A Closer Look at Axon Enterprise

Axon Enterprise, Inc. is a publicly traded company founded in Scottsdale, Arizona in 1993. The company went public on June 7th, 2001. The inspiration for this topic is our interest in equity research. We believe that understanding how to fundamentally research a company is not only beneficial for our careers, but for our own personal financial learning. One thing that stood out about Axon was its dominant control of the stun gun market. Axon captures around 90%.. Because of this, we wanted to dive deeper. Surely, this has to be a good investment. What company owns almost all of the market share but isn’t a good investment? In our heads, none. But that wasn’t enough. We wanted to dive deeper and examine the fundamental business mechanisms of the firm to determine for ourselves why this is, and why we believe the company really does have tremendous growth potential. By connecting with Axon executives, developing an investment thesis, and understanding the fundamental business drivers behind Axon, we will develop a thorough understanding of Axon’s financial standing. Our goals; fundamental analysis of Axon, determine a one year price target, convince readers that Axon is a rewarding and appealing investment opportunity.