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Technology Stocks : Axon Enterprise, Inc. (AXON), formerly Taser Intl.
AXON 98.54+3.1%3:59 PM EDT

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From: JakeStraw8/24/2018 8:25:17 AM
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For a long time, Axon was just a stun gun manufacturer known as Taser International. But with a name change last year, the company's transformation was formalized. While Axon's weapons segment is still very strong (and benefits from a virtual monopoly in the field), it is the company's software ambitions that have me really excited.

While there's nothing terribly special about Axon's body cameras, it's the Evidence.com platform for storing and analyzing the video from the cameras that makes it an excellent investment. Once a police department signs on to use the platform, it gets locked into Axon's system. The costs -- in finances, time to retrain entire workforces, and risks involved with losing crucial evidence -- associated with switching to another provider are onerous. And given that Axon just secured a monopoly in this field as well, there's still lots of room to run.

Next year, the company plans to roll out a new records management system, which uses AI and could save thousands of hours of paperwork to free up police officers. Management expects this to be a $2 billion market alone. Who knows how Axon will help make law enforcement more efficient (and accountable) in the years ahead?
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