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Drone stocks fall sharply as risk-off sentiment hits despite strong backlogs and contracts.

Market News
09 Sep 2026
24/7 Wall Street
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Bearish
Drone stocks fall sharply as risk-off sentiment hits despite strong backlogs and contracts.

Drone stocks including AeroVironment, Red Cat, and Ondas declined significantly on a day with no company-specific news, reflecting a broader market rotation away from high-beta speculative stocks. AeroVironment led the drop with a 4% fall, despite reporting strong revenue, record bookings, and solid contract backlogs earlier in the year. This selloff highlights investor caution as the market re-prices risk in the defense drone sector amid uncertain execution timelines. Investors should watch key price levels and upcoming contract announcements for signs of stabilization or further declines.

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Core & Main beats Q2 revenue and EPS estimates, driven by municipal infrastructure demand.

Core & Main beats Q2 revenue and EPS estimates, driven by municipal infrastructure demand.

Core & Main reported strong Q2 earnings with EPS of $0.94, surpassing the $0.92 analyst estimate and showing an 8% increase year-over-year. Revenue reached $2.15 billion, slightly above the $2.14 billion expected, supported by robust municipal infras...

Company Fundamentals
Bullish
1 hour ago
Korn Ferry beats Q1 earnings and revenue estimates but stock dips on cautious Q2 outlook

Korn Ferry beats Q1 earnings and revenue estimates but stock dips on cautious Q2 outlook

Korn Ferry reported strong Q1 results with earnings per share of $1.43 and revenue of $756.5 million, both exceeding analyst expectations and marking continued growth. Despite this, the stock fell due to conservative guidance for the next quarter, wh...

Company Fundamentals
Neutral
2 hours ago
SailPoint Q2 revenue slightly misses estimates but shows strong ARR growth and EPS beat.

SailPoint Q2 revenue slightly misses estimates but shows strong ARR growth and EPS beat.

SailPoint reported Q2 2026 earnings with revenue of $308.81 million, slightly below estimates but up 17% year-over-year. Adjusted EPS of $0.09 beat analyst expectations by 12.5%, reflecting improved profitability. The company showed strong subscripti...

Company Fundamentals
Neutral
3 hours ago
The Cooper Companies forecast Q3 EPS of $1.12 and $1.10B revenue, with an analyst raising price target to $80.

The Cooper Companies forecast Q3 EPS of $1.12 and $1.10B revenue, with an analyst raising price target to $80.

The Cooper Companies is set to report its Q3 2026 earnings with analysts expecting earnings per share (EPS) of $1.12 and revenue of $1.10 billion, both showing growth from the previous year. Despite a recent 2.7% drop in stock price to $67.69, an ana...

Company Fundamentals
Bullish
3 hours ago
Farmland Partners rated Buy with 35% upside based on asset value and NAV support

Farmland Partners rated Buy with 35% upside based on asset value and NAV support

Farmland Partners Inc. is rated as a Buy with a target price of $13.80, implying a 35% upside from its current price of $10.25. The investment thesis focuses on the company's asset value rather than income, as its AFFO does not cover dividends and th...

Analyst Insights
Bullish
4 hours ago
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