AXON

Axon Enterprise (AXON) closed at $392.53, up 2.46%, outperforming the S&P 500's 0.28% gain. The company holds a Zacks Rank #1 (Strong Buy) rating with anticipated Q earnings of $1.94 EPS (+65.81% YoY) and revenue of $934.1M (+31.44% YoY). However, the stock trades at a premium Forward P/E of 48.59 versus the industry average of 31.25.

Axon Enterprise (AXON) declined 1.34% to $407.80, underperforming the S&P 500's 1.11% loss. The stock has dropped 6.5% over the past month.

Despite the recent weakness, the company maintains a Zacks Rank #1 (Strong Buy) rating with projected Q earnings of $1.94 per share (65.81% YoY growth) and full-year earnings of $7.88 per share (15.04% YoY growth). The stock trades at a Forward P/E of 52.44, above its industry average of 31.66.

Axon Enterprise has attracted investor attention despite a -6.5% return over the past month. The company is expected to report strong earnings growth of +65.8% year-over-year for the current quarter and +15% for the fiscal year.

Revenue is projected to grow +31.6% in the current quarter. Axon received a Zacks Rank #1 (Strong Buy) rating, though it trades at a premium valuation (F grade) compared to peers.