Jim Cramer on Axon: “Motorola is a Powerful Competitor”

“Okay, truthful Rick Smith was on, helium comported himself arsenic accustomed excellently. But remember, Motorola is successful this concern now, and Motorola is simply a almighty competitor, and they could beryllium a occupation down the line. They weren’t, according to Rick now, but I deliberation erstwhile you person a large canine that comes successful and wants that business, they tin spend to springiness immoderate of the concern away. That’s what’s changed the complexion of the stock, and that’s what makes maine little convinced.”

A laptop and a machine show show a elaborate banal marketplace method investigation chart. Photo by Jakub Zerdzicki connected Pexels

Axon Enterprise, Inc. (NASDAQ:AXON) develops and sells TASER devices, assemblage and fleet cameras, and bundle solutions that assistance instrumentality enforcement capture, store, and negociate integer evidence. On October 31, Cramer showed a bullish sentiment toward the company, arsenic helium remarked:

“After the close, we person 2 immense winners truthful acold this year, well, 1 for many, galore years, well, really some of them really, AMD and Axon. Now, we’ve had their CEOs connected repeatedly. These are the kinds of semipermanent outperformers that you simply person to see owning… Axon’s upending the full instrumentality enforcement paradigm with its tasers, its assemblage cameras, its drones, and its automatic artificial intelligence… constabulary reports. You cognize what, I really ain them both. Not for the screamers, though.”

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Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.