NEW YORK (TheStreet) -- Shares of TASER International Inc (TASR) were slumping, down 1.97% to $32.32 in midday trading Monday, after Panasonic Corporation of North America entered the police body camera space.
Panasonic launched the Arbitrator BWC, its next-generation law enforcement body camera along with an evidence management system for storing and accessing recorded content.
"As one of the first companies to offer a body-worn camera for law enforcement in 2012, we were able to gather feedback from our customers and go back to the design board to create something completely new that would meet their needs better than any other solution available, " VP of Panasonic System Communications Company of North America Greg Peratt said in a statement.
The Arbitrator BWC has a 130-degree view, automatic recording, smartphone integration, and a built in GPS and WiFi.
The body camera has been engineered for law enforcement use, and is resistant to shock, vibration, extreme temperatures, and other harsh conditions.
Additionally, the Arbitrator BWC weighs 4.6 ounces.
Similarly, shares of Digital Ally (DGLY), which also markets body-worn cameras for police, were down 5.56% to $14.60 today.
Scottsdale, Ariz.-based TASER is engaged in development, manufacture and sale of electronic control devices designed for use in the law enforcement, military, corrections, private security and personal defense markets.
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, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel its 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."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
- The revenue growth came in higher than the industry average of 3.4%. Since the same quarter one year prior, revenues rose by 23.7%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
- TASR's debt-to-equity ratio is very low at 0.00 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Along with this, the company maintains a quick ratio of 3.69, which clearly demonstrates the ability to cover short-term cash needs.
- TASER INTERNATIONAL INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, TASER INTERNATIONAL INC increased its bottom line by earning $0.36 versus $0.34 in the prior year. This year, the market expects an improvement in earnings ($0.53 versus $0.36).
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Aerospace & Defense industry. The net income increased by 112.5% when compared to the same quarter one year prior, rising from $3.39 million to $7.21 million.
- The gross profit margin for TASER INTERNATIONAL INC is rather high; currently it is at 68.10%. It has increased from the same quarter the previous year. Along with this, the net profit margin of 16.09% is above that of the industry average.
- You can view the full analysis from the report here: TASR Ratings Report