TASER International (TASR) reported quarterly earnings results on Wednesday, May-4-2016. The company said it had a profit of $0.06 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.04. The company posted revenue of $55.50 million in the period, compared to analysts expectations of $51.82 million. The company’s revenue was up 23.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.
Many Wall Street Analysts have commented on TASER International. Dougherty & Company Resumed TASER International on Mar 29, 2016 to “Buy”, Price Target of the shares are set at $21.
TASER International opened for trading at $18.25 and hit $18.6 on the upside on Monday, eventually ending the session at $18.53, with a gain of 1.48% or 0.27 points. The heightened volatility saw the trading volume jump to 4,99,243 shares. Company has a market cap of $995 M.
In a different news, on Mar 17, 2016, Joshua Isner (EVP Global Sales) sold 1,780 shares at $18.80 per share price. According to the SEC, on Mar 7, 2016, Hadi Partovi (director) purchased 100,000 shares at $19.85 per share price. On Mar 7, 2016, Luke Larson (President) sold 6,000 shares at $20.01 per share price, according to the Form-4 filing with the securities and exchange commission.
TASER International Inc. is engaged in development manufacture and sale of conducted electrical weapons (CEW) designed for use in law enforcement military corrections private security and personal defense. The Company is engaged in developing devices with technology to incapacitate dangerous combative or high-risk subjects who pose a risk to law enforcement officers innocent citizens or themselves in a manner that is generally recognized as a safer alternative to other uses of force. The Company operates through two segments: the sale of CEWs accessories and other products and services and the video business. The CEWs Products segment makes CEWs that use it Neuro Muscular Incapacitation (NMI) effects for two main types of market segments: the law enforcement military corrections and professional security markets; and the consumer market. The Video business includes the TASER Cam AXON Video products and EVIDENCE.com.