AeroVironment (NASDAQ:AVAV) Stock

AeroVironment

AeroVironment Inc operates under a single business segment in which it supplies unmanned aircraft systems, tactical missile systems, high-altitude pseudo-satellites, and other related services to government agencies within the United States Department of Defense as well as the United States allied international governments. The systems can help with security, surveillance, or sensing, and provide eyes in the sky without needing an actual person, or driver in the sky.

AeroVironment Inc

RBC Capital analyst Ken Herbert reinstates AeroVironment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVAV#NASDAQ">AVAV</a>) with a Outperform and announces $190 price target.

News

Price Target

Initiation

Analyst Ratings

AVAV

RBC Capital Reinstates Outperform on AeroVironment, Announces $190 Price Target

<h2 class="wp-block-heading">New On The Block</h2>
<ul>
<li>TSG Consumer Partners is <a href="https://www.bloomberg.com/news/articles/2025-04-30/tsg-consumer-is-said-to-near-investment-in-cookie-chain-crumbl?sref=TBDibEcD">reportedly</a> eyeing a sweet deal—a minority stake in Crumbl, the Utah-based cookie empire that could be worth a jaw-dropping $2 billion. Meanwhile, Blackstone and Golub Capital are cooking up something too, whipping together a $500 million unitranche loan to help fuel Crumbl's dough-powered expansion. Apparently, big money has a serious sweet tooth.</li>
</ul>
<ul>
<li>HistoSonics—a Johnson &amp; Johnson-backed medtech company—is exploring a sale after drawing interest from several big-name suitors. According <a href="https://www.ft.com/content/cb1c5bf1-ddf8-4c8b-b62d-99c081bce8c6">to</a> the Financial Times, they're aiming for a healthy $2.5 billion valuation. Medical device giants like Medtronic, GE HealthCare and Johnson &amp; Johnson are circling the Ann Arbor-based firm like surgeons around an OR table. The company's non-invasive tech, known as histotripsy—FDA-approved for liver cancer—uses focused ultrasound beams to treat tumors. They&#8217;re testing it next on the kidneys and pancreas. Citigroup is running point on the sale process.</li>
</ul>
<ul>
<li>Blackhawk Network, the prepaid gift card provider, is in a dual-track process. Silver Lake Management and P2 Capital Partners are exploring a potential sale or IPO with a valuation target of over $5 billion, according <a href="https://www.bloomberg.com/news/articles/2025-04-28/silver-lake-p2-weighs-5-billion-plus-exit-of-blackhawk?srnd=phx-deals&amp;sref=TBDibEcD">to</a> Bloomberg.</li>
</ul>
<ul>
<li>Decathlon SA is looking to pass the baton on about 30% of its China business, hoping to raise some cash while keeping its sneakers firmly planted in the country. Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-04-29/decathlon-is-said-to-start-talks-to-sell-stake-in-china-business?srnd=phx-deals&amp;sref=TBDibEcD">reports</a> that the French sporting goods giant has hired an adviser and caught the eye of potential investors—but the deal may hit a speed bump, as some suitors are eyeing more than just a minority stake. If the sale goes through, the China arm could be valued north of $1 billion. Still, Decathlon might just bench the whole idea or try other plays to grow in the market. With over 200 stores and 30-plus years in China, they're not ready to hang up their cleats just yet.</li>
</ul>
<h2 class="wp-block-heading">Updates From The Block</h2>
<ul>
<li>Sony Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) is considering a spin-off of its chip unit, according to Bloomberg. The chip unit earned nearly $12 billion last fiscal year and produces image sensors used in Apple&#8217;s iPhones.</li>
</ul>
<h2 class="wp-block-heading">Off The Block</h2>
<ul>
<li>Clearlake Capital <a href="https://www.prnewswire.com/news-releases/clearlake-capital-completes-majority-investment-in-modmed-to-fund-growth-302442922.html">completed</a> a majority stake in ModMed, a healthcare SaaS company founded in 2010 that uses AI to improve clinical and operational efficiency. ModMed&#8217;s platform includes tools for electronic health records, practice management, revenue cycle management and more. Previous backers include Warburg Pincus, Pentland Capital and Summit Partners.</li>
</ul>
<ul>
<li>Chef Boyardee, the ravioli-in-a-can icon created by Italian chef Hector Boiardi (yes, he was real), has fed generations of microwave-happy Americans. It will now be lovingly tucked into the pantry of Hometown Food Co., a Chicago-based portfolio company owned by Brynwood Partners. The acquisition includes a massive 820,000-square-foot plant in Milton, Pennsylvania. On the sell side is Conagra Brands, which scored $600 million on the sale. Hometown also has Hungry Jack and Pillsbury in its lineup. </li>
</ul>
<ul>
<li>AeroVironment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVAV#NASDAQ">AVAV</a>) completed its purchase of BlueHalo, a space and defense engineering firm, from Arlington Capital Partners for around $4.1 billion in cash and stock, Reuters reported.</li>
</ul>
<h2 class="wp-block-heading">Bankruptcy Block</h2>
<ul>
<li>More than 350 Forever 21 stores are set to <a href="https://www.usatoday.com/story/money/2025/04/30/forever-21-closing/83373431007/">close</a> by May 1. The fast fashion chain filed for Chapter 11 bankruptcy in March. According to court documents, all 354 leased U.S. locations will be shuttered. The company had said closures might be halted if a buyer stepped forward. As of April 30, no knight in stylish armor had emerged.</li>
</ul>
<ul>
<li>Biotech firm Molecular Templates has filed for Chapter 11 bankruptcy as it looks to restructure its operations, The Street <a href="https://www.thestreet.com/breaking-news/another-major-healthcare-company-files-for-chapter-11-bankruptcy">reports</a>. Known for developing cancer treatments, the company listed just $2.49 million in assets against a hefty $29.4 million in debt. It's now partnering with lender K2 Health Ventures to keep its research alive—and its lights on.</li>
</ul>
<ul>
<li>Diamond Comic Distributors has found two new buyers—Universal Distribution and Ad Populum. The update comes just a day after its original suitor, Alliance Entertainment, sued the company for alleged fraud. The federal bankruptcy court approved the sale of separate divisions to the new buyers, though the deals haven't closed yet. Diamond, which began in a Baltimore basement in the 1970s, filed for bankruptcy earlier this year. Alliance had bid $85 million in March but claims Diamond inflated its value. The new deals are worth less—$42 million and $7.5 million—pending final conditions. Should it work out, they&#8217;re expected to close by May 14, <a href="https://www.thebaltimorebanner.com/economy/diamond-comics-bankruptcy-STC5ENGBVNGVVIBUQGQSURYIPQ/">per</a> the Baltimore Banner. </li>
</ul>
<h2 class="wp-block-heading">Notes From The Block</h2>
The deal landscape (including IPOs) is getting quiet, but bankruptcy filings are on the rise. 
In April, total individual filings hit 47,323, up 10% year-over-year.
The increase &#8220;reflects the mounting financial strain on households, elevated prices, and higher borrowing costs," <a href="https://www.globenewswire.com/news-release/2025/05/02/3073370/10374/en/April-Consumer-Chapter-7-Bankruptcy-Filings-Increase-16-Percent-from-Previous-Year.html">said</a> Michael Hunter, vice president of bankruptcy data tracker Epiq AACER.
Commercial filings have &#8220;softened,&#8221; but there has been an &#8220;uptick in small business Subchapter V elections,&#8221; or Chapter 11 for small businesses looking to restructure their debts. This &#8220;signals persistent distress among smaller businesses navigating an uncertain economic landscape,&#8221; he said.
April's data comes on the heels of <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44764554/consumer-sentiment-crashes-to-3-year-lows-as-inflation-expectations-spike-to-1981-highs">a bleak consumer sentiment report</a> and heightened inflation expectations.
Small businesses are feeling the sting and &#8220;seeking relief&#8221; via restructuring options, Hunter added.
For the previous edition of <a href="https://www.benzinga.com/news/asset-sales/25/04/45019877/deal-dispatch-jack-in-the-box-to-dump-del-taco-fyre-brand-hits-auction-block-bertuccis-bites-bankruptcy-bullet-again">Deal Dispatch, click here</a>.

