AeroVironment: 42% Price Correction Since Beginning of the Year - Can a Trend Reversal Occur?

AeroVironment (AVAV) is a beneficiary of the internationally rising defense budgets. This trend was also reflected in the quarterly report from June 29. The company managed to increase its revenue by 133% compared to the same period last year, reaching $641.6 million. This increase primarily resulted from higher product sales and service revenues due to acquisitions. Looking at the business segments, autonomous systems significantly contributed to the positive development. The adjusted EPS was simultaneously increased by 14.3% to $1.84. However,...