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Fly News Breaks for August 9, 2019
AAXN
Aug 9, 2019 | 08:13 EDT
As previously reported, Needham analyst Scott Berg downgraded Axon to Hold after its Q2 earnings miss. The analyst says the performance has elevated the company's operational risk and would require a "massive" Q4 revenue ramp to achieve FY19 guidance. Berg sees a "real scenario" where Axon reports at the "low end" of its current outlook, even though his analysis of demand is "positive".
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