SONY

Deal Dispatch: Chef Boyardee, Crumbl Appear Tasty To Buyers While Bankruptcies Tick Upward

AeroVironment (AV), a global leader in intelligent, multi-domain autonomous systems, today announced it has been awarded a $46.6M contract by the Italian Ministry of Defence (MOD) for the delivery of its JUMP&#xAE; 20 vertical takeoff and landing (VTOL) medium uncrewed aircraft system (MUAS). The five-year contractencompasses the procurement of JUMP 20 air vehicles, engineering services, initial sustainment and onsite technical support – ensuring rapid fielding and operational readiness from day one.
 &nbsp;

Aerovironment Awarded $46.6M Contract By Italian MOD For Delivery Of JUMP 20 Vertical Takeoff And Landing MUAS

These mid-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>Agilon Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGL#NYSE">AGL</a>) shares jumped 36.87%. Bernstein analyst Amir Farahan upgraded the company from Market Perform to Outperform and raised the <a href="https://www.benzinga.com/quote/agl/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast from $3.3 to $8.5</a>.</li>
<li>Recursion Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RXRX#NASDAQ">RXRX</a>) stock escalated 35.85% after the U.S. Food and Drug Administration news about animal testing.</li>
<li>Certara Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CERT#NASDAQ">CERT</a>) stock upped 35.18%. The U.S. Food and Drug Administration announced a major shift in evaluating monoclonal antibody therapies and other drugs, emphasizing a <a href="https://www.benzinga.com//node/44764201" target="_blank" rel="noreferrer noopener">transition from traditional animal testing</a>.</li>
<li>AeroVironment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVAV#NASDAQ">AVAV</a>) shares increased 31.06%, probably following President Trump&#8217;s decision to implement a 90-day pause on reciprocal <a href="https://www.benzinga.com/25/04/44720006/markets-take-off-as-trump-announces-90-day-tariff-pause-for-non-retaliating-nations-slaps-china-with-125-duty" target="_blank" rel="noreferrer noopener">tariffs for all countries except China</a>.</li>
<li>Sterling Infrastructure (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STRL#NYSE">STRL</a>) shares increased by 30.61%, probably following President Trump&#8217;s decision to implement a 90-day pause on reciprocal <a href="https://www.benzinga.com/25/04/44720006/markets-take-off-as-trump-announces-90-day-tariff-pause-for-non-retaliating-nations-slaps-china-with-125-duty" target="_blank" rel="noreferrer noopener">tariffs for all countries except China</a>.</li>
<li>Orla Mining Ltd. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/ORLA#AMEX">ORLA</a>) shares rose 29.35%.</li>
<li>Iamgold Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAG#NYSE">IAG</a>) shares were up 28.24%, probably as gold and silver gained amid macro uncertainty.</li>
<li>Sibanye Stillwater (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SBSW#NYSE">SBSW</a>) shares were up 27.33% last week as gold and silver gained amid macro uncertainty.</li>
<li>Loar Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOAR#NYSE">LOAR</a>) stock upped 27.20%.</li>
<li>Rhythm Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RYTM#NASDAQ">RYTM</a>) shares gained 26.84% after the company announced that the Phase 3 TRANSCEND<a href="https://www.benzinga.com//node/44670213" target="_blank" rel="noreferrer noopener"> trial met its primary endpoint</a>. Multiple analysts raised <a href="https://www.benzinga.com/quote/rytm/analyst-ratings" target="_blank" rel="noreferrer noopener">their price targets on the stock.</a></li>
<li>Telix Pharmaceuticals Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLX#NASDAQ">TLX</a>) stock surged 22.34%. The company selected Cardinal Health to distribute Gozellix, a PSMA-PET imaging agent for <a href="https://www.benzinga.com//node/44680639" target="_blank" rel="noreferrer noopener">prostate cancer, across the U.S</a>.</li>
</ol>
Photo via Shutterstock

