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Actionable news in TASR: TASER International, Inc.,

TASER: Valuation Priced In

Summary

TASR handily beat Q2 estimates.

The stock was up only a percent in response, barely outperforming a broader market pushed higher by a strong jobs report.

Upside is capped by a rich valuation that already has accelerated body cam and smart weapon demand priced in.

TASER (NASDAQ:TASR) handily beat Q2 estimates with $58.8 million on the topline and 7 cents on the bottom, and yet the stock only rallied a percent in response, barely outperforming a broader market that was pushed higher by a strong jobs report. We have argued before that the body cam and smart weapon accelerated demand catalyst is already mostly priced in. We argue that a full valuation will continue to cap upside in the stock.

TASR Price data by YCharts

The quarter was impressive. Axon body cams continued to sell at an accelerated pace. The company shipped 13,350 cameras in the quarter, fueling 49% Axon revenue growth. Management said they are on pace to grow shipments...


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