lead to an increase in the value of Axon stock as investors realize the potential of the company’s growth prospects.
Earnings
Axon Enterprise, Inc. released its earnings report for FY2023 Q3 on September 30 2021. The report showed a total revenue of 231.99M USD and net income of 48.52M USD. Compared to previous year, this represented a 25.6% decrease in total revenue and a 300.0% increase in net income. Over the last 3 years, Axon Enterprise has seen a growth in total revenue from 231.99M USD to 413.6M USD, indicating that the stock is poised for further growth.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Axon Enterprise. More…
| Total Revenues | Net Income | Net Margin |
| 1.47k | 146.13 | 10.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Axon Enterprise. More…
| Operations | Investing | Financing |
| 180.34 | -569.66 | 645.7 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Axon Enterprise. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.25k | 1.73k | 20.3 |
Key Ratios Snapshot
Some of the financial key ratios for Axon Enterprise are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 32.8% | -11.1% | 9.2% |
| FCF Margin | ROE | ROA |
| 9.0% | 5.7% | 2.6% |
Price History
The stock opened at $227.1 and closed at $228.4, up by 0.7% from last closing price of 226.9. This is indicative of a positive outlook for the company’s future performance and is a testament to its success to date in creating innovative products and solutions. Investors seem confident in the company’s ability to continue growing in the future, with its stock performing very well in the market. Axon Enterprise has shown potential to continue to expand its presence in the industry and the market is taking notice. Live Quote…
Analysis
At GoodWhale, we conducted an analysis of AXON ENTERPRISE‘s fundamentals. Our results, according to the Star Chart, indicate that AXON ENTERPRISE is strong in terms of assets, growth, and profitability, but weak in terms of dividends. Furthermore, AXON ENTERPRISE has a high health score of 9/10 with respect to its cashflows and debt, indicating that it is well-positioned to sustain operations in times of crisis. We classify AXON ENTERPRISE as a ‘gorilla’, which is a type of company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. Investors who are looking for a stable company with a strong competitive edge and have a long-term outlook are likely to be interested in AXON ENTERPRISE. Such investors may include mutual funds, pension funds, and individual investors. Additionally, those investors who are looking for capital appreciation and strong returns may be interested in AXON ENTERPRISE as well. More…
Peers
Its competitors include Shi Corp, Ultra Electronics Holdings PLC, and Shenzhen TVT Digital Technology Co Ltd.
– Shi Corp ($OTCPK:SHCC)
Shi Corp is a publicly traded company with a market capitalization of 1.39k as of 2022. The company has a Return on Equity of -0.64%. Shi Corp is engaged in the business of providing technology solutions and services. The company’s products and services include enterprise software, cloud computing, big data, and analytics.
– Ultra Electronics Holdings PLC ($SZSE:002835)
Shenzhen TVT Digital Technology Co Ltd has a market cap of 2.64B as of 2022, a Return on Equity of 8.41%. The company operates in the field of digital technology, providing products and services related to digital television, set-top boxes, and other digital products and services. It is headquartered in Shenzhen, China.
Summary
Axon Enterprise (Nasdaq: AAXN) is an American technology and manufacturing company that produces body-worn cameras, cloud-based evidence management software, and other technology solutions for public safety, law enforcement, and defense. Recent earnings estimates for the company suggest that its stock is likely to rise in the near future. Analysts suggest that this is due to the company’s strong global presence in the public safety technology sector, as well as its robust portfolio of products and services. Its cloud-based software has been gaining in popularity among police departments and public safety organizations worldwide, and new product lines are expected to drive further growth.
Furthermore, its products have proven to be resilient to economic downturns and have a positive outlook in the long term. Overall, the company appears well-positioned to capitalize on current and future trends in the public safety sector.
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