Sohini Mondal

Wed, Jun 18, 2025, 8:12 AM2 min read

Scottsdale, Arizona-based Axon Enterprise, Inc. (AXON) is a technology provider in global public safety for law enforcement, military, and civilians. Valued at a market cap of $60.5 billion, the company operates through two segments, Software and Sensors, and TASER.

Companies valued at $10 billion or more are generally classified as “large-cap” stocks, and Axon Enterprise fits this description perfectly. The company is known for its TASER energy weapons. It also provides body-worn cameras, digital evidence management systems, and AI-powered software through its cloud-based Axon Cloud platform.

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AXON stock has declined 3.6% from its 52-week high of $806.64 recorded on June 9. AXON Enterprise stock has surged 40.1% over the past three months, notably surpassing the broader Nasdaq Composite ($NASX), which increased 9.6% during the same period.

In the longer term, AXON stock is up 30.8% on a YTD basis, significantly outperforming NASX's 1.1% return. Additionally, shares of AXON have soared 161.7% over the past 52 weeks, compared to NASX’s 9.3% gain over the same period.

Despite a few fluctuations, the stock has been trading above its 50-day and 200-day moving averages since last year.

Shares of AXON climbed 14.1% following its better-than-expected Q1 2025 results on May 7. It posted record quarterly revenue of $603.6 million, up 31.3% year-over-year, significantly beating Wall Street expectations. The strong performance was driven by growth in Software & Services, robust adoption of TASER 10 and Axon Body 4, and rising demand for its platform sensors. Adjusted EPS came in at $1.41, marking a 22.6% increase from the year-ago quarter and surpassing consensus estimates.

Encouraged by the momentum, AXON also raised its full-year 2025 revenue guidance to a range of $2.6 billion to $2.7 billion, up from its previous projection of $2.55 billion to $2.65 billion.

Compared to its rival, L3Harris Technologies, Inc. (LHX) has lagged behind AXON stock. LHX stock has increased 13.7% over the past 52 weeks and 19.3% on a YTD basis.