SCOTTSDALE, Ariz., July 20, 2019 – Shares of Axon Enterprise Inc. (NASDAQ: AAXN) gained 0.24% to $65.92. The stock traded total volume of 542.301K shares lower than the average volume of 967.83K shares.
Axon Enterprise Inc. (AAXN) reported first-quarter net income of $6.40M, after reporting a loss in the same period a year earlier. The Scottsdale, Arizona-based company said it had profit of 11 cents per share. Earnings, adjusted for one-time gains and costs, came to 21 cents per share. The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share.
The maker of stun guns and body cameras posted revenue of $115.80M in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $110.40M. Axon anticipates full-year revenue in the range of $485.0M to $495.0M.
AAXN has the market capitalization of $3.92B and its EPS growth ratio for the past five years was 8.60%. The return on assets ratio of the Company was 3.30% while its return on investment ratio stands at 5.60%. Price to sales ratio was 9.02 while 81.90% of the stock was owned by institutional investors.