Equities

Mid Cap

Movers

Trading Ideas

CERT

LOAR

ORLA

RXRX

RYTM

SBSW

STRL

These Mid-Cap Stocks Outshone The Market Volatility Last Week (Apr 7-Apr 11): Are These In Your Portfolio?

WIIM

ATRO

AXON

BWXT

BYRN

CDRE

Embraer-Empresa Brasileira De Aeronautica

ESLT

EVEX

EVTL

MRCY

SARO

SATL

SPAI

SPCE

Shares of aerospace and defense companies are trading higher following President Trump's decision to implement a 90-day pause on reciprocal tariffs for all countries except China.

ACHR

ACVA

AMPX

AMSC

AMTM

APWC

AZEK

EFOI

ELPW

ENVX

EOSE

FTAI

FWRD

HUBB

INOD

JOBY

LICN

LNZA

LUNR

MNTS

NIXX

NOTE

PCTY

REZI

RKLB

SIDU

SKIL

SNCY

SRFM

STEM

SUNE

ULCC

VCIG

VICR

Shares of companies within the broader industrial sector are trading lower as markets react to President Trump's announcement of sweeping tariffs.

AeroVironment StockholdersApprove BlueHalo Acquisition

AV, through its wholly owned subsidiary Telerob, has been awarded a significant contract to deliver 41 large-sized advanced EOD/IED uncrewed ground vehicles (UGV) to the German Federal Armed Forces. Initial deliveries are scheduled for summer 2025, with additional orders extending through 2027.
Following a rigorous competitive procurement process, the telemax&#x2122; HT300 UGV was selected to meet the German Armed Forces' evolving requirements for explosive ordnance disposal (EOD) and counter-IED missions. Purpose-built for high-risk operations in complex terrain, the HT300 offers an advanced manipulator arm, exceptional traction, and mobility across uneven, unstable, and shifting surfaces.
"This award marks a major milestone in Telerob's 30-year legacy of innovation and trusted performance," said Florian Gruener, Managing Director of Telerob and Product Line General Manager for Uncrewed Ground Vehicles. "It is one of the most significant contracts we've secured in the past 15 years and further reinforces our longstanding, strategic partnership with the German Armed Forces. These next-generation systems will be built at our state-of-the-art facility in Ostfildern, Germany—delivering the precision, reliability, and operational advantage that today's missions demand."
The telemax&#x2122; HT300 is part of AV's growing portfolio of multi-domain uncrewed systems designed to enhance force protection, mission success, and operator safety in the world's most complex operational environments.

Contracts

AeroVironment Awarded Contract To Deliver 41 Advanced Uncrewed Ground Vehicles To The German Federal Armed Forces. Initial Delivery Scheduled For Summer 2025 With Additional Orders Thru 2027

AeroVironment (AV), the leader in defense technology, has secured a contract with the Defense Innovation Unit (DIU) to accelerate the deployment of next-generation autonomous precision munitions.
As part of its strategic expansion into a new sector of the multi-billion-dollar defense market, AV has been awarded an Other Transaction Authority (OT) award by the Defense Innovation Unit (DIU) as part of Project Artemis, an initiative launched to rapidly test and operationally evaluate long-range, one-way uncrewed aircraft systems (UAS) for the Department of Defense (DoD). This strategic effort, sponsored by the Under Secretary of Defense for Acquisition and Sustainment (A&amp;S), is driven by urgent congressional direction to accelerate the deployment of innovative precision-strike platforms in contested environments.
This award aligns with Secretary Pete Hegseth's directive in a memorandum issued on February 18, 2025, which exempts uncrewed systems from broad defense budget cuts and underscores the Pentagon's commitment to advancing autonomous capabilities as a critical component of modern military operations.
AV's fully autonomous, GPS-denied, precision-strike, one-way attack UAS is engineered for mass production and designed to operate in disrupted, disconnected, intermittent, and low-bandwidth environments, ensuring unmatched resilience against advanced electronic warfare (EW) threats. With a software-defined architecture, scalable manufacturing capabilities, and advanced GNSS-independent navigation, AV's platform rapidly delivers a next-generation solution for modern conflict. AV's AVACORE&#x2122; autonomy software and SPOTR-Edge&#x2122; computer vision are critical components enabling these capabilities quickly and at scale.

