Why Axon Enterprise Stock Soared to an All-Time High Today

Shares of law enforcement technology company Axon Enterprise (NASDAQ: AXON) soared on Friday after the company delivered strong financial results for the third quarter of 2024. As of 10 a.m. ET, Axon stock was up 13% and had hit an all-time high of about $550 per share.Tasers have been around for some time so one wouldn't expect Axon to be a high-growth company at this point. But by expanding into new verticals and product offerings, the company has strung together 11 consecutive quarters of greater than 25% growth, with Q3 revenue up 32% year over year to $544 million.Axon's Q3 revenue was better than expected. And its profits were, too. Many investors were impressed by its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), which was up 54% to $145 million.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool