Axon Enterprise (AXON) Continued Its Robust Performance in Q2

Carillon Tower Advisers, an investment management company, released its “Carillon Eagle Mid Cap Growth Fund” second-quarter 2025 investor letter. A copy of the letter can be downloaded here. Mid-cap stocks rebounded in the second quarter, delivering a strong recovery. The Russell Midcap Growth Index (up 18.20%) outperformed the Russell Midcap® Value Index (up 5.34%) in the quarter. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2025.

In its second-quarter 2025 investor letter, Carillon Eagle Mid Cap Growth Fund highlighted stocks such as Axon Enterprise, Inc. (NASDAQ:AXON). Axon Enterprise, Inc. (NASDAQ:AXON) manufactures conducted energy devices (CEDs) under the TASER brand. The one-month return of Axon Enterprise, Inc. (NASDAQ:AXON) was 0.32%, and its shares gained 104.75% of their value over the last 52 weeks. On August 29, 2025, Axon Enterprise, Inc. (NASDAQ:AXON) stock closed at $747.29 per share, with a market capitalization of $58.666 billion.

Carillon Eagle Mid Cap Growth Fund stated the following regarding Axon Enterprise, Inc. (NASDAQ:AXON) in its second quarter 2025 investor letter:

“Axon Enterprise, Inc. (NASDAQ:AXON) is a market-leading provider of next-generation law enforcement and security technology solutions. The company continues to post strong quarterly results, as it has achieved ongoing success with innovative new products that have garnered significant attention among both customers and investors. Axon remains intensely focused on the development of innovative solutions to address all aspects of law enforcement and has made significant strides in the emerging areas of drones and AI-enabled solutions. In addition, the company continues to expand its offerings outside of its traditional law enforcement area, and it has recently highlighted the potential opportunities that could lie ahead in these new markets.”

Axon Enterprise, Inc. (NASDAQ:AXON) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 62 hedge fund portfolios held Axon Enterprise, Inc. (NASDAQ:AXON) at the end of the second quarter, which was 61 in the previous quarter. In the second quarter, Axon Enterprise, Inc. (NASDAQ:AXON) generated $669 million in revenue, representing a 33% increase year-over-year and marking its 14th consecutive quarter of revenue growth exceeding 25%. While we acknowledge the potential of Axon Enterprise, Inc. (NASDAQ:AXON) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.