Entering text into the input field will update the search result below

Rising expenses weigh on Taser shares

Mar. 01, 2017 10:43 AM ETAxon Enterprise, Inc. (AXON) StockAXONBy: Yoel Minkoff, SA News Editor17 Comments
  • Shares of Taser (TASR -9.8%) are in tumbling this morning after company beat earnings forecasts but investors chose to focus on rising expenses.
  • Margins came in at 60.6%, as operating expenses came in at $40.3M, comments Barron's Ben Levisohn, quoting Oppenheimer's Andrew Uerkwitz and Martin Yang:
  • "This quarter represents why we sit sidelined - despite the impressive top-line beat. Opex ramped higher than expected on continued strong investment on opportunities not driving revenue (dash cam, RMS, and artificial intelligence/ automation). We continue to believe that as long as two of the following happen, this technology leader's stock should continue to work: revenue beats, bookings growth, and leverage. Which leads to our last point: 2H17 comps become very difficult. We like the strategy but lament the valuation."

Recommended For You

About AXON Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
AXON--
Axon Enterprise, Inc.