Shares of weapons and body-camera maker Axon rose by almost 30% mid-week after an earnings announcement that beat analysts’ expectations. Speaking of guidance, management said it expects 16% to 18% revenue growth in 2018 and an expansion of 300 to 400 basis points in operating margin, showing the renewed focus on the bottom line. According to The Motley Fool, while Axon's weapons sales rose by 10% during Q4 2017, the company’s software and sensors segment, which includes its body cameras manufacturing, saw its revenue increase 27% during the period. In a note sent out late last week, analyst Brian Wieser said he believes “many investors are underestimating how much money is being made in this space.”
Shares of weapons and body-camera maker Axon rose by almost 30% mid-week after an earnings announcement that beat analysts’ expectations. According to The Motley Fool, while Axon's weapons sales rose by 10% during Q4 2017, the company’s software and sensors segment, which includes its body cameras manufacturing, saw its revenue increase 27% during the period. In a note sent out late last week, analyst Brian Wieser said he believes “many investors are underestimating how much money is being made in this space.”