AAXN - Axon Enterprise, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
-0.18 (-0.29%)
As of 9:46AM EDT. Market open.
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Previous Close61.50
Bid61.01 x 800
Ask61.48 x 800
Day's Range61.01 - 61.46
52 Week Range39.43 - 76.45
Avg. Volume588,416
Market Cap3.625B
Beta (3Y Monthly)0.79
PE Ratio (TTM)122.64
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Trade prices are not sourced from all markets
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  • 7 SaaS Stocks to Buy for Long-Term Gains
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    Software-as-a-Service, or SaaS, isn't a new concept. This idea that companies can take on-premise software solutions, host them through the cloud and offer them in a subscription package to customers has been around for a while.But, just because the SaaS concept has been around for a while, that doesn't mean it's too late to jump on the SaaS bandwagon. Truth be told, SaaS stocks in the right industry are winning stocks. They are high-growth companies because they align with the secular pivot to cloud solutions, and they're high-margin companies, too, because the costs associated with delivering a cloud-hosted software service at scale are small. Plus, SaaS stocks are also supported by steady and predictable subscription revenue streams.Broadly speaking, then, SaaS stocks are often big growers with big margins and lots of revenue predictability. That combination usually makes SaaS stocks big winners in the long run.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThis trend won't reverse course any time soon. Only 20% of enterprise workloads have migrated to the cloud, so the runway for cloud growth remains long and promising. Meanwhile, margins will likely only head higher as the industry scales, and revenue predictability won't waver. * 10 Tech Stocks With Key Products That Face an Uncertain Future Overall, then, it's not too late to get bullish on SaaS stocks. With that in mind, let's take a look at seven SaaS stocks to buy for long-term gains. Shopify (SHOP)Source: Shopify via FlickrSoftware Service: E-commerce solutionsOne of my favorite SaaS stocks is Shopify (NYSE:SHOP). In short, Shopify offers e-commerce solutions to retailers of all shapes and sizes so that any seller can sell any item to any buyer through any channel.These solutions have both tremendous value, and tremendous room for growth. On the value side, consumers are increasingly connected to content and products through various digital channels. Retailers need to connect with consumers through those various channels. Shopify gives them the tools to do so.On the growth side, Amazon (NASDAQ:AMZN) owns about 50% of the U.S. e-commerce market. That's unsustainable. Over the next several years, the e-commerce market will democratize as retailers pivot more aggressively into digital. That pivot will include a bunch of those retailers adopting Shopify's solutions.Overall, Shopify is a winning SaaS stock. The stock has already increased ten-fold over the past three-plus years. But, with revenue growth running at 50%-plus and margins roaring higher, SHOP stock will only keep heading higher in the long run. Twilio (TWLO)Source: Web Summit Via FlickrSoftware Service: Communication solutionsAnother one of my favorite SaaS stocks to buy for the long haul is Twilio (NASDAQ:TWLO). Twilio offers real-time communication solutions to businesses of all shapes and sizes so that they can connect with customers at any point in time through any communication channel.Much like Shopify, Twilio's communication solutions have both tremendous value and tremendous growth potential. On the value side, customers increasingly demand a unique and personalized customer experience. A big part of that is personalized and real-time communication. Twilio offers solutions that allow businesses to do just that, and dramatically improve their customer experience.On the growth front, Twilio has less than 65,000 customers. There are 30 million-plus businesses in the U.S., and somewhere around 200 million across the globe, nearly all of whom will develop a need for Twilio's services as real-time communication becomes a vital part of the customer experience. * 10 Monthly Dividend Stocks to Buy to Pay the Bills Overall, Twilio stock is a winning SaaS stock with big growth potential. Gross margins are also high, and operating margins are scaling nicely with revenues. As such, Twilio projects to be a big winner for a lot longer. Adobe (ADBE)Source: Shutterstock Software Service: Creative