NEW YORK (TheStreet) -- Shares of TASER International (TASR) are rising, up 1.58% to $32.10 in early market trading Tuesday, after the company announced that it received an order for its body-worn video cameras.
The company said the the Fresno Police Department ordered 300 Axon Flex body-worn video cameras and signed up for a five-year subscription to Evidence.com.
This order was received and shipped in the second quarter of 2015.
The cameras retail for $599 a piece, so at full price, the deal would rake in about $180,000 in sales for Taser.
"We are continually seeking new ways to maximum the safety of our officers and the community we serve. Our body-worn cameras have allowed us to do that while enhancing the level of trust of our citizens through the collection of video evidence," Fresno police chief Jerry Dyer said in a statement.
"TASER's Officer Safety Plan furnishes officers with unique resources and support that helps make their jobs easier and the lives of those they serve safer," said TASER founder and CEO Rick Smith in a press release.
Scottsdale, AZ-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 several positive factors, 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."