NEW
YORK, Sept. 19, 2023 /PRNewswire/ -- The Gross
Law Firm issues the following notice to shareholders
of AeroVironment, Inc..
Shareholders who purchased shares of AVAV during the class
period listed are encouraged to contact the firm regarding possible
lead plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/aerovironment-loss-submission-form/?id=48624&from=4
CLASS PERIOD: June 29, 2021
to December 7, 2021
ALLEGATIONS: The complaint alleges that on
December 7, 2021, AeroVironment
announced second quarter results below market estimates and reduced
revenue guidance for the remainder of the fiscal year from a range
of $560 million to $580 million to a range of $440 million to $460
million. AeroVironment also lowered its EBITDA guidance from
$105 million to $110 million to $59
million to $65 million. On
this news, AeroVironment's stock declined the following day by
nearly 30% to close at $57.98/share
causing significant losses to shareholders at the time.
DEADLINE: October 30, 2023
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/aerovironment-loss-submission-form/?id=48624&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of AVAV during the timeframe
listed above, you will be enrolled in a portfolio monitoring
software to provide you with status updates throughout the
lifecycle of the case. The deadline to seek to be a lead plaintiff
is October 30, 2023. There is no cost
or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross
Law Firm is committed to ensuring that companies adhere to
responsible business practices and engage in good corporate
citizenship. The firm seeks recovery on behalf of investors who
incurred losses when false and/or misleading statements or the
omission of material information by a company lead to artificial
inflation of the company's stock. Attorney advertising. Prior
results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm