NEW YORK (TheStreet) -- Shares of TASER International (TASR) rose 4.2% to $23.82 in morning trading Thursday after the company announced "multiple large orders" of its AXON body-worn video cameras and EVIDENCE.com solution, a back-end digital evidence management system.
TASER said it received the orders in the fourth quarter of 2014 and expects to ship the orders in the same quarter.
"We continue to see strong interest in our AXON body cameras and believe President Obama's proposal for new funding for body cameras this week is a step in the right direction to helping improve relations between police officers and communities," said TASER CEO and founder Rick Smith.
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"There are approximately 750,000 active sworn officers in the U.S. and we believe every one of them should be issued a body camera along with their badge and weapon," he added.
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 multiple 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, 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."