Advertisement
Canada markets open in 2 hours 54 minutes

  • S&P/TSX

    21,873.72
    -138.00 (-0.63%)
     

  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     

  • DOW

    38,460.92
    -42.77 (-0.11%)
     

  • CAD/USD

    0.7312
    +0.0014 (+0.19%)
     

  • CRUDE OIL

    82.84
    +0.03 (+0.04%)
     

  • Bitcoin CAD

    86,846.89
    -4,016.19 (-4.42%)
     

  • CMC Crypto 200

    1,353.80
    -28.77 (-2.08%)
     

  • GOLD FUTURES

    2,338.90
    +0.50 (+0.02%)
     

  • RUSSELL 2000

    1,995.43
    -7.22 (-0.36%)
     

  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     

  • NASDAQ futures

    17,511.50
    -153.00 (-0.87%)
     

  • VOLATILITY

    16.16
    +0.19 (+1.19%)
     

  • FTSE

    8,088.92
    +48.54 (+0.60%)
     

  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

  • CAD/EUR

    0.6814
    -0.0005 (-0.07%)
     

TASER International Wins Multiple Orders for X2 Weapons

Zacks Equity Research
Updated

TASER International Inc. TASR announced that it had earlier received an order for 930 TASER X26P Smart Weapons from New South Wales Police. In addition, the company secured orders for 800 X26s for Queensland Police Service and 855 TASER X2s for New Zealand Police.

The company completed deliveries for all these orders in the fourth quarter of 2016.

According to Rick Smith, CEO and co-founder of TASER International, Australia and New Zealand adopted TASER weapons quite some time ago and have reported significantly lower incidents of physical injuries to suspects and officers. International orders are a major component of for TASER International’s revenues.

A Brief Note on TASER Smart Weapons

The advanced TASER Smart Weapon offers improved performance over other options used by law enforcement agencies. It can temporarily incapacitate virtually any individual regardless of pain tolerance, drug use or body size – factors that often hamper the efficiency of other less lethal options.

TASER X2 is a smart weapon developed specifically for law enforcement agencies. Packing an upgrade over the older version of TASER weapon, the X2 boasts features like backup shot, dual lasers and a warning arc to ensure accuracy and effectiveness.

Need for Smart Weapons

TASER International’s electrical weapons have become one of the most trusted tools to be used by law enforcement agencies. Incorporating a wide variety of suggestions has enabled the company come up with a product that meets all kinds of customer requirements and can help officers stay safe in the field.

Notably, the new smart weapon is built on an all-digital platform. It can regulate charge output, perform health checks, update firmware over the Internet, and offers analytics on how and when someone uses a device.

Why TASER?

TASER develops, assembles and markets less lethal, conducted energy weapons primarily for use in the law enforcement and corrections markets. In Dec 2016, the company announced an order for 1,525 TASER X2 Smart Weapons from San Bernardino County Sheriff's Department and 400 TASER X26P Smart Weapons from Huntsville (AL) Police Department.

Price Movement

TASER International has outperformed the Zacks categorized Protection-Safety Equipment and Service industry. The company’s current rate of return is 66.2%, compared to the industry’s average of 34.5% over the last 12 months.



TASER International’s high-quality smart weapons enjoy robust demand as law enforcement agencies across the U.S. are increasingly opting for such devices to strengthen their existing infrastructure. The company has also gained a handful of international customers, thanks to the quality and ease of use of its products, which in turn is driving its performance.

Zacks Rank & Key Picks

TASER currently has a Zacks Rank #3 (Hold). Some better-ranked stocks in the same space include Lakeland Industries Inc. LAKE, G4S plc GFSZY and Allegion Plc ALLE.

Lakeland Industries’ shares witnessed a 6.4% gain in the last three months. The company’s 2017 earnings estimates increased 1.8% in the last 60 days. Lakeland sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

G4S plc carries a Zacks Rank #2 (Buy). The stock gained 3.3% during the last five trading sessions. The company’s 2017 earnings estimates inched up 0.9% in the last 30 days.

Allegion, another Zacks Rank #2 stock, has seen its shares gain 2.7% over the last five days. On an average, the company has delivered a positive earnings surprise of 6.18% in the trailing four quarters.

Zacks’ Best Private Investment Ideas

In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time?

Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Lakeland Industries Inc. (LAKE): Free Stock Analysis Report
 
Taser International Inc. (TASR): Free Stock Analysis Report
 
Allegion PLC (ALLE): Free Stock Analysis Report
 
G4S PLC-UNS ADR (GFSZY): Free Stock Analysis Report
 
To read this article on Zacks.com click here.