Why Axon Enterprise Stock Is Plummeting This Week
Shares of leading public safety technology company Axon Enterprise (NASDAQ: AXON) are down 18% as of 1 p.m. ET on Thursday, according to data provided by S&P Global Market Intelligence.
Axon reported solid third-quarter earnings on Tuesday, but adjusted earnings per share fell short of Wall Street's expectations, so the stock slid this week.
Regardless of the market's reaction, Axon delivered sales growth of 31%, marking its seventh consecutive quarter of an increase above 30%.
Source Fool.com
Axon Enterprise INC Stock
€445.60
-1.180%
Currently there is a rather positive sentiment for Axon Enterprise INC with 4 Buy predictions and 0 Sell predictions.
With a target price of 720 € there is a hugely positive potential of 61.58% for Axon Enterprise INC compared to the current price of 445.6 €.
