Taser Maker Axon Enterprise's Stock Soars on Strong Earnings, Outlook
Axon Enterprise posted fourth-quarter earnings that topped analysts' estimates.
The Taser maker also offered a strong outlook on demand for its defense products.
Axon shares soared following the results and have nearly doubled in value over the last year.Axon Enterprise (AXON) shares soared Wednesday on the company's better-than-expected earnings and strong outlook on growing demand for its Taser 10 weapon, portable cameras, and premium subscriptions.
The defense products manufacturer posted adjusted fourth-quarter earnings per share (EPS) of $2.08, above analysts' estimates compiled by Visible Alpha. Revenue jumped 33.6% year-over-year to $575.1 million, also more than anticipated.
Taser revenue was up 37.1% to $221.2 million, while revenue from Axon's Cloud & Services segment jumped 40.6% to $230.3 million, and Sensors & Other revenue grew 17.5% to $123.6 million.
For the full year, Axon said it anticipates adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $640 million to $670 million and sales of $2.55 billion to $2.65 billion. Analysts had been looking for adjusted EBITDA of $654 million and sales of $2.57 billion.
Shares of Axon Enterprise were up nearly 17% in Wednesday afternoon trading and have nearly doubled in value over the last year.
Read the original article on Investopedia
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
2 Brilliant High-Yield Energy Stocks to Buy Now and Hold for the Long Term
The energy sector is known for being volatile, though there's one industry segment that bucks the trend. Enterprise Products Partners has a lofty 6.8% yield and decades of annual distribution increases behind it. Enbridge has a 5.9% yield and decades of annual dividend increases behind it. 10 stocks we like better than Enterprise Products Partners › There is one key feature that all investors need to know about the energy sector: The commodity-driven sector can be very volatile. Or, at least, most of it can. There's one niche that actually has a pretty consistent history of reliability, particularly with regard to dividend stocks. This is why even conservative dividend investors will likely find Enterprise Products Partners (NYSE: EPD) and Enbridge (NYSE: ENB) attractive high-yield energy stocks to buy. Here's what you need to know. The energy sector is usually broken down into three subsegments. There is the upstream, which produces oil and natural gas. There is the midstream, which transports oil, natural gas, and the products into which they get turned. And there is the downstream, which processes oil and natural gas into other products, like chemicals and gasoline. The revenues in the upstream are entirely dependent on volatile oil and natural gas commodity prices. There's a similar dynamic in the downstream, since many of the products produced are commodities. However, there's another level of complexity here on the cost side, since oil and natural gas are key inputs. The sole oddity is the midstream, which normally just charges fees for moving commodities from one place to another. The up-front costs to build midstream assets, like pipelines, is fairly large. But once built, the toll-taker model employed generally produces reliable cash flows. Demand for oil and natural gas is more important than the price of oil and natural gas. And since energy is so vital to modern society, demand tends to remain robust even when oil prices are low. Enterprise and Enbridge are both midstream businesses. Just how reliable are Enterprise and Enbridge as dividend stocks? Enterprise, which is a master limited partnership (MLP), has increased its distribution for 26 consecutive years. Enbridge, a Canadian company, has increased its dividend annually for three decades. These are market-proven histories, noting that the energy sector has gone through multiple downturns over the past quarter-century. Right now, Enterprise is offering a distribution yield of 6.8%, while Enbridge has a dividend yield of around 5.9%. Both are well above the market and the broader energy industry. However, those lofty yields will likely make up the lion's share of return here. Slow and steady growth is the norm, but dividend investors probably won't find that trade-off too upsetting. While similar, Enterprise and Enbridge are not perfectly interchangeable. As noted, Enterprise is an MLP, a type of corporate structure that comes with some tax complications (notably having to deal with a K-1 statement on April 15). Enbridge, meanwhile, is Canadian, so its dividend is paid in Canadian dollars (what U.S. investors collect will change with exchange rates), and investors will have to pay Canadian taxes on the dividend (a portion of that can be claimed back come April 15). That said, Enterprise is also more focused on oil and natural gas assets than Enbridge. In fact, Enbridge's specific goal is to adjust its business along with the world's energy needs. So it has been increasingly shifting toward natural gas, including buying natural gas utilities, and it has a small, but growing, clean energy business. Enbridge is probably the more conservative of these two midstream choices. The big theme here, however, is that Enterprise and Enbridge are high-yield investments with reliable businesses that can pay you for years into the future. They aren't the kind of stocks you buy and sell frequently; they are the kind you buy and hold for the long term. That way, you benefit from the slow and steady growth of the dividend, as these reliable income investments keep pumping out cash from what is otherwise a highly volatile industry. If you are looking to boost your investment income in June, Enterprise and Enbridge should be on your list of options. Before you buy stock in Enterprise Products Partners, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Enterprise Products Partners wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $669,517!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $868,615!* Now, it's worth noting Stock Advisor's total average return is 792% — a market-crushing outperformance compared to 173% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Reuben Gregg Brewer has positions in Enbridge. The Motley Fool has positions in and recommends Enbridge. The Motley Fool recommends Enterprise Products Partners. The Motley Fool has a disclosure policy. 2 Brilliant High-Yield Energy Stocks to Buy Now and Hold for the Long Term was originally published by The Motley Fool
Yahoo
7 hours ago
- Yahoo
Axon says it's no longer in talks with Scottsdale to expand its HQ
