We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Axon Enterprise, Inc. (AXON), formerly Taser Intl.
AXON 292.75+0.1%10:25 AM EDT

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Zen Dollar Round6/1/2020 7:56:32 PM
   of 972
Shares of Axon, a maker of non lethal weapons and cameras for police, jump amid nationwide protests

Shares of law enforcement supplier Axon Enterprise spiked more than 18% on Monday after protests against police brutality turned violent in many cities across the country.

Axon, formerly known as Taser International, sells electrical weapons and body cameras for law enforcement officers. The stock’s jump on Monday followed a gain of 3.8% during Friday’s session.

The company was one of several that Oppenheimer identified in a note as providing technology that could be beneficial in reforming government agencies, such as police departments. The firm’s analysts praised Axon’s CEO, writing, “CEO Rick Smith has a company vision and personal passion to arm police agencies with technology and disarm them of lethal weapons.”

Over the weekend, Smith said released a statement on the company’s website in which he included quotes from police chiefs from Arizona and Washington and said “everyone deserves to get home safe.”

“We offer our sincere condolences to all those who loved George Floyd and we empathize with the citizens and communities who are angry and acknowledge the pain and suffering they are experiencing in the wake of this event,” Smith said in the statement.

The company, which has a market cap of roughly $4.5 billion, changed its name to Axon from Taser in 2017.

The stock has gained more than 22% year-to-date.

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext