TASER International Inc. (TASR - Snapshot Report) announced that it received an order for 850 TASER X2 Smart Weapons from the Florida Fish and Wildlife Conservation Commission. The order includes the upgrade of aged TASER weapons to the new X2 Smart Weapon.
The Florida Fish and Wildlife Conservation Commission will opt for the TASER 60 annual payment plan, which provides warranties and on-site spare equipment for these devices throughout the five-year period.
The company is expected to make deliveries of 850 units of TASER X2 in the third quarter of 2016.
TASER X2 is a smart weapon developed specially 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.
In stark contrast to its predecessor, 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.
TASER Seeing a Stream of Orders
TASER International’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. Recently, TASER International’s subsidiary, Axon has won an order for 1,015 Axon Flex and Body 2 cameras from the Atlanta Police Department. Read more: TASER Secures Order for 1,015 Axon Flex & Body 2 Cameras).
Zacks Rank & Key Picks
TASER International currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in the same industry include Alarm.Com Holdings, Inc. (ALRM - Snapshot Report) , Lakeland Industries Inc. (LAKE - Snapshot Report) and Ascent Capital Group, Inc. (ASCMA - Snapshot Report) . All these stocks carry a Zacks Rank #2 (Buy). You can seethe complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Alarm.Com’s earnings estimates witnessed an increase of 12.2% and 12.5% to 46 cents for 2016 and 54 cents for 2017, respectively, over the last 60 days.
Lakeland Industries’ earnings estimates moved up a respective 42.5% and 6.6% to 57 cents for 2016 and 81 cents for 2017 in the last 60 days.
Ascent Capital’s loss estimates narrowed 15.7% and 2.4%, respectively, to $5.63 for 2016 and $4.00 for 2017 over the last 60 days.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>