3 Reasons to Buy Axon Enterprise Stock Now

Shares of Axon Enterprise (NASDAQ: AXON) were soaring again recently after the leading law enforcement technology company delivered another strong earnings report.

Axon, which makes TASER stun guns and body cameras, posted its third straight year with revenue growth of greater than 30%.

In the fourth quarter, revenue jumped 34% to $575.1 million, beating the consensus of $566 million, and its margins continued to expand as it earned more money from its high-margin software business. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) jumped 56% to $142 million. Generally accepted accounting principles (GAAP) earnings per share of $1.67 topped estimates of $1.40.

Source Fool.com