In this articleAXON your favorite stocksCREATE FREE ACCOUNTRick Smith, CEO of Axon Enterprises.Adam Jeffery | CNBCAxon Enterprise's stock popped 16% after the TASER maker surpassed Wall Street's estimates and boosted its guidance due to robust demand for its security solutions."Demand for new nology from our customers is accelerating, and it's outpacing even my most optimistic expectations," said CEO Rick Smith on an earnings call with analysts.
"There's now one breakout duct driving conversations. It's everything."The security solutions company also hiked guidance for the year, saying it now expects revenue of $2.65 billion to $2.73 billion.
That's up from prior revenue guidance of $2.60 billion to $2.70 billion.Read more CNBC newsNvidia's set to regain some China access.
But it still faces eroding AI chip market Ethereum turns 10: From scrappy experiment to Wall Street's invisible backboneGoogle has dropped more than 50 DEI-related organizations from one of its funding listsAmazon stock sinks after earnings: Here are the key takeawaysRevenues for the period jumped 33% from a year ago to $668.5 million and topped an LSEG estimate of $631.6 million.
The security solutions company posted adjusted earnings of $2.12 per , ahead of the $1.46 expected per .Axon said it has seen increased demand for its bodycams, drones and counter-drone nology due to emerging security and drone threats and experienced growth across segments.The company's TASER unit grew 19% from $181 million to $216 million, while software and services jumped 39%.
Revenues for personal sensors and platforms solutions reached $93 million and $67 million, respectively.
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