Axon Enterprise Inc

Axon Enterprise Inc

AXON

Market Cap$52.11B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Axon Enterprise IncAxon Enterprise Inc173.4-14%28.40.6

Earnings Call Q3 2024

November 7, 2024 - AI Summary

**Strong Growth and Bookings Outlook**: Axon has reported a 32% year-over-year increase in revenue for Q3 2024, marking its 11th consecutive quarter of growth above 25%. The company closed over $1 billion in record bookings, positioning itself for a strong Q4, which historically has been the strongest quarter for bookings.
**AI Era Strategy and Product Development**: The company is pivoting towards a new AI Era plan, with products like Draft One as the central offering. Interest in AI tools is growing rapidly and is expected to drive future revenue. The new AI bundle, priced around $199 a month, is anticipated to significantly enhance overall software ARR, which is already at $885 million (up 36% YOY).
**TASER Business Performance**: TASER products, particularly the TASER 10, have shown robust demand, achieving a 36% year-over-year revenue growth. Axon sees significant opportunity for further international expansion, especially where there is lower penetration of handguns and the potential for TASERs to be primary self-defense weapons.

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$555.33

Target Price by Analysts

21.8% downsideAxon Enterprise Target Price DetailsTarget Price
$65.10

Current Fair Value

90.8% downside

Overvalued by 90.8% based on the discounted cash flow analysis.

Share Statistics

Market cap$52.11 Billion
Enterprise Value$52.64 Billion
Dividend Yield$0 (0%)
Earnings per Share$2.35
Beta0.94
Outstanding Shares75,697,000

Return

Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio173.42
PEG1350.34
Price to Sales28.4
Price to Book Ratio26.3
Enterprise Value to Revenue27.12
Enterprise Value to EBIT410.19
Enterprise Value to Net Income176
Total Debt to Enterprise0.02
Debt to Equity0.58

Revenue Sources

No data

Insider Trades

ESG Score

No data

About Axon Enterprise Inc

CEO: Patrick Smith