- Taser International (TASR +12.3%) soars after reporting better than expected Q3 earnings on 43% higher revenues Y/Y, which analysts at Craig Hallum say was TASR's most impressive quarter in the firm's nearly 10 years covering the company (Briefing.com).
- TASR weapons revenues rose 34% Y/Y, the segment's largest growth since Q4 2012, as the new TASER 60 plan is driving significant business, both new and upgraded.
- While TASR's plan may pull forward revenue from future years, Craig Hallum's group believes that ultimately, by spreading payments over 60 months, the plan will turn what is now an 8-10 year upgrade cycle into a five-year upgrade cycle, and be a net positive for the company.
- Oppenheimer analysts believe TASR is maintaining the right strategy to become a technology leader to police departments, but it will require investor patience, as agencies are slow to change.
- Also, TASR said CFO Dan Behrendt will be stepping down after 12 years with the company.
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Taser +12% after big quarter, analyst praise
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