RBC Capital has initiated coverage on Axon Enterprise Inc (AXON) with an Outperform rating, effective November 16, 2025. This marks the firm's first assessment of the company's investment potential.
Axon, headquartered in Scottsdale, Arizona, operates in the Aerospace & Defense industry and focuses on developing and selling conducted electrical weapons for personal defense. The company employs approximately 4,100 people and went public on May 8, 2001. Its business segments include Connected Devices and Software & Services, which provide hardware solutions such as conducted energy devices and body cameras, along with integrated cloud-based software for law enforcement.
As of November 13, 2025, Axon has a market capitalization of $44.0 billion, with a trailing twelve-month price-to-earnings (P/E) ratio of 171.05 and earnings per share (EPS) of 3.15. The company is scheduled to report its upcoming earnings on August 2, 2026, with EPS estimated at $1.83 and revenue projected at $854.1 million.
Analyst ratings, such as this one from RBC Capital, provide insights based on extensive research and financial modeling. However, they reflect assumptions that may not always materialize. Investors are encouraged to consider various factors, including company fundamentals and industry trends, when making decisions. Analyst opinions can evolve as new information becomes available, and different analysts may have varying perspectives on the same company.