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
TASER International, Inc.TASR
'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:
Taser Revisits Late-February Highs
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.

Posted In: Andrew Uerkwitzlaw enforcementOppenheimerpoliceRick SmithTASERAnalyst ColorAnalyst Ratings

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.