Why I Just Bought (More) Shares of Axon Enterprises [The Motley Fool]
AXON ENTERPRISES INC (AAXN)
Last axon enterprises inc earnings: 2/27 04:01 pm
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US:NASDAQ Investor Relations:
investor.axon.com/investor-relations
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Source: The Motley Fool
These two facts were seen as weaknesses. I disagree. On November 6th, Axon Enterprises ( NASDAQ:AAXN ) -- maker of police equipment like stun guns and body cameras -- released its third-quarter earnings report. After reading through the release and conference call , I thought there was a lot to be excited about. The market disagreed, however, sending shares down by as much as 17%. As a long-term investor in the company, I wasted no time adding shares. My conviction in the company is so high that it is now my family's third-biggest holding, accounting for 8% of our real-life portfolio. There were two tid-bits in particular that sent shares reeling, which I believe was very short-sighted. Image source: Getty Images Weapons sales slowed dramatically My thesis for investing in Axon centers on its pivot to a software-as-a-service (SaaS) company. All of the footage from Axon body cameras go on Evidence.com, the company's platform. Police stations pay
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