Why TASER International, Inc.'s Shares Jumped
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of TASER International, jumped 14% today after announcing new orders.
So what: Thirteen customers ordered new TASER weapons and 29 agencies are deploying TASER SMART weapons or upgrades. Most of the orders took place in the fourth quarter of last year and a dollar amount wasn't announced.
Now what: What's important is that TASER International is seeing solid order flow for new products from law enforcement. Investors are hoping to see significant growth this year, and with a forward P/E ratio of 54, the expectations are high. I'd like to see more value in shares or bottom-line growth before jumping in, but this order is a step in that direction, so fourth-quarter numbers will be key for the stock.
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The article Why TASER International, Inc.'s Shares Jumped originally appeared on Fool.com.Fool contributor Travis Hoium has no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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