solutionsA bigger SaaS stock that also falls into the long-term winners category is Adobe (NASDAQ:ADBE). Adobe does a lot of things, but at its core, the company offers creative and visual-oriented cloud solutions to creative amateurs, creative professionals and businesses.Adobe's business breaks into three categories, all three of which are big growth categories. First, there's the Document Cloud, which enables customers to sign, edit, amplify and organize digital documents. This business is supported by the secular rise in enterprise-level digital workload adoption. Second, there's the Creative Cloud that delivers second-to-none, visual-focused editing solutions. This business is supported by a global consumption shift toward visual-first content. Third, and perhaps most importantly, there's the Experience Cloud, which is an enterprise-level cloud solution aimed at improving the customer experience. This business is supported by a global shift to an experience-driven economy.Ultimately, Adobe has three big growth businesses, the sum of which create a $100 billion-plus revenue opportunity for Adobe. Revenues this year are projected at just $11 billion. Thus, there's a long runway for growth ahead. Also, gross margins are really high, and this company has a chance to run at 50%-plus operating margins one day.Overall, Adobe is a big company with big growth potential ahead, a combination that should lead to Adobe stock trending higher in the long run. Axon (AAXN)Source: Shutterstock Software Service: Law enforcement solutionsOne of my favorite under-the-radar SaaS stocks is Axon (NASDAQ:AAXN). Axon provides cloud-hosted and next-gen solutions aimed at upgrading, optimizing and digitizing law enforcement processes of all sorts.The idea here is pretty simple. One area of the market that the big technology revolution hasn't hit as hard is the law enforcement world. But, as the world gets more technologically advanced, the need for a law enforcement tech makeover gets bigger. Axon wants to help them with that makeover, and that includes selling smart weapons, body cameras and various related cloud solutions (like a records management system).There are a few things that make Axon attractive as an investment. For starter's, the secular growth narrative of digitizing the law enforcement world is very healthy and it has a lot of room for growth. Second, Axon sells to law enforcement agencies, so demand is largely recession-proof. Third, revenue growth has consistently been north of 15% for a long time. Fourth, margins are roaring higher thanks to the software pivot. * 7 Reasons to Buy Housing Stocks in 2019 All in all, Axon has all the makings of a winning SaaS stock, and I fully expect this stock to head way higher in the long run. Okta (OKTA)Software Service: Identity solutionsMost SaaS stocks are exciting, and all the SaaS stocks on this list are very exciting. But, one of the more exciting SaaS stocks on this list is Okta (NASDAQ:OKTA), given the company's unique approach to a potentially huge market.Broadly speaking, Okta is pioneering what management calls the identity cloud. The whole idea of the identity cloud is enabling enterprises to securely adopt any technology and/or software, by focusing on protecting a user's identity. This service has tremendous value in today's enterprise environment, wherein new technologies and software are being adopted in bulk, and where personal privacy and data protection have become of increasing importance recently.This is a big idea. Big ideas have big markets. Indeed, the addressable market for Okta's identity cloud is the whole IT space. Okta recorded revenues of just over $100 million last quarter from growth of nearly 60%. This is nothing new. Over the past several quarters, the average revenue growth rate has hovered around 60% and the average customer growth rate has hovered around 40%.Thus, this is a small company that is consistently and rapidly growing in a huge market. That makes Okta an attractive SaaS stock to own for the long run. The Trade Desk (TTD)Source: Shutterstock Software Service: Programmatic ad buying solutionsOne of my favorite SaaS stocks for the long run is The Trade Desk (NASDAQ:TTD), and that's mostly because this company is the unparalleled leader in a huge growth industry.The Trade Desk is in the field of programmatic advertising. Essentially, programmatic advertising is using machines and algorithms to buy ads. A few years back, the ad buying process involved two or more human parties negotiating back and forth until an agreement was made. This