Why does the Axon Enterprise shares drop today

Axon Enterprise (Axon -14.81%))) Shares loses ground on Wednesday trade. The company’s share price for police technologies was 8.2%at 1:15 p.m.

Axon’s evaluation today runs after a analyst of the stock. In a note opened in front of today’s market, Northcoast Research lowered the rating for the buy from buying to neutral.

Axon Stock briefs, while the analyst Herd Fallout -Wind emphasizes

The NorthCoast -Analyst Keith Housum today lowered the company’s rating for Axon shares, whereby the competitive pressure was conducting the uncertainty for the prospects of the company. Housum in particular said that the consequences of Axon, which ended his partnership with Hero security, caused problems.

With the dissolution of the partnership, Axon now has to deal with Flock as a competitor – and NorthCoast’s analyst believes that this has a limited upward potential at short notice. The two companies closed a partnership in 2020, but Axon recently withdrawn from cooperation – and the managers of the two companies have exchanged critical comments.

What’s next for Axon?

Axon is said to publish its results in the fourth quarter and a conference conference is the focus of the target area than 30% compared to the previous year.

Axon continues to have a strong long -term outlook, but the short -term picture could be a bit bumpy because the company navigates changes that result from the dissolution of its relationship to the herd. The prospects of sales for this year could be weaker than previously expected, which could arouse the price pressure for the company’s shares.

On the other hand, additional evaluation failures could actually create worthwhile purchase options. The company has set up a leading position in its industry, and strong foundations should help use the strong growth for the space of police work technologies.