🚨 AXON PLUNGES 18% TO 2-YEAR LOW
Axon Enterprise (NASDAQ: AXON) plunged 18.2% on Friday to $313 — its lowest level in more than two years — after a Q3 earnings miss and a guidance cut.
📉 Stock: $313.00, down $69.56 (-18.18%) from a $382.56 close
📊 Q3 EPS: $1.72 vs $1.89 expected — revenue $908.6M vs $934.3M expected, despite rising 28% year over year to a record
🛩️ Cause: three federal Dedrone counter-drone deployments worth about $130M were delayed out of 2026
🎯 Guidance cut: full-year revenue now $3.61B–$3.63B (~30% growth, down from 32–34%); free cash flow outlook cut to $350M–$400M from $450M
🤝 Big bet: Axon is investing another $1.2B in drone maker Skydio, raising its stake to 37% with exclusive US & Canada public-safety distribution rights
Sources: MarketBeat / FiscalAI, Motley Fool, Reuters
#Stocks #Axon #AXON #Earnings #Investing #Zimbuck
Axon Enterprise (NASDAQ: AXON) plunged 18.2% on Friday to $313 — its lowest level in more than two years — after a Q3 earnings miss and a guidance cut.
📉 Stock: $313.00, down $69.56 (-18.18%) from a $382.56 close
📊 Q3 EPS: $1.72 vs $1.89 expected — revenue $908.6M vs $934.3M expected, despite rising 28% year over year to a record
🛩️ Cause: three federal Dedrone counter-drone deployments worth about $130M were delayed out of 2026
🎯 Guidance cut: full-year revenue now $3.61B–$3.63B (~30% growth, down from 32–34%); free cash flow outlook cut to $350M–$400M from $450M
🤝 Big bet: Axon is investing another $1.2B in drone maker Skydio, raising its stake to 37% with exclusive US & Canada public-safety distribution rights
Sources: MarketBeat / FiscalAI, Motley Fool, Reuters
#Stocks #Axon #AXON #Earnings #Investing #Zimbuck
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