Why AeroVironment Stock Sank This Week
Shares of up-and-coming unmanned defense systems provider, AeroVironment (NASDAQ: AVAV), are down 10% this week as of market close on Thursday.
The next-gen defense contractor reported second-quarter earnings on Tuesday that exceeded Wall Street's sales expectations but missed its adjusted net income expectations by a wide margin.
AeroVironment's organic sales grew by 22% during Q2, but increased by 151% when including the company's recent acquisition of defense technology solutions provider BlueHalo.
Source Fool.com
Aerovironment Stock
€313.70
5.780%
The stock is an absolute favorite of our community with 47 Buy predictions and no Sell predictions.
With a target price of 321 € there is a slightly positive potential of 2.33% for Aerovironment compared to the current price of 313.7 €.