AeroVironment Secures Contract With Defense Innovation Unit To Advance Autonomous Precision Munitions; Part Of Project Artemis For Long-Range UAS Evaluation; Efforts Backed By Secretary Hegseth's Memo Exempting Uncrewed Systems From Budget Cuts

The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">Verra Mobility Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRRM#NASDAQ">VRRM</a>)</h3>
<ul>
<li>On Feb. 27, Verra Mobility posted better-than-expected quarterly results. &#8220;We delivered a solid fourth quarter, highlighted by strong earnings and cash flow generation,&#8221; said David Roberts, President and CEO, Verra Mobility. The company's stock fell around 23% over the past month and has a 5<a href="https://www.benzinga.com/quote/VRRM">2-week low of $19.51</a>.</li>
<li>RSI Value: 26.5</li>
<li>VRRM Price Action: Shares of Verra Mobility gained 2.2% to close at $20.20 on Thursday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">latest VRRM news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="907" height="841" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/14030129/image-115.png" alt="" class="wp-image-824329" style="width:531px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/14030129/image-115.png 907w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/14030129/image-115-300x278.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/14030129/image-115-768x712.png 768w" sizes="(max-width: 907px) 100vw, 907px" /></a></figure>
<h3 class="wp-block-heading">AeroVironment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVAV#NASDAQ">AVAV</a>)&nbsp;</h3>
<ul>
<li>On March 4, AeroVironment reported worse-than-expected third-quarter financial results and issued FY25 guidance below estimates. &#8220;We faced a number of short-term challenges in the third quarter, including the unprecedented high winds and fires in Southern California, which impacted our ability to meet our goals,&#8221; said Wahid Nawabi, AeroVironment chairman, president and chief executive officer. &#8220;Nevertheless, we made significant progress towards executing our long-term growth strategy and building resiliency for the future." The company's stock fell around 21% over the past month and <a href="https://www.benzinga.com/quote/AVAV">has a 52-week low</a> of $110.07.</li>
<li>RSI Value: 28</li>
<li>AVAV Price Action: Shares of AeroVironment gained 2% to close at $123.99 on Thursday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the trend in <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">AVAV stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="922" height="843" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/14030224/image-116.png" alt="" class="wp-image-824330" style="width:596px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/14030224/image-116.png 922w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/14030224/image-116-300x274.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/14030224/image-116-768x702.png 768w" sizes="(max-width: 922px) 100vw, 922px" /></a></figure>
<h3 class="wp-block-heading">GMS Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GMS#NYSE">GMS</a>)</h3>
<ul>
<li>On March 6, GMS reported worse-than-expected third-quarter financial results. &#8220;Our results in the quarter reflect the impact of soft end market demand and steel pricing, both of which deteriorated meaningfully during the last half of the quarter, ultimately driving both lower than expected sales and gross margin compression, despite experiencing price and mix improvement in Wallboard and Ceilings,&#8221; said John C. Turner, Jr., President and CEO of GMS. The company's stock fell around 16% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/GMS">low of $65.88</a>.</li>
<li>RSI Value: 24.1</li>
<li>GMS Price Action: Shares of GMS fell 0.1% to close at $70.36 on Thursday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential breakout in <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">GMS shares</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="873" height="840" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/14030320/image-117.png" alt="" class="wp-image-824331" style="width:552px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/14030320/image-117.png 873w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/14030320/image-117-300x289.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/14030320/image-117-768x739.png 768w" sizes="(max-width: 873px) 100vw, 873px" /></a></figure>
Read This Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/25/03/44300558/jim-cramer-arthur-j-gallagher-is-solid-this-industrial-company-is-fantastic">Jim Cramer: Arthur J. Gallagher Is &#8216;Solid,&#8217; This Industrial Company Is &#8216;Fantastic&#8217;</a></li>
</ul>

Long Ideas

Pre-Market Outlook

Markets

VRRM

Top 3 Industrials Stocks That May Rocket Higher This Month

ATXG

CEA INDUSTRIES INC by CEA Industries Inc.

CEAD

CRGO

LGCL

LVRO

Shares of companies within the broader industrial sector are trading lower amid economic worries driven by tariffs and trade policies. Investors may be expecting a decline in investment, which may also be weighing on the industry.

Jefferies analyst Greg Konrad maintains AeroVironment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVAV#NASDAQ">AVAV</a>) with a Buy and lowers the price target from $230 to $190.

