Stock bumps show that public market investors are betting on companies selling tech to the police, as protests erupt across the US
that it had raised $12.4 million in a direct public offering, the company's stock jumped more than 20%.
Companies like Vislink Technologies and Cemtrex, which sell facial recognition and live video products, among other offerings, also saw their share prices rise. Investors have been flocking to the law enforcement software market, which was valued at $8.58 billion in 2018. The market has even been relatively resistant to the financial impact of the coronavirus on law enforcement spending. Some city governments that have been forced to cut chunks of their public spending have nevertheless chosen to leave police budgets relativelyBut the timing of the stock market gains is significant, as protests against the death of George Floyd erupt across the country.
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