Axon Enterprise, Inc. is a global public safety technology company with a market cap of $43.1 billion. Its products include hardware and cloud-based software solutions for law enforcement, first responders, and commercial customers, such as body cameras and conduct energy devices.

AXON stock has dropped 38.3% from its 52-week high, performing poorly compared to the Industrial Select Sector SPDR Fund. Over the past three months, shares have fallen 25.3%, and in the longer term, they are down over 8% on a YTD basis.

Despite reporting better-than-expected Q3 revenue of $710.64 million, AXON shares tumbled 9.4% the next day due to lower-than-forecasted adjusted EPS and margin pressures. The stock has underperformed compared to its rival AerCap Holdings N.V., with analysts remaining optimistic about its prospects.

Despite AXON’s weak performance, analysts remain optimistic, giving the stock a consensus rating of “Strong Buy” and a mean price target of $815.29. Shares have underperformed compared to the sector but are expected to improve in the future.

Read more at Yahoo Finance: Is AXON Underperforming the Industrial Sector?