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AeroVironment stock forecast as its revenue and backlog jumps

Source: invezz.com

Corporate EarningsCompany FundamentalsInfrastructure & Defense
AeroVironment stock forecast as its revenue and backlog jumps

AeroVironment reported strong earnings, with solid revenue and backlog growth, potentially challenging a steep share-price decline. The stock has fallen from $417 in October to $140.80, a roughly 66% drop, but the earnings performance may improve investor confidence in its operating trajectory.

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