The Brief Tech company, Axon, known for its body cams and Tasers, is no longer working with the city of Scottsdale to expand its headquarters. Earlier this year, Arizona Gov. Katie Hobbs signed a bill that allowed for the company's expansion, but the city and residents fought back. The project, Axon says, will move forward, but won't be negotiating with the city to amend part of its plan. SCOTTSDALE, Ariz. - Axon ended its talks with Scottsdale regarding plans to expand its headquarters, citing a "toxic environment." Axon President Josh Isner met with Scottsdale Mayor Lisa Borowsky on Monday, June 9 and released a statement, saying, "Unfortunately, Axon is withdrawing from negotiations with the City of Scottsdale. The internal politics of the City Council currently make it impossible to reach an agreement. I have never seen such a toxic environment in my life. We put a great deal on the table and we tried our best." Mayor Borowsky responded by saying, "I appreciate Axon's efforts to come to the table and engage in meaningful dialogue regarding the future of their development. Their team was willing to make concessions to their existing plan, which I appreciate. Unfortunately, there were too many hurdles to overcome in order to move an agreement forward successfully. I remain hopeful that future negotiations result in a win-win agreement that work for the community and keeps this vital employer right where it belongs — in Scottsdale." Axon will stay in Scottsdale, and it will expand its HQ. It had been trying to come to some sort of agreement with the city to reduce the number of housing units it planned to build for its employees. But now, Axon says it will go back to its initial plan, which included nearly 2,000 units. The backstory In April, Arizona Gov. Katie Hobbs approved SB1543, giving the tech giant the go ahead to expand its headquarters. She said it would provide more than 5,500 jobs and is projected to generate an estimated $38 billion in economic impact in the next decade. On April 19, Mayor Borowsky posted to X, "I am disappointed with the way the Axon Bill has played out, culminating with the Governor signing this awful legislation—-without any discussion with representatives of #Scottsdale, knowing the impact it will have exclusively on our communities. I stand with the people of Scottsdale in opposition to the legislature's unconstitutional overreach. The city is evaluating all legal remedies in response. We must protect the character of our community and our voters' right to the legally obtained referendum process." When Gov. Hobbs approved the bill, it meant major companies that build corporate headquarters in Arizona would be entitled to build housing for its employees. Axon CEO Rick Smith said he wanted to build 1,900 new apartments for its employees. A group named Taxpayers Against Awful Apartment Zoning Exemptions (TAAAZE) were against the expansion from the very beginning. "It's not necessary for him to override the will of the Scottsdale voters and to basically put a thumb in their eye, when they have made it clear over the last couple of elections, both by who they elected, and by the referendums, that they don't want another 2,000 apartments," TAAAZE's Bob Littlefield previous told FOX 10.
Yahoo
9 hours ago
- Yahoo
Lovelytics Sweeps Multiple Honors at Databricks Partner Awards: Enterprise & Emerging Business Unit and Media & Entertainment
ARLINGTON, Va., June 9, 2025 /PRNewswire/ -- Lovelytics, a leading data and AI consulting firm, wins two prestigious awards at the 2025 Databricks Data + AI Summit: AMER Enterprise & Emerging Business Unit Partner of the Year and Communications, Media & Entertainment, and Gaming Partner of the Year. The awards spotlight Databricks partners delivering meaningful innovation and impact across industries. Lovelytics stood out for its deep technical expertise, customer-first approach, and proven ability to drive measurable business outcomes with scalable data architectures and applied AI solutions. "This recognition is incredibly meaningful to our team," said Scott Love, CEO of Lovelytics. "Our success is rooted in the strength of our Databricks partnership and a shared belief in the transformative power of data and AI. We've delivered real results, because we've had the right platform, people, and partners. I'm proud of what we've built and even more excited for what's ahead." Across the Americas, Lovelytics has enabled enterprises and emerging businesses to unlock growth through AI and modern data platforms. Highlights of delivered business value include: Hyper-personalized customer experiences and real-time inventory optimization for retail brands; Next-gen content personalization and audience insights for media and gaming companies; Data governance modernization and Unity Catalog implementations with LATAM organizations; AI-driven decision-making at scale for digital-native businesses. Lovelytics earned the Databricks Communications, Media & Entertainment, and Gaming Partner of the Year Award for its work with a leading global streaming platform, where it implemented real-time content personalization and a scalable, cloud-native architecture. The engagement resulted in a 30% reduction in operational costs, 50% increase in Databricks platform adoption, and the performance and scalability to support a flawless experience for a 3-million viewer surge during a major series finale. "We're thrilled to recognize Lovelytics as both the Enterprise & Emerging Business Unit and Communications, Media & Entertainment, and Gaming Partner of the Year," said Jason McIntyre, VP, Partner Development at Databricks. "Through its deep bench of certified Databricks experts and a culture of innovation, Lovelytics has helped enterprise organizations move faster, operate smarter, and unlock new business value with the Databricks Data Intelligence Platform." Lovelytics has led the way in delivering impactful solutions across industries at enterprise scale. The awards follow Lovelytics' merger with Nousot and acquisition of LATAM consultancy Datalytics earlier this year, creating the largest Databricks-focused consulting firm. The combined company offers full-lifecycle data capabilities, from strategy to engineering to AI, focused on turning data into outcomes. As demand for modern data platforms and applied AI continues to grow, Lovelytics remains committed to pushing the boundaries of what's possible for customers, powered by its people, its strong partnership, and a passion for democratizing data. About Lovelytics Lovelytics is the leading data and AI consulting firm specializing in Databricks. Backed by Databricks Ventures and Interlock Equity, the firm operates across North America, LATAM, and Europe. Learn more at Media Contact: Alexandra Haefele, View original content to download multimedia: SOURCE Lovelytics Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
