Axon Enterprise Is Under SEC Scrutiny. Should Investors Be Worried?
A spam filter plunged Taser maker Axon Enterprise (NASDAQ: AAXN) into an SEC inquiry, a falling stock, and numerous class action lawsuits. It could've been an otherwise humorous development, but for the ramification of what the regulatory probe is targeting.
Over the course of a month and a half beginning on Aug. 10, the SEC sent Axon a series of emails requesting explanations for several accounting practices, most prominently why its backlog surged in 2016. The SEC also wanted a fuller understanding of the company's revenue-recognition policies on its TASER 60 program that allows customers to pay for hardware purchases over five years.
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Source: Fool.com
Axon Enterprise INC Stock
€338.90
-0.120%
Currently there is a rather positive sentiment for Axon Enterprise INC with 4 Buy predictions and 0 Sell predictions.
On the other hand, the target price of 310 € is below the current price of 338.9 € for Axon Enterprise INC, so the potential is actually -8.53%.
