On September 17, AeroVironment rose 5.26% in regular trading, trading at $166.63/share, with turnover of approximately $66.07 million.
On the news front, the company announced a strategic collaboration with Nominal, adopting its test and operations data platform to centralize test data capture, cross-team review, and traceability for its uncrewed aircraft, loitering munitions, and counter-UAS systems, aiming to support expanded production across defense programs.
The rally also reflects continued momentum from a strong FY27 Q1 earnings report. AeroVironment posted adjusted EPS of $0.59, beating the consensus estimate of $0.24 by 136%, while revenue reached a record $480.5 million, up 6% year-over-year. Q1 orders totaled $700 million with a 1.4x book-to-bill ratio, and funded backlog hit a record $1.5 billion. The company reaffirmed FY27 guidance of $2.13-$2.23 billion in revenue and adjusted EPS of $3.02-$3.34.
Additionally, AeroVironment recently secured a $464.8 million U.S. Army laser weapons contract and an international LOCUST system order exceeding $50 million, further strengthening fundamentals.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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