Axon Enterprise Inc Stock News

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Two analysts weighed in with adjustments to their Axon takes. That didn't help sentiment on the stock, as the pair both reduced their price targets.

Axon Enterprise grew sales by 31% in the third quarter compared to last year. However, its adjusted earnings per share did match analysts' expectations, so the stock tumbled.

Axon posted a sales beat in Q3, but earnings fell far short of Wall Street's target. The business posted 30.6% year-over-year sales growth last quarter, but margins came in weaker than expected.

Defense stock Axon Enterprise Inc (NASDAQ:AXON) is plummeting today, down 14.1% at $606.37 at last glance.

Axon signaled that federal contracting wins are coming, despite the shutdown.

Axon Enterprise's stock plummeted after the TASER maker missed Wall Street's third-quarter profit expectations due to tariff constraints. The company said its connected devices business, which includes TASERS and counter drone equipment, felt the biggest pinch from the first full tariff quarter.

Axon Enterprise, Inc. is down 20% after hours. AXON reported a large Q3 EPS miss due to tariffs and increased R&D spending. While short-term headwinds remain, AXON stock represents an attractive risk-reward profile.