process worked, but it was also time-consuming, costly, and largely inefficient in optimizing ad spend return. As technology has advanced, this process has become better. Now, instead of using human parties to negotiate, big companies are allocating their ad-spend using machines, which take data-driven inputs to optimize ad spend, and do so quickly, dynamically and without labor costs.The Trade Desk is the undisputed leader in offering programmatic advertising solutions. As such, the company has been a big grower for the past several years as programmatic advertising has really come into its own. This growth narrative is far from over. While programmatic advertising is already dominant in some advertising markets (like mobile), it is much smaller and less known in other advertising markets (video, audio, offline, so on and so forth). * 7 Energy Stocks to Buy Now Eventually, programmatic advertising will become big in those other areas given its cost, time and efficiency advantages. As such, at scale, all $1 trillion worth of global advertising dollars will be transacted programmatically. Gross spend on The Trade Desk's platform was under $2.5 billion last year, meaning there's still a long runway for growth ahead. That long runway, coupled with big margins, should keep TTD stock on a winning path. Salesforce (CRM)Source: Shutterstock Software Service: Enterprise cloud solutionsPerhaps the godfather of all SaaS stocks is Salesforce (NYSE:CRM), and that's because this company is a $100 billion-plus empire built on enterprise SaaS cloud solutions.Broadly speaking, Salesforce is the company both at the heart of and leading the cloud and data revolutions. The company offers cloud-based solutions that leverage analytics, data and AI to optimize enterprise operations of all sorts, ranging from sales, to marketing, to engagement. This market has big growth potential, mostly because the cloud revolution is still far from over (only 20% of enterprise workloads have migrated to the cloud) and the data revolution is just getting started (the volume of data globally is expected to surge higher over the next several years).Thus, as cloud adoption permeates and data volume surges, Salesforce will continue to win over clients and be a big grower in the SaaS market. This big revenue growth will couple with healthy and expanding margins, and continue to power robust profit growth. So long as the robust profit growth narrative remains intact, CRM stock will head higher.As of this writing, Luke Lango was long SHOP, AMZN, ADBE, AAXN, OKTA and TTD. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dual-Class Stocks That Will Outperform * 7 Reasons Why Apple Streaming Won't Move the Needle for Apple Stock * 7 A-Rated Stocks to Buy in the Second Quarter Compare Brokers The post 7 SaaS Stocks to Buy for Long-Term Gains appeared first on InvestorPlace.

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    Stocks are off to a great start in 2019. All three major indices are up more than 10%, led by a 16% rally in the Nasdaq Composite, and it's still only March.But, not all stocks have had a great year thus far. For every Roku (NASDAQ:ROKU) and Snap (NYSE:SNAP) -- two stocks that are already up more than 100% year-to-date -- there's another stock on the other end of the spectrum that has struggled for gains in 2019.For some of those struggling stocks, the pain will persist because the fundamentals are weak, and only getting weaker. Indeed, that's probably true for most stocks that have struggled amid the recent market rally.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut, for other beaten up stocks, the pain could end soon. The fundamentals are weak today, but getting better. When they do get better, they will converge on a beaten up stock against a healthy market backdrop, and that convergence could spark a rip-your-face-off rally.That's why I've compiled a list of seven beaten up stocks that I think are ready to reverse course soon. These stocks may stay weaker for longer. But, the underlying fundamentals are improving, and ultimately, buyers who exercise patience at these levels should be rewarded with a big rally in the near- to medium-term future. * 10 Stocks on the Rise Heading Into the Second Quarter Which beaten up stocks made the cut? Let's take a look. Axon (AAXN)Source: Shutterstock % Off All-Time Highs: 37%One of my favorite growth stocks back in 2017 was Axon (NASDAQ:AAXN). The thesis was simple. The law enforcement world is outdated. It needs to be technologically upgraded. Axon provides solutions that do