Axon Enterprise, Inc. provides public safety technology solutions in the United States and internationally. The company operates in two segments, Software and Services, and Connected Devices. The Software and Services segment develops, manufactures, and sells cloud-based software-as-a-service solutions to capture, store, manage, share, and analyze video and other digital evidence. This segment also offers Axon Evidence, Draft One, Axon Records, Axon Standards, Axon Fusus, Axon Assistant, and others. The Connected Devices segment engages in the development, manufacture, and sale of integrated hardware solutions, such as conducted energy devices under the TASER brand, body cameras, fixed and in-car cameras, drone and counter-drone technologies, accessories, extended warranties, and related hardware products, as well as virtual reality training hardware. The company serves first responders across international, federal, state, and local governments, international governmental entities, commercial enterprises, and consumers through direct sales, distribution partners, and third-party resellers. The company was formerly known as TASER International, Inc. and changed its name to Axon Enterprise, Inc. in April 2017. Axon Enterprise, Inc. was incorporated in 1993 and is headquartered in Scottsdale, Arizona.
Valuation Concerns | Delve into the challenges of Axon's premium valuation, with a P/E ratio of 176.83, and potential risks in a competitive and regulated industry |
Market Expansion | Explore Axon's strategic moves into international markets and new segments like drones and counter-UAS, broadening its total addressable market |
Financial Strength | Axon reports impressive 32.41% revenue growth and 60.58% gross profit margins, with analysts projecting a 17% upside potential |
AI-Driven Growth | Axon's AI Era Plan gains traction with $150 million in bookings, positioning the company at the forefront of law enforcement technology innovation |

Metrics to compare | AXON | Sector Sector - Average of metrics from a broad group of related Industrials sector companies | Relationship RelationshipAXONPeersSector | |
|---|---|---|---|---|
P/E Ratio | 253.2x | 43.7x | 12.5x | |
PEG Ratio | −3.58 | 1.02 | 0.03 | |
Price / Book | 9.7x | 4.2x | 1.4x | |
Price / LTM Sales | 11.4x | 3.2x | 1.3x | |
Upside (Analyst Target) | 82.5% | 36.8% | 19.8% | |
Fair Value Upside | Unlock | −13.0% | 5.9% | Unlock |