Stifel analyst Joseph DeNardi said his view on AeroVironment is unchanged following the announcement that CFO Teresa Covington would be resigning. He thinks the selloff following the news suggests one of two potential narratives: that Covington's resignation and relatively short tenure is being tied to short reports or that the company's outlook isn't sufficiently positive to keep her from leaving for another opportunity. However, he would "dismiss the first potential narrative and don't really buy into the second," as he thinks the company's pipeline is "as full as it has ever been." DeNardi sees the selloff in the stock was unwarranted, though he keeps a Hold rating on AeroVironment shares due to uncertainty on its opportunities translating into earnings.