From the editor

What is the link between public safety funding and the public’s safety? How do those impact local economies?

It’s been a talking point for decades, recently amplified by defund the police narratives and initiatives. In either direction, the objective question is, what’s the link?

Today’s PSR includes topics directly related and adjacent to this question.

Enjoy the read and stay safe out there. Happy fourth 🇺🇸

Top News

People & Leadership

Strategic Initiatives & Funding

Technology Updates

Public Markets

Market Context (July 2, 2025):

The S&P 500 and Nasdaq Composite continued their strong performance, both closing at record highs with gains of 0.5% and 0.9% respectively. The Dow Jones Industrial Average, however, remained largely flat. This backdrop was influenced by ongoing trade talks, budget bill discussions, and anticipation of upcoming jobs reports.

Public Safety Stocks:

• Comtech Telecommunications Corp. (CMTL): Closed at $2.61. The stock showed an upward trend on the day. Recent reports from July 1, 2025, indicated that CMTL had crossed above its 200-day moving average, and their Q3 2025 earnings per share (EPS) had beaten analyst estimates.

• AT&T Inc. (T): Closed at $28.31, marking a 1.97% decline from the previous day's close. This performance lagged the broader market's gains. AT&T's strategic divestiture of DIRECTV was a key recent development, aimed at focusing on 5G and fiber expansion.

• T-Mobile US, Inc. (TMUS): Closed at $237.42. News on July 2, 2025, highlighted the completion of a $2 billion network expansion in Florida and an extension of exchange offers for United States Cellular Corporation's debt securities.

• SoundThinking, Inc. (SSTI): Closed at $13.735. The stock experienced modest intraday movement.

• Axon Enterprise, Inc. (AXON): Closed at $774.55. On July 1, 2025, Axon shares had notably declined by 6.4% due to cost pressures, which continued to influence sentiment.

• Genasys Inc. (GNSS): Closed at $1.81. The company's fiscal 2Q 2025 financial results (reported May 13, 2025) indicated increased revenue and reduced losses.

• Lakeland Industries, Inc. (LAKE): Closed at $13.65. Recent news in June 2025 announced its inclusion in the Russell 3000® and Russell 2000® Indexes. Despite Q1 FY2026 earnings missing estimates (reported June 9, 2025), sales did increase year-over-year.

• Wrap Technologies, Inc. (WRAP): Closed at $1.55. Its stock price and market capitalization were noted at $1.56 and $78.4 million respectively, as of July 2, 2025.

• Spok Holdings Inc. (SPOK): Closed at $17.41. Consistent high dividend yield (near 7.8%) and strong Q1 2025 earnings (reported April 30, 2025), which exceeded expectations.

• CAE Inc. (CAE): Closed at $29.26. CAE's Q2 fiscal 2025 results (reported May 14, 2025) demonstrated revenue and operating income growth, and the company reported a record adjusted backlog of $18.0 billion.

• Globalstar, Inc. (GSAT): Closed at $23.79, after seeing a daily high of $23.99. While investor relations indicated a positive daily change, their Q1 2025 earnings (reported May 8, 2025) had missed revenue estimates.

• Motorola Solutions, Inc. (MSI): Closed at $422.27. The company reported robust Q1 2025 results (reported May 1, 2025), with a 6% increase in sales and a 13% rise in non-GAAP EPS, driven by strategic acquisitions and new product launches in AI for public safety.

• Oracle Corporation (ORCL): Closed at $229.98, marking a significant 5.03% increase. This surge followed strong fiscal Q4 and full-year 2025 results (reported June 11, 2025), particularly in cloud revenue.

• Palantir Technologies Inc. (PLTR): Closed at $132.12. The stock had experienced a substantial 90% gain in the first half of 2025.

• Kratos Defense & Security Solutions, Inc. (KTOS): Closed at $43.28. The stock saw a positive movement into July 3rd, with a 3.1% gain on July 4, 2025, driven by an analyst upgrade. Kratos had also exceeded Q1 2025 earnings estimates (reported May 7, 2025).

• Verizon Communications Inc. (VZ): Closed at $43.59. Verizon had a 9.2% year-to-date gain as of July 2, 2025. The company's performance is being buoyed by strong 5G adoption, fixed wireless broadband, and recent AI initiatives in customer service.

• Tyler Technologies, Inc. (TYL): Closed at $583.08, down 1.18%. Despite the slight daily dip, Tyler Technologies reported better-than-expected Q1 2025 earnings and revenue (reported April 24, 2025), with notable growth in subscription and SaaS revenues.

The heightened demand for public safety and defense tech is primarily fueled by rising global security concerns and direct responses to major events, both global and domestic. This environment is actively driving legislative initiatives aimed at bolstering homeland security measures and technological integration.

Key segments poised for substantial growth include advanced emergency communication systems, personal protective equipment, and sophisticated AI-driven surveillance and disaster management technologies.

This is not financial advice. The Public Safety Report does not receive payment by any organization, including these. These companies have been subjectively listed and may not reflect the entire publicly traded public safety ecosystem. Consult a licensed financial professional for financial advice.

Thank you for reading The Public Safety Report.