Axis fumbles the ball againLooking back at my notes, this is the only thing that might come close to causing those rumblings wolfgang was refering to earlier, but frankly I'm not really concerned and didn't consider it earlier.
Even though a lot of people speak of Axis as the market leader, they always seem to miss their own internal growth targets, which really isn't anything new or worrysome since they've been struggling with that as far back as I've been following Avigilon and this market, so if anyone is trying to judge the state of the market by looking at this latest report from Axis, they're more likely to let themselves be taken for a ride than anything else.
The problem with Axis, which is the same problem most of Avigilon's competitors have always had and still do, is their limited focus. Most of them provide only a small part of the systems being used in the market they serve, cameras in Axis' case, and lack anything else to differentiate themselves. They've never had any VMS, analytics, or access control products worth talking about and still don't.
Unfortunalety for them and fortunately for Avigilon, most of Avigilon's competitors have never really been that concernend with having a big picture view of the market they operate in since most only cover a small piece of it like Axis. They've also never had sales organizations that seem to perform as well as Avigilon's does.
I'd also go as far as saying that Avigilon probably has a much better handle on the market than pretty much all it's competitors since they are the only ones who are constantly having conversations with customers' about the entire scope of their needs because they can address most off them.
As for Axis, they have another very specific issue to deal with that could be compounding their usual lack of focus.
The deal for Canon to buy them out still hasn't closed because it's being trashed by a couple of hedge funds squatting 10% of the stock for a better offer on the price of those shares, but given Axis's latest below par quaterly performance, I doubt they'll get a penny more which might cause additional delays in closing..
https://www.axis.com/documentation/corporate/reports/2015/q2_eng.pdf