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Fly News Breaks for November 24, 2015
TASR
Nov 24, 2015 | 10:38 EDT
Craig-Hallum analyst Steven Dyer reiterates a Buy rating on TASER with a $28 price target after the company confirmed it has been selected to provide AXON 2 Body Cams to all 22,000 London Met Police frontline officers. All eyes will now turn toward the recurring business, which is still under negotiation, Dyer tells investors in an intraday research note. He believes the most likely outcome is on-premise or private cloud storage with TASER's evidence.com digital video management software used to manage the digital evidence. While such an outcome could bring lower recurring revenue, it would result in better margins, the analyst contends.
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