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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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July 30, 2015
07:47 EDTTASRTASER reports Q2 EPS 11c, consensus 9c
Reports Q2 revenue $46.71M, consensus $45.97M. Reports Q2 Weapons segment revenue up 15.8% to $37.8M. Reports Q2 Axon segment revenue $8.9M.
July 28, 2015
12:05 EDTTASRNew Jersey announces $4M statewide police body camera initiative
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July 22, 2015
07:38 EDTTASRTASER receives large body camera orders from various security forces in Q2
TASER received large orders of its Axon body-worn video cameras and Evidence.com solution, a back-end digital evidence management system, in Q2. Large orders received from domestic agencies include: 220 Axon Flex cameras from the Portsmouth; VA Police Department; 160 Axon Flex and Body cameras with five years of Evidence.com and TASER Assurance Plan, from Montgomery County, MD, Police Department; and 105 Axon Flex cameras with five years of Evidence.com on the Officer Safety Plan, from the Kauai Police Department, HI.
July 20, 2015
06:31 EDTTASRTASER acquires British distributor TSR
TASER announced its wholly owned subsidiary, TASER International BV, has acquired Tactical Safety Responses Limited, or TSR, -- its licensed distributor of Smart Weapons and body cameras in the UK. This investment helps expand TASER's ability to bring key public safety technologies to its partners across the UK by growing its in country sales and support team. TSR will provide unaltered service during the transition, maintaining existing staff and services, in order to ensure that TASER's current clientele enjoy both continuity and improved quality in its service.

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