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Why Axon Enterprise Stock Is Soaring 13% Higher This Week

TheMotleyFool

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Why Axon Enterprise Stock Is Soaring 13% Higher This Week: https://g.foolcdn.com/editorial/images/723307/axon-enterprise-aaxn-taser-evidence-management-source-aaxn.jpg

Shares of Axon Enterprise (NASDAQ: AXON) are racing 13.1% higher this week compared to where they closed last Friday, according to data from S&P Global Market Intelligence, after the maker of Tasers for law enforcement reported fourth-quarter earnings that handily outstripped Wall Street forecasts.

Axon said it generated $0.70 per share in profits for the period on $336 million in revenue, which was far better than analyst estimates of $0.51 per share in earnings on $305.9 million in sales. Guidance was also well ahead of expectations.

A police officer using Axon software in a patrol car. Image source: Axon Enterprise.

Source Fool.com

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