14 Stocks That Jim Cramer Recently Talked About

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10. Axon Enterprise, Inc. (NASDAQ:AXON)

Number of Hedge Fund Holders In Q3 2024: 46

Axon Enterprise, Inc. (NASDAQ:AXON) is one of the more interesting companies that you’re likely to come across. The firm is known for selling TASER guns, and yet, it is one of few weapons manufacturers that also runs a software-as-a-service (SaaS) business. The diversification allows Axon Enterprise, Inc. (NASDAQ:AXON) to simultaneously benefit from price-dominated and margin-heavy businesses. Hardware sales accounted for 59% of the firm’s revenue during H1 2024, which indicated a diversified revenue base. Axon Enterprise, Inc. (NASDAQ:AXON)’s stock boomed by a whopping 29% in November when the firm’s third-quarter financial results saw its revenue jump by 32% and recurring revenue grow by 36% annually. Axon Enterprise, Inc. (NASDAQ:AXON) also raised its full-year guidance for a solid set of results. Cramer appreciated the firm’s software diversification as he was nothing but full of praise for the firm:

“Axon is amazing. We never talk about it because they came from the TASER to being a great records company. They turned out to be one of the great software as a service companies of our time.”

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