Axon Enterprise 's stock popped 14% after the TASER maker surpassed Wall Street's estimates and boosted its guidance due to robust demand for its security solutions.
"Demand for new technology from our customers is accelerating, and it's outpacing even my most optimistic expectations," said CEO Rick Smith on an earnings call with analysts. "There's now one breakout product driving conversations. It's everything."
The security solutions company also hiked guidance for the year, saying it now expects revenues of $2.65 billion to $2.73 billion. That's up from prior revenue guidance of $2.60 billion to $2.70 billion.