just that across a wide spectrum applications, including smart weapons, body cameras and digital recording systems. Adoption of these solutions will grow by leaps and bounds over the next several years. As it does, Axon stock, which seemed hugely undervalued at $20, will rally.Fast forward two years. The big rally in Axon stock happened. It jumped from $20 to nearly $80 in a year and a half. That rally was overdone. Now, the stock has pulled back in a big way to below $50. This pullback is likewise overdone. The core fundamental growth narrative of Axon improving processes and outcomes across the law enforcement world remains healthy and unchallenged (there are basically no competitors). The stock just got ahead of itself at $80.I've long maintained that Axon stock is fundamentally supported and attractive at $50. I maintain that stance today, and that's why I think this stock is ready to reverse course soon. Weibo (WB)Source: Shutterstock % Off All-Time Highs: 56%Calendar 2018 was unkind to all stocks, but particularly so to Chinese tech stocks. In the slaughtered China tech group, one of the biggest losers was Weibo (NASDAQ:WB), which dropped more than 60% off all-time highs and remains more than 55% off all-time highs today.Surprisingly, the big drop in Weibo stock had very little to do with Weibo-specific fundamentals. Those fundamentals have remained very good. The social networking platform has continued to add users and grow revenues at a robust pace, while it has largely maintained its margin profile and consequently grown profits at an equally robust pace. But, what happened in 2018 is everyone freaked out about a slowdown in China, and those fears coupled with escalating trade and FX headwinds to create a tremendous amount of selling pressure on Weibo stock. * 5 of the Best Stocks to Buy Under $10 Things are looking up for Weibo stock in the New Year. China's economy appears to be stabilizing. Trade headwinds are less severe. As are FX headwinds. Meanwhile, the company just reported quarterly numbers that comprised 28% revenue growth, 18% user growth and 26% profit growth. In other words, the macro is improving, and the micro remains favorable. As such, it seems like only a matter of time before Weibo stock stages a huge comeback rally. Nvidia (NVDA)Source: Shutterstock % Off All-Time Highs: 43%Chip giant Nvidia (NASDAQ:NVDA) used to be considered the unstoppable "AI company". Everyone thought that the company had a monopoly in supplying the building blocks for AI-powered technologies. Everyone also assumed that demand in AI-end markets would remain robust forever. Neither of those is true. Nvidia has stiff competition, and demand has slowed. As such, Nvidia has gone from being an unstoppable growth stock, to a severely beaten-up stock trading more than 40% off all-time highs.But, things should improve in 2019. The big headwinds that weighed on NVDA stock in 2018 were inventory issues putting pressure on margins, and trade and economic uncertainty headwinds diluting demand. Those headwinds will become old news in 2019. Nvidia is already cycling through its inventory issues, and trade and economic uncertainty headwinds have become significantly less severe. As such, in 2019, demand should come back into picture, while supply should be reduced. That will create a favorable backdrop for Nvidia to return to healthy revenue growth and gross margin expansion.When that happens, NVDA stock will stage a huge turnaround toward and potentially above $200. Capri (CPRI)Source: Shutterstock % Off All-Time Highs: 54%Shares of global fashion conglomerate Capri (NYSE:CPRI) have been hammered over the past several quarters for various reasons. One, the core Michael Kors brand has lost steam. Two, margins have been under pressure. Three, investors have questioned the Versace acquisition. All together, investor sentiment has been weak, and CPRI stock has dropped more than 50% off all-time highs.I think these concerns are overblown. In the big picture, the morphing together of three luxury fashion brands (Michael Kors, Jimmy Choo and Versace) under one fashion conglomerate umbrella mitigates the financial risks and noise associated with fashion-trend cycles, while boosting brand awareness and equity. Consequently, while the Michael Kors brand will continue to cycle between hot and cold for the foreseeable future, Capri's revenues in 2019 and after will show significantly greater stability. Margins will likewise improve with this enhanced stability. And, because of revenue and margin stability, the Versace acquisition will