Source: DW.com
Axon (AAXN) recently reported a mixed quarter, after which the company's share price cascaded lower by about 23%. Despite the volatile price action, Axon remains in an extremely favorable market position, is projected to resume its double-digit revenue growth, and is trading at just 35 times next year's consensus EPS estimates.
Axon 1-Year
Source: Stockcharts.com
Axon's stock has corrected significantly in recent weeks, and the reaction to the company's most recent earnings report appears to be overdone. Axon is now trading around major support, and once the share price stabilizes, Axon could recover