It's been 20 years since Axon Enterprise (AXON) last split its stock, and that year it actually split the shares three different times. As net sales jumped 31% for fiscal 2023 and 34% for the first half of 2024 amid rising demand for accountability and safety, management is closely evaluating stock splits, especially with AXON nearing its all-time record high.
Axon is more than just a stun gun maker. Its interconnected products via the cloud help law enforcement manage data efficiently. The jump in sales, triggered by public demand for better accountability and safety, signals an exciting future for AXON. With net sales rising substantially, management is encouraged to raise guidance for revenue, projecting significant growth.
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