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Stock Market & Financial Investment News

News Breaks
August 18, 2014
12:01 EDTTASRTASER rally continues with Ferguson still in focus
Shares of TASER (TASR) are continuing their recent advance today, amid speculation that the events in Ferguson, Missouri could increase demand for the company's cameras. But research firm CRT Capital warned that TASER's stock is likely to retreat to its previous levels. WHAT'S NEW: After an unarmed teenager was killed in the town of Ferguson, Missouri last week, activists called on police to begin wearing cameras, Bloomberg reported Friday night. TASER sells cameras that can be worn by police officers. Meanwhile, The Wall Street Journal reported this morning that more police departments have begun to deploy such cameras, as studies have shown that they could reduce the use of force by police officers and cut the number of complaints made by citizens. ANALYST REACTION: But research firm CRT Capital wrote that the events in Ferguson are unlikely to boost TASER's financial results. Although TASER is the only company that markets video systems for police departments, it has historically hyped similar opportunities and then under delivered, according to the firm. After the focus on Ferguson recedes, the stock is likely to return to the levels at which it was trading last week, the firm stated. It kept a $12 price target and Fair Value rating on the shares. PRICE ACTION: In late morning trading, TASER jumped 9% to $15. On August 12, the stock closed at $12.02.
News For TASR From The Last 14 Days
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May 26, 2015
07:11 EDTTASRCraig to hold a conference
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May 22, 2015
09:05 EDTTASRFresno council approves $2.5M for police body cameras, ABC30 reports
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May 18, 2015
10:46 EDTTASRTASER slips after details revealed about competing police camera
Shares of electric weapon and police body camera maker TASER (TASR) are slipping in early trading after a competitor released details at the end of next week about its own new entrant into the police body camera space. WHAT'S NEW: At the end of last week, Panasonic (PCRFY) announced its next-generation Arbitrator body-worn camera and enhanced Unified Evidence Management System for law enforcement organizations. “As one of the first companies to offer a body-worn camera for law enforcement in 2012, we were able to gather feedback from our customers and go back to the design board to create something completely new that would meet their needs better than any other solution available,” said Greg Peratt of Panasonic. PRICE ACTION: In early trading, TASER shares are down 3% to $31.94, while Digital Ally (DGLY), which also markets body-worn cameras for police, is down nearly 5%.
10:43 EDTTASRPanasonic releases body cam, says Craig-Hallum
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09:52 EDTTASRTASER falls, levels to watch
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May 13, 2015
12:18 EDTTASRRepublicans propose $15M for police body cameras, The Hill says
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07:34 EDTTASRTASER announces orders for 460 TASER X2 smart weapons for Scottsdale PD
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06:30 EDTTASRTASER price target raised to $31 from $28 at JPMorgan
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