Taser Rises Over 6% After Large Orders From Texas, Georgia And Other States Announced

TASER International, Inc. TASR on Thursday announced that the company had secured over a thousand orders of its Axon body-worn video cameras and Evidence.com solution, a back-end digital evidence management system.

TASER's stock hit an all-time high close of $35.03 on June 11 and has declined by 50 percent since then. The stock was up 6.3 percent at $17.59 in Thursday mid-day trading.

The TASER orders were received by numerous domestic agencies in the fourth quarter and are expected to ship in the fourth quarter of 2015 and first quarter of 2016. The company has been focused on global expansion following an order of 22,000 body cameras from the London Metropolitan Police, its largest order ever.

Over thousands of law enforcement agencies are now using TASER's Axon platform. The Axon platform is aimed to connect people and technology together to create safer communities. With the Axon platform, the agencies are able to integrate hardware and software in a seamless manner to better enable more powerful capabilities.

The company is still a leader in the marketplace, however new rivals such as GoPro Inc GPRO, Digital Ally, Inc. DGLY and Motorola Solutions Inc MSI have been aggressive within the space.

TASER's monthly performance stands at -13.57 percent.