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Scottsdale, Arizona-based Axon Enterprise, Inc. (AXON) provides public safety technology solutions in the United States and internationally. Valued at a market cap of $49.3 billion, the company operates in two segments: Software and Services and Connected Devices, and develops, manufactures, and sells cloud-based software-as-a-service solutions to capture, store, manage, share, and analyze video and other digital evidence.
AXON stock has lagged behind the broader market over the past year, declining 21% compared to the S&P 500 Index’s ($SPX) 18.7% surge. Moreover, in 2026, the stock has grown nearly 7%, underperforming the SPX’s 12.1% rise.
