After surging by 28.68% last Friday, November 8, 2024, Axon Enterprise (AXON) may continue rising on Tuesday morning trade.
In the third quarter, Axon posted a 31.6% Y/Y increase in revenue to $544.27 million. The firm expects full-year 2024 revenue to grow by more than 32% to $2.07 billion. The firm has several use cases for AI. For example, it may use AI to write reports and apply facial recognition software. This will increase the efficiency of police services.
Fortinet (FTNT) broke out last week to close at a 52-week high. In Q3, the security firm posted a non-GAAP EPS of $0.63. FTNT stock could trade at $100 after reporting a good quarter.
Akamai Technologies (AKAM) re-tested its sub-$90 support level last Friday. The cybersecurity and cloud computing firm cut its top- and bottom-line guidance. In Q3, it earned $1.59 a share, meeting expectations. However, the full-year guidance is slightly lower than what was previously expected.
Airbnb (ABNB) is at risk of breaking down from an uptrend that started in August. The firm posted revenue of $3.73 billion, up by 9.7% Y/Y. For Q4, revenue growth is expected to be between 8% and 10%. ABNB is a buy at around $120, trades in a range at $145, and is a stock to sell at $165. ABNB stock closed at $134.21.