Digital Ally's stock rocked after disappointing ruling in Axon patent dispute [MarketWatch]
Digital Ally, Inc. (DGLY)
Last digital ally, inc. earnings: 11/14 08:30 am
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Source: MarketWatch
Digital Ally's stock rocked after disappointing ruling in Axon patent dispute Shares of Digital Ally Inc. DGLY, -37.93% plummeted 45% toward a record low in premarket trading Tuesday, after the maker of video surveillance products for law enforcement and homeland security received an unfavorable ruling in its years-long patent dispute with Axon Enterprise Inc. Axon shares AXON, -9.37% gained 1.5% ahead of the open. Axon said the U.S. District Court for Kansas found that Axon's signal technology did not infringe on Digital Ally's patent, and dismissed the case in its entirety. Digital Ally said it intends to appeal the court's ruling, saying the court had accepted Axon's "incorrect and mistaken interpretation" of Digital Ally's patent claims. "Axon misled this Court and convinced the judge to take an overly narrow view of our patent," said Digital Ally Chief Executive Stanton Ross. "We highly doubt the Court of Appeals for the Federal Circuit will be similarly misled." Digital Al
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News
- Digital Ally, Inc. (NASDAQ: DGLY) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Digital Ally, Inc. (NASDAQ: DGLY) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Digital Ally, Inc. (NASDAQ: DGLY) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Digital Ally Announces Multi-Year Agreement with the Kansas City Chiefs [Yahoo! Finance]Yahoo! Finance
- Digital Ally Announces Multi-Year Agreement with the Kansas City ChiefsGlobeNewswire
DGLY
Sec Filings
- 4/5/24 - Form 8-K
- 4/2/24 - Form 425
- 4/2/24 - Form 8-K
- DGLY's page on the SEC website