Why Axon Enterprise Stock Jumped Today

Shares of Axon Enterprise (NASDAQ: AXON) popped 6.2% on Tuesday after the public safety equipment and technology provider delivered strong third-quarter earnings results.

Axon's revenue surged 39% year over year to $232 million. The gains were broad-based. Revenue in the company's Taser, Axon Cloud, and sensors divisions climbed 44%, 39%, and 29%, respectively.

Axon said its customers are purchasing a broader array of its offerings, such as Taser devices, body cameras, and digital evidence management software. This dynamic can be seen in Axon's impressive net revenue retention rate of 119%.

Source Fool.com