AXON - This Company's Cloud Offering Should Put It on Your Radar
Driven by its mission to protect life, Axon Enterprise (NASDAQ: AXON) has two main product lines: taser, and software and sensors. Originally known for its taser product focus, Axon has done a tremendous job transforming into a quickly growing software-as-a-service (SaaS) business. This transformation has moved the company's cloud offerings to the front of investors' minds as the software portion of the software and sensors segment has grown by 57% annually over the last five years. Now seen as the core of the company's ecosystem, Axon Cloud ultimately enables full utilization of all of the company's devices by aggregating data, evidence, records, etc. for its customers in real-time.
Despite seeing its stock rise over 4,000% in the last decade, Axon Enterprise still has a lot to offer investors with its growing subscription bundles and fascinating growth optionality.
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This Company's Cloud Offering Should Put It on Your Radar