TASER International (TASR) is Upgraded by CL King to Buy

TASER International (TASR) was Upgraded by CL King to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. CL King advised their investors in a research report released on Jul 6, 2016.

Many Wall Street Analysts have commented on TASER International. Company shares were Reiterated by JP Morgan on May 17, 2016 to “Overweight”, Firm has raised the Price Target to $ 26 from a previous price target of $25 .Company shares were Reiterated by Dougherty & Company on May 5, 2016 to “Buy”, Firm has raised the Price Target to $ 23 from a previous price target of $21 .

On the company’s financial health, TASER International reported $0.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.04. The company had revenue of $55.50 million for the quarter, 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.

TASER International opened for trading at $25 and hit $25 on the upside on Friday, eventually ending the session at $24.89, with a gain of 0.04% or 0.01 points. The heightened volatility saw the trading volume jump to 6,28,072 shares. Company has a market cap of $1,309 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.

TASER International

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