Axon Enterprise

AXON

Market cap $42.6B

Axon adapted its business model to become a winner. The company continues to evolve, painting an optimistic picture of the future.

The software sector has been a meaningful laggard this year, and Baird analysts say plenty of stocks are now on sale.

Axon's surging Software & Services revenues and stronger 2025 outlook spotlight rising demand for digital evidence tools and premium features.

Axon (AXON) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

The Virtus Silvant Mid-Cap Growth Fund returned +5.43% (Class INST) for the quarter, compared to the Russell Midcap Growth Index's return of +2.78%. Palantir Technologies (PLTR) and Roblox (RBLX) were among the top stock contributors. Fair Isaac Corp. (FICO) and Verisk Analytics (VRSK) were among the largest stock detractors.

Positioning within the Magnificent 7 was the primary driver of poor security selection and relative underperformance. The Fund's holdings in businesses viewed as key enablers of AI were strong contributors to absolute returns. Consumer internet names benefited from idiosyncratic growth drivers in ecommerce, advertising, and gaming.

The broader market has surged to record highs in 2025, with the S&P 500 up about 14% year-to-date.

The Alger Mid Cap 40 ETF outperformed the Russell Midcap Growth Index during the third quarter of 2025. AppLovin Corp. (APP), Talen Energy Corp (TLN), and Robinhood Markets, Inc. (HOOD), were among the top contributors to performance. Wingstop, Inc. (WING), Axon Enterprise Inc (AXON), and Twilio, Inc. (TWLO), were among the top detractors from performance.

In this podcast, Motley Fool analysts Emily Flippen and Tim Beyers and contributor Jason Hall:

Now that the AI stock bubble is bursting, it was only a matter of time for the pain to spread. You can see it in the S&P 500.