Why AeroVironment Stock Fell Today
Shares of AeroVironment (NASDAQ: AVAV) declined more than 12% on Wednesday after the unmanned aerial vehicle manufacturer's earnings fell short of investors' expectations.
Image source: Getty Images.
AeroVironment's revenue soared 151% year over year to $472.5 million in its fiscal second quarter ended Nov. 1. The gains were fueled by the defense contractor's acquisition of BlueHalo, a provider of space technology and autonomous systems, in May.
Source Fool.com
Aerovironment Stock
€203.70
-4.040%
The stock is an absolute favorite of our community with 44 Buy predictions and no Sell predictions.
With a target price of 280 € there is a positive potential of 37.46% for Aerovironment compared to the current price of 203.7 €.
