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Goal of This Article:
As always, I like to begin with the end in mind for my readers and share what is the purpose and goal of my article. Axon Enterprise (NASDAQ:
Axon Enterprise: A Market Beating Stock With A Mission And A Moat
Summary
- Axon Enterprise continues to perform at high levels in 2022 as it has raised guidance twice this year and nearly doubled returns in the last six months.
- Axon Enterprise has transformed from a hardware device company into the operating system for law enforcement.
- The company delivered record Q3 revenues of $312M with over 34% year-over-year growth.
- Axon Enterprise is delivering $403M in recurring software revenue, with 120% net dollar retention, and 75% software gross margins.
I am a retail investor that is passionate about investing in technology companies that are changing the world for good. I have been investing in the stock market since 2007. I have been in technology sales for over 20 years and recently moved into product marketing management at VMware Inc. I recently started a YouTube channel and podcast called DOMinating Your Investments that is focused on educating viewers on the technology stocks, stock market news, and investing in general. Some of my favorite companies that I currently am invested in are Nvidia (NVDA), Palantir (PLTR), Tesla (TSLA), The TradeDesk (TTD), Mercado Libre (MELI), VMware (VMW), Microsoft (MSFT), Apple (AAPL), Digital Turbine (APPS), Stem (STEM), AMD (AMD), Abcellera (ABCL), Novocure (NVCR), and more.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of AXON either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Disclaimer: I am not an investment advisor or professional. This article is my own personal opinion and is not meant to be a recommendation of the purchase or sale of stock. Investors should conduct their own research before investing to see if the companies discussed in this article fit into their portfolio parameters.
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