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AeroVironment, Inc.

Company NameAeroVironment, Inc.
Stock SymbolAVAV
Class PeriodJune 29, 2021 to December 07, 2021
Lead Plaintiff Motion DeadlineOctober 30, 2023

On December 7, 2021, AeroVironment released its second quarter earnings, and disclosed that it was reducing its fiscal year 2022 revenue guidance from between $560 and $580 million down to between $440 and $460 million. AeroVironment claimed the revision was due to supply chain constraints, extended procurement cycles, and staffing shortages.

On this news, AeroVironment’s stock price fell $21.97, or 27.5%, to close at $57.98 per share on December 7, 2021, thereby injuring investors. 

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