Is Axon Enterprise Stock Outperforming the Nasdaq?
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Scottsdale, Arizona-based Axon Enterprise, Inc. (AXON) is a technology provider in global public safety for law enforcement, military, and civilians. Valued at a market cap of $60.5 billion, the company operates through two segments, Software and Sensors, and TASER.
Companies valued at $10 billion or more are generally classified as “large-cap” stocks, and Axon Enterprise fits this description perfectly. The company is known for its TASER energy weapons. It also provides body-worn cameras, digital evidence management systems, and AI-powered software through its cloud-based Axon Cloud platform.
AXON stock has declined 3.6% from its 52-week high of $806.64 recorded on June 9. AXON Enterprise stock has surged 40.1% over the past three months, notably surpassing the broader Nasdaq Composite ($NASX), which increased 9.6% during the same period.
In the longer term, AXON stock is up 30.8% on a YTD basis, significantly outperforming NASX's 1.1% return. Additionally, shares of AXON have soared 161.7% over the past 52 weeks, compared to NASX’s 9.3% gain over the same period.
Despite a few fluctuations, the stock has been trading above its 50-day and 200-day moving averages since last year.
Shares of AXON climbed 14.1% following its better-than-expected Q1 2025 results on May 7. It posted record quarterly revenue of $603.6 million, up 31.3% year-over-year, significantly beating Wall Street expectations. The strong performance was driven by growth in Software & Services, robust adoption of TASER 10 and Axon Body 4, and rising demand for its platform sensors. Adjusted EPS came in at $1.41, marking a 22.6% increase from the year-ago quarter and surpassing consensus estimates.
Encouraged by the momentum, AXON also raised its full-year 2025 revenue guidance to a range of $2.6 billion to $2.7 billion, up from its previous projection of $2.55 billion to $2.65 billion.
Compared to its rival, L3Harris Technologies, Inc. (LHX) has lagged behind AXON stock. LHX stock has increased 13.7% over the past 52 weeks and 19.3% on a YTD basis.
Due to AXON’s strong performance, analysts are strongly optimistic about its prospects. Among the 15 analysts covering the stock, there is a consensus rating of “Strong Buy,” and it is currently trading above the mean price target of $735.
On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.