prove to be more than worth it -- it will ultimately be seen as necessary. * 7 Hot Stocks Under $4 It's only a matter of time before the market realizes this. When it does, investors will flock to this really cheap stock (9-times forward earnings) and that flocking could spark a big recovery rally. AT&T (T)Source: Shutterstock % Off All-Time Highs: 30%The narrative at AT&T (NYSE:T) has been dominated by cord cutting for several years now. Specifically, as more consumers have cut the cord, AT&T's historically stable cable business has struggled. That has created a drag on the company's revenue, margins and profits. To make matters worse, with the acquisition on Time Warner, AT&T is now one of the most indebted companies in history. A bunch of debt on muted profit growth doesn't exactly attract buyers. It attracts sellers, and that's exactly what has happened to this stock.But, a turnaround could be in store. The mainstream and widespread roll-out of 5G wireless coverage is coming, and that will provide a much-needed boost to this company's wireless business. Meanwhile, Time Warner content assets should give AT&T the necessary firepower to expand more deeply into the streaming world and offset cord cutting weakness. Rates have also stopped climbing, so pressure on the balance sheet is easing while the big 6.6% dividend yield is relatively more attractive.All in all, the fundamentals underlying AT&T stock will improve in 2019. As they do, this super cheap, beaten up stock will outperform. Twitter (TWTR)Source: Shutterstock % Off All-Time Highs: 57%In 2018, social media giant Twitter (NYSE:TWTR) was on a roll. Until it wasn't. The stock went from $25, to $50, back to $25, all in the same year, as investors couldn't figure out whether user growth really mattered. Ultimately, the market has settled on the fact that it does matter, as revenue growth and margin expansion have remained robust, but the user base has declined, and Twitter stock trades well off all-time highs.The market made the wrong conclusion here. Monthly active users is a meaningless metric without engagement. What are eyeballs if those eyeballs aren't really interacting or paying attention? Engaged eyeballs for advertising purposes are infinitely more valuable because they lead to more data, which leads to better targeting, more relevant ads, and more ad conversions. At Twitter, those engaged eyeballs continue to go up, as the number of engaged daily active users is growing at a ~10% year-over-year rate. * 5 Stocks To Buy for the Happiest Employees So long as that number continues to grow, revenues will grow, and so will margins. The market will realize this in 2019. When it does, you will see Twitter stock stage a big turnaround. Activision (ATVI)Source: Gamevil Inc. via Flickr% Off All-Time Highs: 48%Much like Twitter, Activision (NASDAQ:ATVI) stock was on a roll. But the stock went from $65, to $80, to $45, all in a matter of twelve months, because near-term positives quickly turned into near-term negatives. Specifically, everyone was expecting a big holiday quarter out of Activision thanks to a new Call of Duty release. That release got delayed. When the game finally did get released, adoption and engagement rates were underwhelming. Fans were disappointed. So were investors. ATVI stock dropped 50%.But, this 50% haircut in ATVI stock seems way overdone. In the big picture, Activision still has three big trends working in its favor. One, digital and mobile consumption globally is only growing, and that lends itself to continued growth in the video game industry, of which Activision is a big player with a broad portfolio of secular appeal games. Two, esports is just starting to come into its own, and Activision is behind arguably the world's most important esports league. Three, innovation in the video game industry is nearing a breakthrough with things like AR/VR and cloud gaming, and those breakthroughs could supercharge growth across the whole industry.Overall, the long-term positives here significantly outweigh the near-term negatives. As such, patience will be rewarded. Eventually, near-term negatives will phase out. When they do, Activision stock will pop in a big way.As of this writing, Luke Lango was long ROKU, AAXN, WB, CPRI, T, TWTR and ATVI. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Specialty Retail ETFs to Buy the Industry's Disruption * 5 Stocks To Buy for the Happiest Employees * 3 Out-of-Favor Consumer Stocks to Buy Compare Brokers The post 7 Beaten-Up Stocks to Buy as They Reverse Course appeared first on InvestorPlace.