Jefferies Maintains Buy on AeroVironment, Lowers Price Target to $190

The three major indices were mostly flat in midday trading Wednesday with the S&amp;P 500 and Nasdaq slightly under the flatline and the Dow Jones<a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44143660/howard-lutnick-says-president-definitely-thinks-theres-a-bitcoin-strategic-reserve"> up 39 points.&nbsp;</a>
Wall Street digested mixed economic data after the ISM Services PMI<a href="https://www.benzinga.com/news/econ-s/25/03/44143666/us-services-sector-unexpectedly-expands-in-february-despite-slowing-job-growth"> price index indicated</a> strong growth in the services sector, but the ADP employment report came in well below forecasts and added the fewest jobs in seven months. 
Traders awaited further <a href="https://www.benzinga.com/news/25/03/44143647/trump-considering-tariff-relief-for-mexico-canada-commerce-secretary-lutnick-says">developments on trade policy</a> after Commerce Secretary Howard Lutnick appeared on Bloomberg Television on Wednesday. Lutnick said President Donald Trump would likely make a decision on possible tariff relief for Mexico and Canada Wednesday afternoon.
Read Next: <a href="https://www.benzinga.com/news/earnings/25/03/44110273/trump-tariffs-will-raise-prices-within-days-target-ceo-says">Trump Tariffs Will Raise Prices &#8216;Within Days,&#8217; Target CEO Says</a>
The yield on the 10-year US Treasury note was at 4.23% on Wednesday, trimming declines from the morning after expansion in the services sector, reflected by the ISM PMI easing concerns on lower growth. However, yields remained near four-month lows touched earlier in the week.  The iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) fell 0.24%.  
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) was up 1% on Wednesday, and up nearly 5% on the week, as investors look forward to President Trump's White House crypto summit on Friday.&nbsp;
<h2 class="wp-block-heading">Wednesday's Performance In Major U.S. Indices, ETFs</h2>
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1 day % chg.</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>18,207.74</td>
<td>-0.43%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,756.29</td>
<td>-0.38%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,470.06</td>
<td>-0.12%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,075.09</td>
<td>-0.21%</td>
</tr>
</tbody>
</table>
</figure>
According to Benzinga Pro data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was down 0.43% at $574.36. </li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) was down 0.14% at $424.98. </li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;fell 0.58% to $492.67. </li>
<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>)&nbsp;slid 0.59% to $205.22. </li>
<li>The&nbsp;Consumer Discretionary Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>)&nbsp;was down 0.19% to $207.85. </li>
<li>The&nbsp;Energy Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>)&nbsp;was down 3.31% to $84.09. </li>
</ul>
<h2 class="wp-block-heading">Wednesday&#8217;s Stock Movers:&nbsp;</h2>
Abercrombie &amp; Fitch Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANF#NYSE">ANF</a>) shares plunged Wednesday after the company&#8217;s weak outlook overshadowed its <a href="https://www.benzinga.com/news/earnings/25/03/44142510/abercrombie-q4-earnings-beat-overshadowed-by-cautious-q1-outlook-stock-plunges">better-than-expected</a> fourth-quarter results. The company said it expects first-quarter EPS in the range of $1.25 to $1.45 versus the $2.01 estimate.
Stocks reacting to company earnings reports included:&nbsp;
<ul>
<li>ChargePoint Holdings, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHPT#NYSE">CHPT</a>) <a href="https://www.benzinga.com/quote/chpt" target="_blank" rel="noreferrer noopener"></a><a href="https://www.benzinga.com/quote/chpt" target="_blank" rel="noreferrer noopener"></a></li>
<li>Ross Stores, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROST#NASDAQ">ROST</a>) </li>
<li>Rigel Pharmaceuticals, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIGL#NASDAQ">RIGL</a>) </li>
<li>CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) &nbsp;</li>
<li>Box, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOX#NYSE">BOX</a>) </li>
<li>Sociedad Quimica y Minera S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQM#NYSE">SQM</a>) </li>
<li>AeroVironment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVAV#NASDAQ">AVAV</a>)</li>
<li>Stem, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STEM#NYSE">STEM</a>) </li>
<li>Foot Locker, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>)</li>
<li>Abercrombie &amp; Fitch Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANF#NYSE">ANF</a>) </li>
<li>Arbe Robotics Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARBE#NASDAQ">ARBE</a>) </li>
</ul>
Companies reporting after Wednesday&#8217;s closing bell include:&nbsp;
<ul>
<li>Grindr Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GRND#NYSE">GRND</a>) </li>
<li>LendingTree, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>) </li>
<li>MongoDB, Inc. (NAS+DAQ:MDB) </li>
<li>Rigetti Computing, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) </li>
<li>Marvell Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) </li>
<li>Zscaler, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZS#NASDAQ">ZS</a>) </li>
<li>Victorias Secret &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSCO#NYSE">VSCO</a>) </li>
<li>Fortuna Mining Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSM#NYSE">FSM</a>) </li>
</ul>
Read Next:<a href="https://www.benzinga.com/general/social-media/25/03/44098232/markets-tank-after-trump-confirms-more-tariffs-heres-what-wall-street-is-saying" target="_blank" rel="noreferrer noopener">&nbsp;</a>
<ul>
<li><a href="https://www.benzinga.com/general/social-media/25/03/44098232/markets-tank-after-trump-confirms-more-tariffs-heres-what-wall-street-is-saying" target="_blank" rel="noreferrer noopener">Markets Tank After Trump Confirms More Tariffs: Here's What Wall Street Is Saying</a></li>
</ul>
Image: Shutterstock

Large Cap

Market Summary

Sector ETFs

Bonds

Broad U.S. Equity ETFs

Politics

Global

Tech

ETFs

General

$BTC

ARBE

CHPT

CRWD

SPDR Dow Jones Industrial Average ETF Trust

GRND

MRVL

RGTI

RIGL

ROST

iShares Trust Barclays 20+ Year Treasury Bond Fund

TREE

VSCO

Select Sector SPDR-Consumer Discretionary

Wall Street Awaits Trump's Tariff Decision, Digests Mixed Economic Data: What's Driving Markets Wednesday?

