Growing Adoption Trend Points to Big Things for Axon Shares (original) (raw)

• Get the best of TheStreet to your inbox.Get the best of TheStreet to your inbox.Get the best of TheStreet to your inbox.

• SUBSCRIBESUBSCRIBESUBSCRIBE

• PORTFOLIOPORTFOLIOPORTFOLIO

• HomeHomeHome

• HoldingsHoldingsHoldings

• ActionActionAction

• AnalysisAnalysisAnalysis

• Weekly RoundupWeekly RoundupWeekly Roundup

• ForumForumForum

• Home

• Portfolio

The growing list of applications for body cameras points to good things for this holding, with a rival set to report as the next catalyst.

*Body camera adoption outside of public safety applications is positive for Axon and its higher-margin cloud business

Over the weekend, we shared our latest collection of ripped-from-the-headlines signals for some of the investing strategies that power the portfolio. Today, we can go one better with some boots-on-the-ground findings that support the growing array of end markets using body cameras.

We’ve talked about how the adoption outside of public safety sectors is a positive for Axon’s (AXON) body camera and cloud businesses. It goes to show that confirmation points are unfolding around us, and if we look carefully enough, we can see them.

As the below photo makes clear, England’s National Health Service (NHS) is one of the entities making use of body cameras. When Axon competitor Motorola Solutions (MSI) reports its June quarter results and Axon does the same, we expect to hear more about these growing end markets on their respective earnings conference calls.

AXON shares have made a nice move over the last month, and we see MSI’s earnings call as the next known catalyst to drive the shares higher.

More Pro Portfolio:

• Locking in More Triple-Digit Gains on This Portfolio Winner
• Monthly Roundup: Can the Market Meet the Challenge?
• What McD's $5 Meal, an L.A. Court Hack and Demand for Perfume Tell Us

At the time of publication, TheStreet Pro Portfolio was long AXON.