Filed under: Investing
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of TASER International, jumped 14% today after announcing new orders.
So what: Thirteen customers ordered new TASER weapons and 29 agencies are deploying TASER SMART weapons or upgrades. Most of the orders took place in the fourth quarter of last year and a dollar amount wasn't announced.
Now what: What's important is that TASER International is seeing solid order flow for new products from law enforcement. Investors are hoping to see significant growth this year, and with a forward P/E ratio of 54, the expectations are high. I'd like to see more value in shares or bottom-line growth before jumping in, but this order is a step in that direction, so fourth-quarter numbers will be key for the stock.
A stock just for you
TASER International has high hopes for 2014 and so does one of our top stock picks. The Motley Fool's chief investment officer has selected his No. 1 stock for 2014, and it's one of those stocks that could make you rich. You can find out which stock it is in the special free report: "The Motley Fool's Top Stock for 2014." Just click here to access the report and find out the name of this under-the-radar company.
The article Why TASER International, Inc.'s Shares Jumped originally appeared on Fool.com.
Copyright © 1995 - 2014 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.
Read | Permalink | Email this | Linking Blogs | Comments