AeroVironment shares are trading lower after Baird cut its price target on the stock from $220 to $146.

Baird analyst Peter Arment maintains AeroVironment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVAV#NASDAQ">AVAV</a>) with a Outperform and lowers the price target from $220 to $146.

Baird Maintains Outperform on AeroVironment, Lowers Price Target to $146

MRNA: 10% &#x7C; <a href="https://www.benzinga.com//node/44127329">Moderna shares are trading higher after Stephane Bancel Disclosed a share purchase.</a>
&nbsp;
OPFI: 13% &#x7C; <a href="https://www.benzinga.com//node/44137968">OppFi shares are trading higher after the company reported better-than-expected Q4 financial results and issued strong guidance.</a>
&nbsp;
AVAV: -20% &#x7C; <a href="https://www.benzinga.com//node/44126436">AeroVironment shares are trading lower after the company reported worse-than-expected Q3 financial results and issued FY25 guidance below estimates.</a>

MRNA

OPFI

Market-Moving News for March 5th

U.S. stock futures were higher this morning, with the Dow futures gaining around 200 points on Wednesday.
Shares of AeroVironment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVAV#NASDAQ">AVAV</a>) shares fell sharply in today's pre-market trading after the company reported worse-than-expected third-quarter financial results and issued FY25 guidance below <a href="https://in.benzinga.com/news/earnings/25/03/44127420/aerovironment-q3-earnings-revenue-miss-eps-miss-lowered-guidance-shares-sink-we-faced-a-number-of-short-term-challenges">estimates</a>.
AeroVironment reported third-quarter revenue of $167.6 million, missing estimates of $196.37 million, according to Benzinga Pro. The company reported third-quarter adjusted earnings of 30 cents per share, missing analyst estimates of 63 cents per share.
AeroVironment shares dipped 19.1% to $114.77 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul>
<li>Telecom Argentina S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEO#NYSE">TEO</a>) fell 7.9% to $10.20 in pre-market trading.</li>
<li>Box, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOX#NYSE">BOX</a>) shares tumbled 7.8% to $30.86 in pre-market trading following weak first-quarter guidance.</li>
<li>CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) shares fell 7.6% to $360.50 in pre-market trading. CrowdStrike posted better-than-expected results for its fourth quarter on Tuesday. The company said it expects first-quarter revenue to be between $1.1 billion and $1.106 billion versus estimates of $1.106 billion. The company anticipates first-quarter adjusted earnings of 64 cents to 66 cents per share versus estimates of 95 cents per share.</li>
<li>Golden Ocean Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOGL#NASDAQ">GOGL</a>) dipped 7.2% to $9.35 in pre-market trading. CMB.TECH bought Hemen stake in Golden Ocean.</li>
<li>The Bancorp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TBBK#NASDAQ">TBBK</a>) fell 4.8% to $51.00 in today's pre-market trading.</li>
<li>Centessa Pharmaceuticals plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNTA#NASDAQ">CNTA</a>) shares dipped 4.5% to $15.60 in pre-market trading after gaining over 8% on Tuesday.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/price-target/25/03/44083539/wall-streets-most-accurate-analysts-give-their-take-on-3-defensive-stocks-delivering-high-dividend-yields-3">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Defensive Stocks Delivering High-Dividend Yields</a></li>
</ul>

CNTA

GOGL

TBBK

Telecom Argentina Stet - France Telecom S.A.

AeroVironment Posts Downbeat Results, Joins Box, CrowdStrike And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

