Axon Enterprise Inc (AXON)

Axon Enterprise, Inc. (AXON) stock has experienced significant growth in the past six months, rising by 36.36%. Key events impacting its stock price include strong financial performance, with 2024 revenue soaring to $2.1 billion, a 33% increase. Growth in Cloud & Services and TASER segments also contributed. New product announcements and acquisitions, such as Fixed ALPR Camera Solutions and the acquisition of Fusus, strengthened its Real-Time Operations (RTO) platform. Private exchanges of convertible senior notes also occurred in March 2025.

Axon Enterprise, Inc. historically experiences higher net sales in its fourth quarter due to municipal budget cycles and the introduction of new products. The company expects most of its forecast increases to occur in the fourth quarter due to typical seasonality.

Axon Enterprise, Inc. is a technology leader in global public safety, operating within the Electronic Technology sector and the Aerospace & Defense industry. The company's core mission is to protect life by integrating hardware devices and cloud software solutions. Axon manages its business through two primary reportable segments: TASER Weapons and Software and Sensors. Major products and services include TASER Conducted Energy Weapons (CEWs), Body-Worn Cameras, In-Car Cameras, Digital Evidence Management System (DEMS), Productivity and Real-Time Operations Software, Drone and Robotic Security, and Training Solutions.

Axon Enterprise, Inc. is a global company headquartered in Scottsdale, Arizona, with a global software engineering development center in Seattle, Washington. It has subsidiaries in countries including the United Kingdom, Germany, the Netherlands, Australia, Vietnam, and Canada. Axon works with 2,076 customers from 97 countries and territories, with the United States being its largest market. Axon has been actively expanding its international presence, with investments in new geographies like India, Ukraine, and Brazil.

Axon has built a strong brand reputation for quality, reliability, and innovation in public safety technology. However, a proposed CEO equity award in May 2024, following the withdrawal of a larger grant in 2023, raised questions about the size of front-loaded mega-grants and shareholder dilution.

Axon Enterprise, Inc. is primarily owned by institutional shareholders, who hold 77.90% of the company, while Axon Enterprise insiders own 9.00%, and retail investors hold 13.10%. Major institutional owners include Vanguard Group Inc., Blackrock Inc., and State Street Corp. The largest individual shareholder is Patrick W. Smith, who owns 3.06 million shares, representing 3.94% of the company.