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TASER International Receives Order for X2 Smart Weapons
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TASER International Inc. has received an order for 1,525 TASER X2 Smart Weapons from San Bernardino County Sheriff's Department (CA). In addition, the company won an order for 400 TASER X26P Smart Weapons from Huntsville (AL) Police Department (HPD).
Both the orders cover upgrade of the department’s old TASER weapons to the new X2 via the new TASER 60 annual payment plan, which offers warranties and on-site spare equipment for these devices during a five-year period.
The company is expected to make deliveries of both the orders in the fourth quarter of 2016.
A Brief Note on TASER Smart Weapon
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.
About the TASER 60 Plan
TASER 60 is a new plan offering a five-year annual payment arrangement. It combines warranty coverage for an agency's existing TASER Smart Weapons with on-site spares so that officers don’t have to face any downtime. This annual payment plan also allows for consistent budget-line items throughout the period of the order.
The plan features two types of coverage – Basic and Premium. Under the Basic plan, agencies will receive one Smart Weapon under warranty, one battery, on-site spares (provided with the purchase of 30 or more devices), a holster and two training cartridges for a monthly cost of $22 (X26P) or $26 (X2).
The Premium plan, on the other hand, includes an additional battery and 18 more cartridges (for a total for 10 training cartridges and 10 duty cartridges) apart from those covered under the Basic plan. This plan costs $31 (X26P) or $36 (X2) a month.
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. Recently, the company received an order for 769 TASER X2 Smart Weapons from Massachusetts State Police and California Highway Patrol. (Read more: TASER International Gets Order for 769 X2 Smart Weapons)
Price Movement
TASER International has outperformed the Zacks categorized Protection-Safety Equipment and Service industry. The company’s current rate of return is 35.9%, compared to the industry’s average of 21.3% over the last 12 months.
The company’s high-quality smart weapons are witnessing 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.
Alarm.Com delivered an average positive earnings surprise of 165.56% in the trailing four quarters.
MSA Safety delivered an average positive earnings surprise of 12.41% in the trailing four quarters.
Net 1 Ueps delivered an average positive earnings surprise of 7.53%. It reported a positive earnings surprise in two of the four preceding quarters.
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TASER International Receives Order for X2 Smart Weapons
TASER International Inc. has received an order for 1,525 TASER X2 Smart Weapons from San Bernardino County Sheriff's Department (CA). In addition, the company won an order for 400 TASER X26P Smart Weapons from Huntsville (AL) Police Department (HPD).
Both the orders cover upgrade of the department’s old TASER weapons to the new X2 via the new TASER 60 annual payment plan, which offers warranties and on-site spare equipment for these devices during a five-year period.
The company is expected to make deliveries of both the orders in the fourth quarter of 2016.
A Brief Note on TASER Smart Weapon
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.
About the TASER 60 Plan
TASER 60 is a new plan offering a five-year annual payment arrangement. It combines warranty coverage for an agency's existing TASER Smart Weapons with on-site spares so that officers don’t have to face any downtime. This annual payment plan also allows for consistent budget-line items throughout the period of the order.
The plan features two types of coverage – Basic and Premium. Under the Basic plan, agencies will receive one Smart Weapon under warranty, one battery, on-site spares (provided with the purchase of 30 or more devices), a holster and two training cartridges for a monthly cost of $22 (X26P) or $26 (X2).
The Premium plan, on the other hand, includes an additional battery and 18 more cartridges (for a total for 10 training cartridges and 10 duty cartridges) apart from those covered under the Basic plan. This plan costs $31 (X26P) or $36 (X2) a month.
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. Recently, the company received an order for 769 TASER X2 Smart Weapons from Massachusetts State Police and California Highway Patrol. (Read more: TASER International Gets Order for 769 X2 Smart Weapons)
Price Movement
TASER International has outperformed the Zacks categorized Protection-Safety Equipment and Service industry. The company’s current rate of return is 35.9%, compared to the industry’s average of 21.3% over the last 12 months.
The company’s high-quality smart weapons are witnessing 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 Alarm.Com Holdings, Inc. (ALRM - Free Report) , MSA Safety Incorporated (MSA - Free Report) and Net 1 Ueps Technologies Inc. . All of them carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Alarm.Com delivered an average positive earnings surprise of 165.56% in the trailing four quarters.
MSA Safety delivered an average positive earnings surprise of 12.41% in the trailing four quarters.
Net 1 Ueps delivered an average positive earnings surprise of 7.53%. It reported a positive earnings surprise in two of the four preceding 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 >>