Find Out Why Taser Is 'Only At The Top Of The First Inning'

In a report published Friday, Oppenheimer analyst Andrew Uerkwitz detailed a recent meeting with

's senior management team, including the company's CEO and Co-founder Rick Smith. "While we didn't learn anything new, we walked away with more confidence in the fundamental opportunities and Taser's strategy to capitalize," Uerkwitz wrote. "Management reiterated that 2015 would be an investment year as it believes gaining market share will best position the company for the longer term as law enforcement agencies gradually shift from disconnected (often unconnected) evidence platforms toward an all-encompassing network." See Also:

Uerkwitz said that Taser can transform itself from a single weapons based firm to a technology leader for law enforcement and the broader security market. In other words, the company is batting in the "top of the first inning," or merely at the cusp of mass technological change, starting with video storage and moving horizontally into hard evidence management/tracking, and then moving vertically into document collection, interagency sharing, litigation support and editing. Finally, Uerkwitz noted that Smith would be relocating to Europe for a year to help with the sales effort. As such, 2015 and 2016 could prove to be an "inflection point" for international sales to grow. Shares remain Outperform rated with an unchanged $28 price target.