Dec. 3, 2014, 11:30 AM
- Shares of TASER (TASR -6.1%) tumble after JPMorgan drops its rating to Neutral from Overweight due to valuation concerns.
- TASR is up more than 30% over the last few months on forecasts that the company will see increased demand from police departments for body cameras.
Dec. 2, 2014, 12:19 PM
- Digital Ally (NASDAQ:DGLY), which had just a $28M market cap as of yesterday's close (it's now up to $40M), has skyrocketed a day after the White House announced it's providing $75M in funding for the purchase of 50K body cameras by U.S. police departments.
- Taser (NASDAQ:TASR) is also up strongly, and has made new 52-week highs.
- The White House's program provides matching funds for local and state agencies buying body cameras; a similar program for vests has led to over 1.1M vest purchases.
- Police Foundation president Jim Bueermann: "In five years, this will be ubiquitous. It will be more unusual to see officers not wearing a body cam than wearing one."
Dec. 1, 2014, 2:44 PM
- As part of a $263M federal funding package for police officers, the White House has dedicated $75M for the purchase of 50K body cameras. The Verge notes there are currently 750K police officers in the U.S.
- Taser (TASR +3.2%) has turned positive following the news, and Digital Ally (DGLY -1%) has erased most of today's losses. DGLY was down over 11% a couple hours ago.
Nov. 26, 2014, 9:17 AM
Nov. 26, 2014, 8:23 AM
- Taser (NASDAQ:TASR) moves higher premarket after announcing the purchase of 623 AXON body-worn video cameras and a five-year subscription to EVIDENCE.com by the Winston-Salem Police Department. Unrest in Ferguson is also giving the stock a boost.
- The Winston-Salem Police Department made an initial purchase of 293 AXON cameras with a three-year subscription of EVIDENCE.com in July.
- Previously: Taser climbs amid Ferguson unrest
- TASR +5.2% premarket
Nov. 25, 2014, 10:04 AM
Nov. 18, 2014, 9:20 AM
Nov. 10, 2014, 10:55 AM
- Taser (TASR +2.8%) has announced multiple orders of its next generation Smart Weapons and conducted electrical weapons.
- Significant orders include: Arizona Department of Public Safety: 168 Taser X2s; Langley Air Force: 259 X26s and recorders; Lackland Air Force Base: 225 X26s with Taser Cam recorders; Las Vegas Metro Police Department: 169 X26Ps, upgrade; Louisiana State Police: 100 X2s; U.S. Marshals Service Federal Law Enforcement Training Center: 250 X26Ps.
- All orders were received in and are anticipated to be shipped in Q4 of 2014.
Oct. 30, 2014, 9:18 AM
Oct. 30, 2014, 8:11 AM
- Net income of $7.6M, or $0.14 per diluted share, vs. $5.1M, or $0.10 per diluted share in the third quarter of 2013.
- Revenue by segment: Taser weapons: +26.5%; Evidence.com & video +21.5%.
- The company completed $2.9M of stock repurchases during the quarter, purchasing approximately 0.2M shares for an average cost of $11.94 per share.
- Q3 results
- TASR +5.7% premarket
Oct. 30, 2014, 7:37 AM
Oct. 6, 2014, 8:30 AM
- Taser (NASDAQ:TASR) has announced multiple orders of its next generation Smart Weapons and conducted electrical weapons.
- Significant orders include: CIA: 45 X26Ps and 80 X2s with 100 Taser Cam HD recorders; Dallas Police Department: 2,250 X26Ps; Las Vegas Metro Police Department: 120 X26Ps; U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives: 115 X26Ps.
- All orders were received in and shipped in Q3 of 2014.
- TASR +3.7% premarket
Oct. 1, 2014, 10:46 AM
Sep. 30, 2014, 10:34 AM
- The London Met Police have ordered another 500 Axon cameras from Taser's (TASR +1.8%) Evidence.com unit, as part of an ongoing pilot led by the Mayor's Office of Policing and Crime.
- The new order will expand the program into the largest body-worn camera pilot of AXON cameras in the world with 1,000 units deployed.
Sep. 16, 2014, 12:53 PM
- It doesn't take much to move Digital Ally (DGLY +8%), and the release of a Justice Department report titled, "Implementing a Body-Worn Camera Program" appears to be doing the job today.
- "Body-worn cameras can help improve the high-quality public service expected of police officers and promote the perceived legitimacy and sense of procedural justice that communities have about their police departments."
- Also higher, but somewhat calmer is Taser International (TASR +0.8%).
Sep. 5, 2014, 9:15 AM
TASR vs. ETF Alternatives
TASER International, Inc., develops, manufactures and sells conducted electrical weapons (CEWs) designed for use in law enforcement, military, corrections, private security and personal defense.
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