price down icon1.39%   -4.01
after-market  After Hours:  284.19 

Why is Axon Enterprise Inc (AXON) Stock down?

We've noticed a 5.52% decline in Axon Enterprise Inc (AXON) stock during the 2024-05-07 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
09 Nov, 2023:

Axon Enterprise Inc Stock (AXON) dropped by 6.05% from $229.58 to $215.70 in the trading on Thursday November 9, 2023. The reason why AXON stock down today is due to the profit-taking after strong Q3 FY23 results.

  • Q3 adjusted EPS of $1.02. That was 26 cents ahead of estimates and up 70% from a year ago.
  • Revenue grew 33% to $413.6 million vs. $391.1 million estimates. It was the seventh straight quarter with at least 30% growth.
  • Annual Recurring Revenue grows 54% year over year to $619 million. International revenue grows 52%, supported by growing pipeline.
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