Axon Plunged To a 2-Year Low. Here's Why It Could Be a Golden Buying Opportunity
Detailed summary
In addition to the weak revenue result, Axon cut its free cash flow guidance for the year from $450 million to $350 million-$400 million, due to accelerated inventory growth to…
Axon Enterprise (NASDAQ:AXON), the law enforcement technology company known for Taser electrical weapons and body cameras, tumbled 18% on Friday after it reported third-quarter earnings.
At issue was a significant revenue miss and downbeat guidance for the fourth quarter. In the third quarter, revenue rose 28% to $908.6 million, well below the consensus at $934.3 million. For the fourth quarter, it called for revenue of $990 million-$1.01 billion, up 25%, which would be its slowest revenue growth since the end of 2021, and was below the consensus at $1.07 billion.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
However, the revenue miss was due to a timing issue rather…
Opening of the article, excerpted from Yahoo Finance. To read the rest, open the article on the publisher's site.
MarketNews shows the headline and summary published by the outlet. The full article is on the publisher's website. (finance.yahoo.com)
