PATH - Bragar Eagel & Squire P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against AeroVironment DFS and UiPath and Encourages Investors to Contact the Firm | Benzinga
NEW YORK, Sept. 12, 2023 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that class actions have been commenced on behalf of stockholders of AeroVironment, Inc. (NASDAQ:AVAV), Discover Financial Services (NYSE:DFS), and UiPath, Inc. (NYSE:PATH). Stockholders have until the deadlines below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided.
AeroVironment, Inc. (NASDAQ:AVAV)
Class Period: June 29, 2021 - December 7, 2021
Lead Plaintiff Deadline: October 30, 2023
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.
For more information on the AeroVironment class action ...