Creative Planning increases stake in Axon Enterprise, by 9.6% in Q2
October 5, 2024
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Axon Enterprise ($NASDAQ:AXON), Inc. is a technology company that specializes in developing and manufacturing products and services for law enforcement agencies. They are known for their innovative and cutting-edge products, including body cameras and cloud-based software for managing evidence and data. The company has been experiencing steady growth and has attracted the attention of various investors. One such investor is Creative Planning, a wealth management firm based in Kansas. According to recent reports, Creative Planning has increased its stake in Axon Enterprise by 9.6% during the 2nd quarter of this year. This increase represents a significant vote of confidence in the company’s future prospects and growth potential. This move by Creative Planning comes amidst a surge in demand for Axon’s products and services, particularly in the wake of ongoing discussions about police accountability and reform. With their reputation for providing reliable and high-quality solutions, Axon is well-positioned to capitalize on this growing demand.
Furthermore, Creative Planning’s decision to increase their stake in Axon also highlights the company’s strong financial performance. This growth can be attributed to increased sales of their body cameras and software solutions, as well as the expansion of their customer base. In addition to increasing their stake in Axon, Creative Planning also holds positions in other major companies such as Microsoft, Amazon, and Alphabet. This not only demonstrates their confidence in Axon but also showcases their strategic investment approach. It reflects the market’s confidence in Axon’s products and services, as well as its strong financial performance and future growth potential. As Axon continues to innovate and expand its reach, it is likely that more investors will follow in Creative Planning’s footsteps and invest in this dynamic and promising company.
Analysis
After conducting a thorough analysis of AXON ENTERPRISE‘s fundamentals, I have determined that it falls under the category of ‘gorilla’ companies on the Star Chart. This means that it has achieved stable and high revenue or earning growth, indicating a strong competitive advantage in the market. For investors, this could be an attractive company to consider as it has a proven track record of consistent growth. Investors looking for long-term stability and potential for returns may be interested in AXON ENTERPRISE due to its strong fundamentals. One aspect that stands out to me is AXON ENTERPRISE’s high health score of 9/10. This takes into account its cashflow and debt, and indicates that the company is in a solid financial position. It has the capability to pay off its debt and fund future operations, which adds to its overall stability and attractiveness to investors. In terms of specific areas, AXON ENTERPRISE shows strength in asset, growth, and profitability. This further supports its ‘gorilla’ status and competitive advantage in the market. However, it may not be as attractive to investors seeking regular dividend payouts as it is considered weak in this area. Overall, AXON ENTERPRISE presents a compelling opportunity for investors looking for a strong and stable company with potential for growth. Its fundamentals indicate a solid financial foundation and its ‘gorilla’ status suggests a strong competitive advantage in the market. More…
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 |
| 1.56k | 174.23 | 13.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Axon Enterprise. More…
| Operations | Investing | Financing |
| 189.26 | 12.48 | 41.31 |
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 |
| 3.44k | 1.82k | 21.51 |
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 |
| 31.9% | -11.1% | 10.4% |
| FCF Margin | ROE | ROA |
| 8.3% | 6.5% | 2.9% |
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
Creative Planning, a financial planning and investment management company, recently increased its position in Axon Enterprise, a technology company focusing on law enforcement and public safety solutions. This move signals confidence in the company’s potential for growth and profitability. Creative Planning’s investment in Axon was a 9.6% increase compared to the previous quarter, indicating a strong belief in the company’s future prospects.
This analysis suggests that Axon may be a promising investment opportunity, with potential for positive returns in the future. Investors may want to consider the company’s financial performance and market trends before making any investment decisions.
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