Earnings Beat Electrifies Axon Enterprise Stock

AXON also received an upgrade from Craig-Hallum

Deputy Editor
Nov 16, 2021 at 10:22 AM
facebook X logo linkedin

Taser maker Axon Enterprise Inc (NASDAQ:AXON) is surging today, up 6.2% to trade at $177.78 at last check, though pulling back from this morning's bigger gains. The company announced third-quarter earnings of $1.17 per share and revenue of $231.99 million, which is much higher than analysts' expected 26 cents per share on $201.22 million. Plus, Craig-Hallum upgraded the stock to "buy" from "hold" after the event, with a price-target hike to $232 from $184. Colliers Securities chimed in too, raising its price target to $240 from $215. 

Earlier jumping as high as $209, AXON neared its Feb. 11 record peak of $212.37. The security has been volatile on the charts this year, though long-term support at its 200-day moving average swooped in to catch multiple pullbacks. 

Following the upgrade, nine of the 11 analysts in coverage carry a "buy" or better rating on AXON, with just two a "hold." Plus, the 12-month consensus price target of $221.67 is still a roughly 21% premium to current levels. Year-to-date, the equity is up roughly 48%. 

Axon stock's typically quiet options pits are overflowing with activity this morning, with options volume running at 61 times what's typically seen at this point. So far, 3,233 calls and 1,819 puts have crossed the tape. The November 220 call is the most popular, followed by the 200 call in the same monthly series, with positions being bought to open at both. 



Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI