Jim Cramer on Axon: “Motorola is a Powerful Competitor”

Axon Enterprise, Inc. (NASDAQ:AXON) is one of the stocks Jim Cramer answered questions about. A caller mentioned that they have been buying AXON shares as the stock goes down and asked if they should continue doing that. Cramer replied:

“Okay, so Rick Smith was on, he comported himself as usual excellently. But remember, Motorola is in this business now, and Motorola is a powerful competitor, and they could be a trouble down the line. They weren’t, according to Rick now, but I think when you have a big dog that comes in and wants that business, they can afford to give some of the business away. That’s what’s changed the complexion of the stock, and that’s what makes me less convinced.”

A laptop and a computer monitor display a detailed stock market technical analysis chart. Photo by Jakub Zerdzicki on Pexels

Axon Enterprise, Inc. (NASDAQ:AXON) develops and sells TASER devices, body and fleet cameras, and software solutions that help law enforcement capture, store, and manage digital evidence. On October 31, Cramer showed a bullish sentiment toward the company, as he remarked:

“After the close, we have two huge winners so far this year, well, one for many, many years, well, actually both of them really, AMD and Axon. Now, we’ve had their CEOs on repeatedly. These are the kinds of long-term outperformers that you simply have to consider owning… Axon’s upending the entire law enforcement paradigm with its tasers, its body cameras, its drones, and its automatic artificial intelligence… police reports. You know what, I actually own them both. Not for the screamers, though.”

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Disclosure: None. This article is originally published at Insider Monkey.