Engaged Capital Sends Letter to Board of AeroVironment, Inc.
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Canaccord Genuity Reiterates Hold Following AeroVironment's (AVAV) 4Q15 Results
July 1, 2015 9:05 AM EDTCanaccord Genuity reiterates a Hold ratingand $30.00 price target on AeroVironment (NASDAQ: AVAV) following 4Q15 results. AVAV reported revenues of $86.5M compared to consensus of $85.7M. EPS was reported at $0.31 versus $0.18 consensus. Management provided initial fiscal 2016 guidance of $260M to $280M in revenues.
Analyst... More
Engaged Capital Sends Letter to AeroVironment (AVAV), Calls for Declassification of Board
June 29, 2015 4:02 PM EDTEngaged Capital, an investment firm specializing in enhancing the value of small and mid-cap North American equities, today sent a letter to the AeroVironment, Inc. (NASDAQ: AVAV) Board of Directors .
The full text of the letter follows:
June 29, 2015
Members of the Board of DirectorsAeroVironment, Inc.181 W. Huntington Drive, Suite 202Monrovia, CA 91016
Dear Members of the Board,
Engaged Capital, LLC (together with its affiliates, Engaged Capital or we) has been a shareholder of AeroVironment, Inc. (AVAV or the Company) and has publicly sought to improve its corporate governance since July 2013.
As you... More
