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Stock Market & Financial Investment News

News Breaks
May 12, 2014
07:43 EDTTASRTASER announces $30M stock buy-back program
TASER International announced that the board approved a stock buy-back program authorizing the company to purchase up to $30M of the company's common stock subject to SEC regulations, stock market conditions and corporate considerations.
News For TASR From The Last 14 Days
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January 21, 2015
09:59 EDTTASRChicago to roll out TASER cameras in police trial, WTTW reports
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07:33 EDTTASRTASER announces multiple orders of smart weapons from Cincinnati Police Dept
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January 20, 2015
07:35 EDTTASRTASER announces cameras orders from three agencies
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January 14, 2015
14:41 EDTTASRTaser rises after report says London to make large camera purchase
Shares of Taser (TASR) are up in a down market after the BBC reported that thousands of London police officers will be equipped with Taser's wearable cameras. In a note to investors, research firm Dougherty wrote that the deal would generate, at a minimum, just under $8M in annual revenue for Taser. WHAT'S NEW: About 16,000 London police officers will utilize Taser's wearable cameras by spring 2016, the BBC reported today. The city decided to buy the cameras after carrying out a successful trial of the products, the BBC noted. ANALYST REACTION: In a note to investors today, research firm Dougherty wrote that London would reportedly spend $13.7M on the cameras. However, that amount likely covers only the initial required investments, the firm stated. Including all the charges, the deal will generate, at a minimum, just under $8M in revenue for Taser annually, Dougherty estimated. Additionally, Los Angeles recently signed a deal with Taser that includes an option for the city to upgrade its Taser weapons at no additional charge every two and a half years, at a monthly cost of $99 per officer, Dougherty stated. Noting that the London police have a significant number of Taser weapons that will soon no longer be useable because of their advanced age, the firm said that Taser could generate much more revenue from London if the city opts for the plan that LA bought. The firm kept a Buy rating on Taser. PRICE ACTION: In mid-afternoon trading, Taser climbed 34c, or 1.3% to $26.06.
14:05 EDTTASRLondon police to get body cameras following succesful trial, BBC reports
About 16K Metropolitan Police officers will be issued body cameras next year after a trial of the devices was a success, reported BBC. Reference Link
08:13 EDTTASRTASER announces multiple orders of AXON body-worn video cameras
TASER International announced multiple large orders of it's AXON body-worn video cameras and solution, a back-end digital evidence management system. These orders were received in 4Q14 and shipped in 4Q14 or will ship the 1Q15.

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