AeroVironment: Here's Why I'm Downgrading To Hold [Seeking Alpha]
AeroVironment, Inc. (AVAV)
Last aerovironment, inc. earnings: 3/3 04:10 pm
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US:NASDAQ Investor Relations:
investor.avinc.com/investor-relations
Company Research
Source: Seeking Alpha
The company's recent quarterly results show strong demand for unmanned and loitering ammunition solutions, with average revenues growing significantly. AeroVironment has provided guidance for fiscal 2024, indicating 30% revenue growth and a strong fourth quarter with sales exceeding $180 million. Looking for a helping hand in the market? Members of The Aerospace Forum get exclusive ideas and guidance to navigate any climate. Learn More » In May 2023, I started coverage for AeroVironment ( NASDAQ: AVAV ) stock after the company had just been eliminated from the FTUAS (Future Tactical Unmanned Aerial System) program. At the time, I saw the elimination as a risk to sustained growth for the company and combined with the high EV/EBITDA relative to peers, I put a hold rating on AVAV stock . The stock, however, has performed well, gaining 84% vs. a 22.7% return for the broader markets. In July 2023, I accepted the elevated EV/EBITDA for drone makers and flipped from a hold to buy ra
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AVAV
News
- Global Drone Market to Surpass USD 166.70 Billion by 2031 | Skyquest Technology [Yahoo! Finance]Yahoo! Finance
- 14 Strongest Military Forces in the Middle East [Yahoo! Finance]Yahoo! Finance
- Why AeroVironment Stock Just Popped [Yahoo! Finance]Yahoo! Finance
- AV Unveils New AI Capability and Autonomy Kit for Unmanned SystemsBusiness Wire
- Global High-Altitude Aeronautical Platform Station (HAAPS) Industry Report 2024: Increase in Digitalization in Defense Presents Opportunities - Analysis & Forecasts 2023-2033 [Yahoo! Finance]Yahoo! Finance
AVAV
Earnings
- 3/4/24 - Beat
AVAV
Sec Filings
- 4/8/24 - Form 4
- 4/8/24 - Form 4
- 4/8/24 - Form 4
- AVAV's page on the SEC website