11/22

Axon Rises 1.42% Amid Strong Earnings and Post-Election Optimism

Axon Enterprise, Inc. (AXON) shares are up 1.42% to $640.23 as of 3:51 pm on Friday, compared to its previous close of $631.27 on November 21st. The stock's upward movement today appears to be part of a broader trend of strong performance following the recent U.S. presidential election. Axon has been highlighted as one of the top-performing stocks in the S&P 500 since Election Day, with gains exceeding 35% due to anticipated favorable policy stances from the incoming administration. Additionally, Axon's robust third-quarter earnings report on November 7th, which saw a 32% increase in revenue year-over-year to $544 million, continues to bolster investor confidence. The company also raised its full-year revenue outlook to approximately $2.07 billion, reflecting over 32% annual growth, which has likely contributed to the positive sentiment surrounding the stock.