"Elimination of the COO position flattened the organization and gives the executive team more visibility into both international and North American sales," spokesperson Steve Tuttle told Phoenix Business Journal.
Current COO Jeffrey Kukowski will leave Taser on Jan. 5, 2015. Kukowski has served at COO for Taser since July 2013.
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The announcement comes after a series of downgrades, including a downgrade to "neutral" from buy" from Ladenburg Thalmann on Monday, which also removed its price target for the company.
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."