“The threat of new competition is causing Axon Enterprise’s (NASDAQ:AXON) stock to retreat, even as sales and profits expand.
Fourth-quarter earnings exceeded analyst expectations, and the law enforcement equipment and services provider continues to add more customers. Yet shares are well off their all-time high since Motorola Solutions entered Axon’s key markets with a suite of affordable products bundled into a video-as-a-service (VaaS) package, representing the first viable challenge Axon has faced in years.
…. and rival stun gun maker Phazzer is back from bankruptcy. ”
SOURCE: The Motley Fool
AUTHOR: Rich Duprey (TMFCop)
DATE: Mar 25, 2021 at 9:39AM
URL: https://www.fool.com/investing/2021/03/25/is-axon-enterprise-stock-a-buy/
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