  • InvestorPlace28 days ago

    Demand In Police Tech Underpins Bullish Axon Enterprise Case

    Back in early 2017, one of my favorite undiscovered and underrated growths stocks was Axon Enterprise (NASDAQ:AAXN). The shares then were just above $22 a piece. Six months later, AAXN stock took off on a roller-coaster ride that's still moving, but now 128% higher.The bull thesis on the public safety/police equipment maker was simple. The law enforcement world was long overdue for a technology makeover. Axon, the leading and largely peerless provider of solutions which did just that, would benefit from a surge in police tech demand. Axon's revenue and profits would soar. So would AAXN stock.It's now early 2019. That bull thesis has played out as planned. Law enforcement agencies around the globe have increasingly turned towards Axon to upgrade their underlying technology infrastructure, including implementing body cameras, dash cameras, and digital record keeping systems. Axon's revenue growth has consistently run north of 20%. Profits have soared. And, Axon Enterprise stock took off from $20 in early 2017, to nearly $80 by mid-2018.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut, even as a long-term bull, I understand that valuation always matters. In mid-2018, the mid-$80's valuation on AAXN stock didn't add up. Since then, the stock has sputtered lower. Today, it trades hands around $52.Now, with the stock 30% off-all time highs, it's time to get bullish on Axon stock again. The earlier secular bull thesis remains in tact and the valuation now adds up. Plus, the shares appear to be back on a technical uptrend, and history suggests this direction could last for a while. * Top 7 Service Sector Stocks That Will Pay You to Own Them As such, I'm ringing the bull horn on Axon stock again. I don't think it will quadruple again, like it did in 2017/18. But, I do think healthy gains are in store from here in 2019/20. Axon's Fundamentals Are StrongThe fundamental long-term growth narrative underlying Axon stock is both very simple and very strong.In a nutshell, Axon provides technology solutions -- body cameras, dash cams, smart weapons, and cloud-hosted software services -- for law enforcement agencies around the world. These agencies aren't exactly the most tech-savvy or up-to-date firms in the world. But, they need to be, in a world where technology is everywhere, all the time. As such, over the next several years, every law enforcement agency across the globe will look to significantly upgrade its technology infrastructure.When they do, they will be greeted first by Axon, second by Axon, and third by Axon. In other words, Axon is not just the leading player in the law enforcement tech world, but also largely peerless in terms of quality and breadth of law enforcement tech solutions. That's largely why Axon has mostly maintained its 20%-plus growth rate for a long time.This will remain true for the foreseeable future. Axon is tackling some very big markets. Between smart weapons, body cameras, cloud solutions, and sensor solutions, Axon's total addressable market is $8.4 billion. The company reported revenue of just $420 million last year (5% penetration), and those sales grew by 22% year-over-year.In other words, this is a 20%-plus revenue grower tapping into just 5% of its sales potential in a market with relatively little competition. That gives Axon a long and clear runway for big revenue growth over the next several years. On top of that runway, Axon is pivoting to a largely software-focused business model with strong margins, and that move is expected to double EBITDA margins from 15% last year to 30% in the long run. * 5 Cloud Stocks to Help Your Portfolio Fly Overall, Axon stock is supported by a powerful long-term growth narrative built on robust revenue and profit growth for the foreseeable future. Thus, Axon stock is a great stock to own at the right price. The Bull Thesis Looks Good HereRight now, the price is right for adding AAXN stock to a portfolio.Given the company's massive addressable market, secular tailwinds, relatively muted competition, and current growth trajectory, I see Axon as a steady 15% revenue grower into fiscal 2025. That would put sales north of $1 billion by fiscal 2025. Also, I think EBITDA margins will hit their 30% long-term target by then, given current year-over-year margin expansion rates. Assuming a normal tax rate and mild share count growth, I think that will flow into roughly $4 in earnings per share by fiscal 2025. Bottom Line on AAXN StockSoftware stocks tend to trade anywhere between 20- and 35-times forward earnings. Conservatively using a 25x forward multiple, $4 in EPS in fiscal 2025 implies a fiscal 2024 price target for AAXN stock of $100. Discounted back by 10% per year, that equates to a fiscal 2019 price target north of $60.So, with Axon stock trading around $50, fundamentals- supported upside into the end of the year looks good.Axon stock is a long-term winner that underwent some valuation friction headwinds in 2018. Those valuation friction headwinds are now in the rear-view mirror, and the stock has runway to stage a healthy recovery rally in 2019.As of this writing, Luke Lango was long AAXN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Invincible Stocks Leading The Bull Market Higher * 5 Dow Jones Stocks Coming to Life * 7 of the Best High-Yield Funds for 2019 and Beyond Compare Brokers The post Demand In Police Tech Underpins Bullish Axon Enterprise Case appeared first on InvestorPlace.

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