NEW YORK (TheStreet) -- Shares of TASER International Inc. are higher by 4.13% to $29.57 in late morning trading on Monday, after the company announced it has received numerous orders for its next generation smart weapons from the Ontario provincial police department. The company, which designs, develops, manufactures, and sells electrical weapons designed for use by law enforcement, the military, corrections, private defense, and private security, didn't give a total value for the order. Ontario police placed the order for the 1,000 TASER X2 smart weapons during the 2015 first quarter, and the company expects to ship them out within the first half of the year. Earlier this month TASER announced it received its first 'significant' U.K. order when the City of London Police Department purchased 178 AXON body worn video cameras and a one-year subscription to EVIDENCE.com. The company didn't provide a total value for that order as well. Separately, TheStreet Ratings team rates TASER INTERNATIONAL INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation: "We rate TASER INTERNATIONAL INC (TASR) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income." Highlights from the analysis by TheStreet Ratings Team goes as follows: The revenue growth came in higher than the industry average of 0.4%. Since the same quarter one year prior, revenues rose by 17.0%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share. TASR's debt-to-equity ratio is very low at 0.00 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Along with this, the company maintains a quick ratio of 3.50, which clearly demonstrates the ability to cover short-term cash needs. Net operating cash flow has increased to $12.79 million or 36.98% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of 20.97%. Compared to its closing price of one year ago, TASR's share price has jumped by 56.43%, exceeding the performance of the broader market during that same time frame. We feel that the stock's sharp appreciation over the last year has driven it to a price level which is now somewhat expensive compared to the rest of its industry. The other strengths this company shows, however, justify the higher price levels. TASER INTERNATIONAL INC's earnings per share declined by 10.0% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, TASER INTERNATIONAL INC increased its bottom line by earning $0.36 versus $0.34 in the prior year. This year, the market expects an improvement in earnings ($0.38 versus $0.36). You can view the full analysis from the report here: TASR Ratings Report Must Read: Warren Buffett's Top 25 Stocks for 2015
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