$Axon Enterprise(AXON.US) rose six percentage points, with two pieces of news coming together—it was disclosed that $Axon Enterprise(AXON.US) stock, and Immigration and Customs Enforcement (ICE) released a procurement intent for about $220 million worth of Taser guns.
The market interpreted this as an opportunity for federal orders, but the procurement intent has not yet turned into a formal contract; the $220 million is more of an imagined ceiling. The order visibility for law enforcement equipment is already high; the real step to wait for is when the intent materializes into a contract.
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