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Stock Market & Financial Investment News

News Breaks
March 7, 2013
09:25 EDTTASR, TASR, TASRTASER to host analyst day
Analyst Day to be held in New York on March 12 at 10 am. Webcast Link
News For TASR From The Last 14 Days
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April 28, 2015
08:46 EDTTASROn The Fly: Pre-market Movers
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07:40 EDTTASRTASER's Axon Body Cameras selected by British Transport Police
TASER International was selected by the British Transport Police for a body-worn video proof of concept. As part of the evaluation, the British Transport Police will deploy 250 Axon body cameras and 400 EVIDENCE.com Pro licenses as the backend data management system.
April 27, 2015
19:42 EDTTASRLakewood shorts TASER, claims shares have 50% downside, ValueWalk says
Lakewood Capital has initiated a short position in TASER, reports ValueWalk, citing the investment firm's Q1 letter to investors. Lakewood believes a "fair portion" of TASER's 98,000 weapon sales in 2014 reflect replacement demand, while normalized demand is "well below" 100,000 units. The firm also believes that TASER's current 35% operating margin "may be at peak levels." Additionally, TASER's international opportunities have been "slow to materialize" due to many countries not wishing to arm police units in a similar fashion to the U.S., according to Lakewood's research. Regarding the company's body camera business, Lakewood believes TASER has "multiple well-funded competitors," adding that TASER sells the cameras "at breakeven to negative gross margins" because it does not manufacture them in-house. Lakewood concludes by saying it believes TASER's shares have "nearly 50% downside from current levels." Reference Link
14:29 EDTTASRTASER named new short by Lakewood Capital, Bloomberg reports
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April 23, 2015
13:42 EDTTASRMaryland gov to sign police body camera bill, Washington Post says
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April 21, 2015
10:33 EDTTASRTASER volatility flat as shares trade near ten-year high into Q1
TASER May call option implied volatility is at 53, June is at 46, September is at 43; compared to its 26-week average of 53 according to Track Data, suggesting non-directional price movement into the expected release of Q1 results on April 30.
10:19 EDTTASRFly Watch: TASER documentary showing at Tribeca film festival
The shares of TASER (TASR) are falling in early trading ahead of additional showings of a documentary film, “Tom Swift and His Electric Rifle,” that focuses on the company's weapons and deaths linked to police use and abuse of the devices. WHAT'S NEW: Being shown as part of New York's Tribeca film festival, "Tom Swift and His Electric Rifle" highlights the number of people who have died after being shot with TASER's electric weapons, called tasers, in the U.S. "Between 2001 and 2012, there were 500 taser related deaths reported in the U.S.," according to a description of the movie on the film festival's website. "As the death toll continues to mount in taser-related deaths, we are reminded that it is not simply the lethal force of a weapon that needs to be regulated, but the behavior and bias behind it as well," the description states. The film, which was screened this past Friday and Saturday, will be shown again April 21 and on April 26, the festival site noted. REVIEW: The film makes TASER's founders, Rick and Tom Smith, look more sinister as they try to avoid taking responsibility for the harm inflicted by tasers, the website tellnig stated. Rick Smith is currently the CEO of the company. The film "makes a salient point" by juxtaposing the Smith brothers' "apathetic depositions" and the story of a man who died after begin stunned by tasers for 31 seconds in 2008, the website stated. The Smith brothers contend that the company's weapons are "perfectly safe," and Rick Smith disputed the idea that the weapon was a likely cause of cardiac arrest, tellnig reported. PRICE ACTION: In early trading, TASER shares slid 3.5% to $29.30.
08:44 EDTTASRTASER documentary to be shown during Tribeca festival
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April 20, 2015
09:06 EDTTASRTASER well positioned to double base with London win, says Craig-Hallum
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07:34 EDTTASRTASER announces multiple orders for weapons during Q1
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April 17, 2015
09:29 EDTTASRMet police force to buy up to 30,000 body cameras, The Register says
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09:24 EDTTASRTASER up sharply after S.C. Senate subcommittee passes police body camera bill
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April 16, 2015
10:56 EDTTASRS.C. Senate subcommittee passes police body camera bill, Herald reports
A South Carolina Senate subcommittee has passed a bill that would require body cameras for all the states' police officers, reported The Herald, which noted that the bill now heads to the full judiciary committee for another hearing. TASER (TASR) and Digital Ally (DGLY) are makers of police body cameras and related systems. Reference Link
April 14, 2015
07:33 EDTTASRTASER awarded order for 300 AXON Flex Body cameras from Alabama Police
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