Where is Axon heading ?

By joshan20, March 10, 2019

What do you think about Axon (AAXN) ? It is down following the recent earnings. Is it a good buy at the current price given that they are pretty much a leader in their segment and their evidence.com platform expected to drive some of the growth.

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Travis Johnson, Stock Gumshoe
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35X next year’s earnings… 30%ish earnings growth expected… still pretty small at $3 billion market cap, with consistent profitability (if inconsistent margins). Sounds fairly reasonable if you can stomach the volatility, but I haven’t owned or really studied Axon (used to be Taser) in years, so that’s just my quick response. The body cameras and the evidence “cloud” service are pretty compelling if they can keep a strong market share, I assume that there’s a high renewal rate on those services.

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