TASER International Gets Order For 769 X2 Smart Weapons

TASER International Inc. (NASDAQ:TASR) announced that it received an order for 769 TASER X2 Smart Weapons from Massachusetts State Police and California Highway Patrol. The order by Massachusetts State Police comprises 400 X2 Smart Weapons, whereas California Highway Patrol has ordered for 369 X2 Smart Weapons.

The company is expected to make deliveries of both the orders in the fourth quarter of 2016.

Benefits of the X2 Smart Weapon

X2, a dependable and advanced gadget for law enforcement, incorporates an upgrade over the older version of the popular TASER weapon, in addition to much-requested features like backup shot, dual lasers, smart cartridge and a warning arc, to ensure accuracy and effectiveness.

The X2 provides state police agencies with the best technology and training to lower the chances of a deadly encounter.

Why Smart Weapons?

Notably, the new smart weapon is built on an all-digital platform. It can regulate charge output, perform health checks, update firmware over the Internet, and offers analytics on how and when someone uses a device.

A Similar Order

On Oct 4, TASER received an order for 900 X2 Smart Weapons from Kentucky State Police. The order covers the upgrade of the department’s old TASER weapons to the new X2.

Price Movement

TASER International has outperformed the Zacks categorized Protection-Safety Equipment and Service industry. The company’s current rate of return is 55.2%, compared to the industry’s average of 19.8% over the last 12 months.

The company’s high-quality smart weapons are witnessing robust demand as law enforcement agencies across the U.S. are increasingly opting for such devices to strengthen their existing infrastructure. The company has also gained a handful of international customers, thanks to the quality and ease of use of its products, which in turn is driving its performance.

Zacks Rank & Key Picks

TASER International currently carries a Zacks Rank #2 (Buy). A few other favorably placed stocks in the same industry include Alarm.Com Holdings, Inc. (NASDAQ:ALRM) , MSA Safety Incorporated (NYSE:MSA) and Net 1 Ueps Technologies Inc. (NASDAQ:UEPS) . All of these stocks carry a Zacks Rank #2.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Alarm.Comdelivered an average positive earnings surprise of 165.56% in the trailing four quarters.

MSA Safety delivered an average positive earnings surprise of 12.41% in the trailing four quarters.

Net 1 Ueps’ delivered an average positive earnings surprise of 7.53%. It reported a positive earnings surprise in two of the four preceding quarters.

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