NEW YORK (TheStreet) -- Shares of Taser International (TASR) are up 1.23% to $15.59 in midday trading Tuesday after research firm Craig-Hallum said the developer of electronic weapons and wearable cameras for police officers is poised to receive a "massive" contract from the London Metropolitan Police Service.
The London Metropolitan Police Service, which is one of the world's largest police agencies, expanded its ongoing pilot program that uses the company's wearable cameras. Evidence.com, a Taser business unit, is supplying an additional 500 cameras for the program.
The order doubles the total number of cameras in the program to 1,000.
Separately, TheStreet Ratings team rates TASER INTERNATIONAL INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate TASER INTERNATIONAL INC (TASR) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
Highlights from the analysis by TheStreet Ratings Team goes as follows: