BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of AeroVironment, Inc. (“AeroVironment” or the “Company”) (NASDAQ: AVAV) investors concerning the Company’s possible violations of federal securities laws.
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.
If you purchased AeroVironment securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
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