Market Overview

Taser Shares Spike Following Microsoft Partnership

Taser Shares Spike Following Microsoft Partnership
Related TASR
A Favorable Ruling For Digital Ally In Patent Suit Would Be A 'Game Changer'
Taser's Axon Flex 2 Camera Should Start Shipping By Year-End
Deja Vu All Over Again: 2016 OC3 Reminiscent Of 1984 Apple Macintosh Release (Seeking Alpha)
Related MSFT
Microsoft Shares Rally Amid Earnings; What Do The Analysts Think?
Technical Alert: Microsoft Blasts To New All-Time-High After Q3 Beat
Week In Review: Netflix And Pizza, Microsoft's Cloud Lofty As eBay, Intel Guide Low (Investor's Business Daily)

Shares of Taser International, Inc. (NASDAQ: TASR) were up more than 6 percent on Monday morning following an announcement of a new partnership with Microsoft Corporation (NASDAQ: MSFT).

According to a press release, "At the International Association of Chiefs of Police annual conference in Chicago... [This] partnership agreement will bring together the global scale, technology breadth, and security commitment of both companies through the combined capabilities of the Microsoft Azure's cloud platform, and Windows 10 devices with TASER's Axon Platform and solution."

The partnership "will provide a security-enhanced digital evidence management experience for law enforcement in an efficient and low-cost environment." The companies "will create an integrated approach to capturing and managing evidence including ingesting, retrieving, sharing, analyzing and archiving video, sensor and other data to support law enforcement and criminal justice officials as they work toward creating safer communities."

Taser shares recently traded at $23.79, up 6.3 percent.

The stock plummeted last week following an announcement from Motorola Solution Inc (NYSE: MSI) that the latter had entered the police body-cam space.

At the time, Oppenheimer's Andrew Uerkwitz told Benzinga he believes the market thinks Motorola will be used by the Chicago Police Department instead of Taser, which he said was the reason for Taser's sell-off.

Motorola Solutions shares were down about 0.7 percent at $70 on Monday morning.

Posted-In: body camsLong Ideas News Intraday Update Movers Tech Trading Ideas Best of Benzinga


Related Articles (MSFT + MSI)

View Comments and Join the Discussion!