U.S. stock futures were advancing on Wednesday following Tuesday&#8217;s selloff. Futures of all four benchmark indices rose in premarket trading.
A trade war between major U.S. trading partners escalated on Tuesday as President Donald Trump imposed new tariffs on Canada, Mexico, and China. Canada and China swiftly retaliated with their tariffs on U.S. goods, mounting tensions and raising fears of a global economic slowdown.
During his joint address to Congress on Tuesday evening, Trump reiterated that &#8220;Tariffs are about making America rich again and making America great again. And it's happening. And it will happen rather quickly. There'll be a little disturbance, but we're okay with that.&#8221;
Meanwhile, the 10-year Treasury yield stood at 4.25%, while the two-year yield was at 3.98%. According to the CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>, there is a 93% chance that the Federal Reserve will keep interest rates unchanged for the March meeting.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>0.72%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.63%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.57%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1.22%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose in premarket on Wednesday. SPY was up 0.68% to $580.80, and QQQ advanced 0.87% to $499.87, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From The Last Session
Information technology was the only sector that was just above the flatline on Tuesday, while the market witnessed another day of fall led by financials, industrials, consumer staples, utilities, and consumer discretionary sectors. S&amp;P 500 declined 6% on Tuesday from its previous 52-week high of 6,147.43 points. 
The market erased its post-election gains after Trump confirmed a 25% levy on Canada and Mexico and an additional 10% tariff on China. He further stated during his Congress address that reciprocal tariffs will take effect April 2nd onwards.
Crowdstrike Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) issued a disappointing earnings forecast despite beating the fourth quarter estimates, Target Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) and Best Buy Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) also tanked on weaker than estimated outlook.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.35%</td>
<td>18,285.16</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-1.22%</td>
<td>5,778.15</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-1.55%</td>
<td>42,520.99</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-1.08%</td>
<td>2,079.53</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts
As the tariffs on Canada, Mexico, and additional duties on China went live, Brian Therien, investment strategist at Edward Jones said that the eventual impact on inflation could be partially offset by currency exchange rates if the U.S. dollar strengthens relative to other currencies, making imported products less expensive.
&#8220;In addition, manufacturers may not be willing or able to fully pass along tariffs to customers, narrowing profit margins, which can also help mitigate price increases. The economic effect of tariffs could also be partially offset by pro-growth policies, such as tax cuts and deregulation,&#8221; he added.
However, economist Craig Shapiro argued that U.S. attempts to raise tariffs could be counterproductive as the dollar value may decline.
&#8220;As the Trump administration elevates the trade war with tariffs, perhaps the best defense the rest of the world has against him is simply selling their U.S. assets, taking their ball and going home,&#8221; he said.
Economist Peter Schiff also bashed tariffs saying that it was not the way to rebuild America&#8217;s manufacturing base and the competitiveness of the American industry needed to be restored. According to him, it required &#8220;higher interest rates, reduced consumption, lower asset prices, and a severe recession in the short run.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Tariffs are not the way to rebuild America&#39;s manufacturing base. We need to restore the competitiveness of American industry. That means massive reductions in government spending, reduced regulations, including labor laws, and increased personal savings to finance capital…
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1897094779432992984?ref_src=twsrc%5Etfw">March 5, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
As S&amp;P 500 slid nearly 6% from its previous high on Feb. 19, Ryan Detrick of Carson Research noted that the correction was &#8220;mild&#8221;. He cited 2023 as an example and said, &#8220;it had one 5% mild correction and one 10% correction.&#8221;
&#8220;Even the best years have volatility,&#8221; said Detrick.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The S&amp;P 500 is down 6.0% from the 2/19 peak, for the first 5% mild correction of the year. As great as last year was, we saw two of these. 2023 was very good also and it had one 5% mild correction and one 10% correction. Even the best years have volatility. <a href="https://t.co/POlqjLVK1V">pic.twitter.com/POlqjLVK1V</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1897125442957795438?ref_src=twsrc%5Etfw">March 5, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Furthermore, he reinstated confidence among investors by highlighting that Wednesday has by far been the best day of the week in 2025.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Want some good news? Tomorrow is Wednesday, which has by far been the best day of the week in 2025. Monday is really bad, proving no one likes Monday. <a href="https://t.co/w8ffKmbDvu">pic.twitter.com/w8ffKmbDvu</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1897022831550194083?ref_src=twsrc%5Etfw">March 4, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures </a>
Upcoming Economic Data
Here&#8217;s what investors will keep on Wednesday:
<ul>
<li>February&#8217;s ADP employment data will be released at 8:15 a.m., ET.</li>
</ul>
<ul>
<li>The S&amp;P final U.S. services PMI for February will be out by 9:45 a.m., ET.</li>
</ul>
<ul>
<li>January&#8217;s factory orders data and February&#8217;s ISM services data will be announced at 10:00 a.m., ET.</li>
</ul>
<ul>
<li>Fed Beige Book will be released at 2:00 p.m., ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Foot Locker Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>) was up 1.61% in the premarket on Wednesday ahead of its earnings, which will be released after the opening bell. Analysts expect it to report earnings of 72 cents per share on revenue of $2.32 billion</li>
</ul>
<ul>
<li>Campbell&#8217;s Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPB#NASDAQ">CPB</a>) was 0.82% lower as Wall Street expects it to report quarterly earnings of 72 cents per share on revenue of $2.74 billion before the opening bell.</li>
</ul>
<ul>
<li>Abercrombie &amp; Fitch Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANF#NYSE">ANF</a>) advanced 2.69% ahead of its earnings, which will be released after the opening bell. Analysts expect it to report earnings of $3.52 per share on revenue of $1.56 billion.</li>
</ul>
<ul>
<li>Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) rose 2.31% as Wall Street expects it to report quarterly earnings of 59 cents per share on revenue of $1.80 billion after the closing bell.</li>
</ul>
<ul>
<li>Crowdstrike Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) slipped 8.24% as it said it expects first-quarter revenue to be between $1.1 billion and $1.106 billion versus estimates of $1.106 billion.</li>
</ul>
<ul>
<li>ARB IOT Group Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARBB#NASDAQ">ARBB</a>) zoomed 73.31% after bagging a $45 million AI data center order.</li>
</ul>
<ul>
<li>Diamondrock Hospitality Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRH#NYSE">DRH</a>) was 2.34% higher as it boosted quarterly dividend to $0.08 per share, payable April 11th to shareholders with a record date on March 28th. This represents a 3.95% yield, up from the previous dividend of $0.03.</li>
</ul>
<ul>
<li>ReTo Eco-Solutions Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RETO#NASDAQ">RETO</a>) plummeted 29.92% after it said that it will enact a 10-to-1 reverse stock split on March 7, aiming to boost its share price and maintain its Nasdaq listing. This will reduce outstanding shares from 19.3 million to approximately 1.9 million.</li>
</ul>
<ul>
<li>Wearable Devices Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WLDS#NASDAQ">WLDS</a>) surged 17.35% as it will be showcasing its Mudra Link, a neural sensing wristband enabling gesture control across multiple platforms, at MWC Barcelona 2025.</li>
</ul>
<ul>
<li>AeroVironment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVAV#NASDAQ">AVAV</a>) tanked 20.01% after issuing disappointing full-year guidance, falling short of analyst expectations for both earnings and revenue. Fiscal third-quarter results also missed estimates.</li>
</ul>
Commodities, Gold And Global Equity Markets:
Crude oil futures were trading lower in the early New York session by 1.48% to hover around $67.25 per barrel.
The gold spot index was down by 0.04% to $2,916.72 per ounce. Its last record high was at $2,956.37 per ounce. The Dollar Index was down 0.75% at the 104.955 level.
Asian markets closed higher on Wednesday except Australia's ASX 200 index. India's S&amp;P BSE Sensex, China's CSI 300, South Korea's Kospi, Japan's Nikkei 225, and Hong Kong's Hang Seng index advanced. European markets were also higher in trade.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/market-summary/25/03/44135177/trump-seeks-to-end-chips-act-who-stands-to-lose-heres-a-list-of-beneficiaries-that-could-be-affected">Trump Seeks To End CHIPS Act: Who Stands To Lose? Here&#8217;s A List Of Beneficiaries That Could Be Affected</a></li>
</ul>
Photo courtesy: Shutterstock

