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Stock Market & Financial Investment News

News Breaks
August 19, 2014
15:52 EDTDGLYDigital Ally up 80% after increase in media reports about police body cameras
Recent current events in Ferguson, Missouri have led to an increase in media attention relating to police body cameras, including an article in The Wall Street Journal titled 'What Happens When Police Officers Wear Body Cameras,' noting that force by officers declined 60%; an article in Time titled 'California Mayor Urges Cops to Wear Body Cameras After Ferguson,' where Hawthorne Mayor Chris Brown is introducing an ordinance for the police to begin wearing body cameras; and a Fox article titled 'Ferguson violence prompts call for same type of police body cameras being tested in Indiana.' Digital Ally, which is up 80%, develops, manufactures and markets digital video imaging, audio recording and related storage products for use in law enforcement, including a miniature digital video system designed to be worn on a individual's body.
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September 26, 2014
08:32 EDTDGLYDigital Ally receives order from U.S. Military Police for FirstVu HD Body Camera
Digital Ally announced that it has received an order from a U.S. military base involving the Company's complete video evidence gathering system. The solution includes the FirstVU HD body-worn camera, DVM-800 in-car camera and patented VuLink, which provides hands-free recording activation and integrates the video systems into a seamless data/evidence gathering solution. The initial order is valued at approximately $200,000, with subsequent follow-on orders expected. Although not a huge order in itself, the military police in general represents a largely untapped channel through which Digital Ally can distribute its line of products, and illustrates an increasing awareness of the benefits provided by capturing comprehensive audio and video of officer-involved incidents for police forces in all areas.
September 16, 2014
14:38 EDTDGLYTASER, Digital Ally climb after report praises police cameras
Shares of TASER (TASR) and Digital Ally (DGLY) - which both make wearable cameras for police officers - are rising after a report praised such devices. The report was written by an independent research organization called The Police Executive Research Forum, with support from the Justice Department. WHAT'S NEW: Wearable cameras have strengthened accountability and transparency in many ways, the report quoted all police executives with whom it spoke as saying. The cameras have enabled agencies to find and correct "large structural problems" and have increased the professionalism of officers, the report stated. Implementing wearable cameras has caused complaints to decline, while improving interactions between offices and the public, the report added. Furthermore, the wearable cameras have enhanced the ability of officers to collect evidence. The report features several quotes of high ranking officials discussing the benefits of wearable cameras for police. The Deputy Assistant Attorney General of the Justice Department's Civil Rights Division, Roy Austin, Jr., is quoted as saying that, "Some police departments are doing themselves a disservice by not using body-worn cameras," as not having the cameras puts police at a disadvantage when dealing with citizens who do carry cameras. Additionally, if police departments are investigated by the Civil Rights Division, wearable cameras can show that they are following the Constitution, Austin stated. However, the report did urge agencies to consider privacy issues before implementing wearable camera and it suggested that officers could have concerns about wearing cameras. PRICE ACTION: In mid-afternoon trading, TASER advanced 1% to $18, well off its low for the day of $17.38, and Digital Ally climbed 2% to $19.03, well off its daily low of $18.16.
13:36 EDTDGLYDigital Ally mentioned cautiously by TheStreetSweeper
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12:38 EDTDGLYDigital Ally, TASER up after DoJ releases report discussing body cameras
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