NEW YORK (TheStreet) -- Taser International (TASR) shares are up 2.9% to $19.48 on Tuesday after the law enforcement device company reported new orders from different police departments around the country.
The company said that it has received orders from the Arizona Department of Public Safety for 168 Taser X2 Smart Weapons, while the Langley Air Force Base in Virginia purchased 259 X26s Smart Weapons with 20 Taser cam recorders.
Altogether the company reported product orders from 49 different agencies around the country during the current quarter. The company said it expects to ship all of the orders by the end of the year.
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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 some important positives, 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, good cash flow from operations and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value."