Earnings

Government

Futures

Commodities

Forex

Treasuries

Economics

Federal Reserve

ARBB

RETO

WLDS

US Stocks Likely To Open Higher After S&P 500 Retreats 6% From Previous Record: 'Even The Best Years Have Volatility,' Says Expert

AeroVironment Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVAV#NASDAQ">AVAV</a>) reported third-quarter financial results for fiscal 2025 after the market close on Tuesday. Here&#8217;s a rundown <a href="https://www.benzinga.com/pressreleases/25/03/b44125869/aerovironment-announces-fiscal-2025-third-quarter-results">of the report</a>.
Q3 Earnings: AeroVironment reported third-quarter revenue of $167.6 million, missing estimates of $196.37 million, according to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>. The company reported third-quarter adjusted earnings of 30 cents per share, missing analyst <a href="https://www.benzinga.com/calendars/earnings">estimates</a> of 63 cents per share. 
Total revenue was down 10% year-over-year, reflecting lower product sales and service revenue. AeroVironment reported a $3.1 million loss from operations in the third quarter. The company said it had a record funded backlog of $763.5 million as of Jan. 25.
&#8220;We faced a number of short-term challenges in the&nbsp;third quarter, including the unprecedented high winds and fires in Southern California, which impacted our ability to meet our goals,&#8221; said&nbsp;Wahid Nawabi, chairman, president and CEO of AeroVironment.
&#8220;Nevertheless, we made significant progress towards executing our long-term growth strategy and building resiliency for the future.&#8221;
See Also: <a href="https://www.benzinga.com/news/earnings/25/03/44126630/chargepoint-shares-climb-after-solid-q4-report-q1-guidance-details">ChargePoint Shares Climb After Solid Q4 Report, Q1 Guidance: Details</a>
Outlook: AeroVironment lowered its full-year outlook. The company now expects full-year 2025 revenue of $780 million to $795 million, down from a prior outlook of $790 million to $820 million. AeroVironment now expects full-year adjusted earnings of $2.92 to $3.13 per share, down from a prior outlook of $3.18 to $3.49 per share. 
Analysts are looking for full-year revenue of $821.4 million and earnings of $3.45 per share. The revised guidance appears to be sparking a selloff in shares after hours. 
Management is currently discussing the quarter on a conference call that started at 4:30 p.m. ET.
AVAV Price Action:&nbsp;<a href="https://www.benzinga.com/quote/AVAV" target="_blank" rel="noreferrer noopener">AeroVironment shares</a>&nbsp;were down 18.2% after hours, trading at $116.11 at the time of publication Tuesday, per <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
Photo: Shutterstock.

AeroVironment Q3 Earnings: Revenue Miss, EPS Miss, Lowered Guidance, Shares Sink — 'We Faced A Number Of Short-Term Challenges'

AeroVironment shares are trading lower after the company reported worse-than-expected Q3 financial results and issued FY25 guidance below estimates.

Press Releases

AeroVironment Stockholders Approve Acquisition of BlueHalo

Drone Surveying Industry Witnessing Continuous Technological Advancements Generating Rising Revenue Opportunity

Versatility Of Commercial Drones Performing Growing Number of Tasks is Driving Rapidly Increasing Adoption Rate

Red Cat Holdings Announces Closing of $30 Million Registered Direct Offering of Common Stock

AV Secures $46.6M Contract with Italian Ministry of Defence for Combat-Proven JUMP 20 VTOL Aircraft System

Unmanned Drones Carrying Bathymetric Lidar Systems Being Utilized to Cover Larger Areas Quickly

AeroVironment and BlueHalo Complete Transaction — Creating A Global Defense Technology Leader Built for Strategic Advantage in Modern Warfare

AV Unleashes Red Dragon: A New Breed of Fully Autonomous, GPS-Denied One-Way Attack Unmanned Aircraft Systems

AV Launches Titan 4 and Expands Titan Family, Ushering in the Next Era of RF Counter-UAS Dominance

How the Industry of Drones is Evolving Rapidly with New Trends and Technologies Emerging Regularly

Comments

AeroVironment

Notizie

PARTENAIRE / CONTRIBUTEUR

BENZINGA MONDIAL