Stock Story -
What Happened:Shares of aerospace and defense company AXON (NASDAQGS:AXON) jumped 24.6% in the morning session after the company reported a "beat and raise" quarter. Axon blew past analysts' revenue and EPS expectations this quarter. Moving on, it raised its full-year revenue and EBITDA guidance, which exceeded Wall Street's estimates. Zooming out, we think this was a great quarter that shareholders will appreciate.
Is now the time to buy Axon? Find out by reading the original article on StockStory, it's free.
What is the market telling us:Axon's shares are quite volatile and over the last year have had 5 moves greater than 5%. But moves this big are very rare even for Axon and that is indicating to us that this news had a significant impact on the market's perception of the business.
Axon is up 39.4% since the beginning of the year, and at $350.43 per share, has set a new 52-week high. Investors who bought $1,000 worth of Axon's shares 5 years ago would now be looking at an investment worth $5,350.
![Why Is Axon (AXON) Stock Soaring Today](https://d68-invdn-com.investing.com/content/pic16753910b389a3d395515d9d354ce0fd.jpeg)