TASER International (TASR) is Downgraded by Ladenburg Thalmann to Neutral

TASER International (TASR) was Downgraded by Ladenburg Thalmann to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Ladenburg Thalmann advised their investors in a research report released on Oct 3, 2016.

Many Wall Street Analysts have commented on TASER International. TASER International was Downgraded by Ladenburg Thalmann to ” Neutral” on Oct 3, 2016. TASER International was Upgraded by CL King to ” Buy” on Jul 6, 2016.

On the company’s financial health, TASER International reported $0.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.05. The company had revenue of $58.80 million for the quarter, compared to analysts expectations of $54.42 million. The company’s revenue was up 25.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS.

TASER International closed down -0.32 points or -1.11% at $28.61 with 19,14,057 shares getting traded on Friday. Post opening the session at $28.93, the shares hit an intraday low of $28.57 and an intraday high of $28.99 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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