The S&P/ASX 200 Index (ASX: XJO) is fighting hard to get into positive territory. In afternoon trade, the benchmark index is up a fraction to 8,887.6 points.
Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are falling:
Aussie Broadband Ltd (ASX: ABB)
The Aussie Broadband share price is down 1.5% to $5.70. This follows the release of a trading update ahead of its annual general meeting. The company's CEO, Brian Maher, said: "FY26 is set to be another year of growth for Aussie Broadband and we anticipate growth of between 14 and 21% in underlying EBITDA to a range of $157 to $167 million." It seems that the market was expecting even stronger growth from the telco in FY 2026.
Baby Bunting Group Ltd (ASX: BBN)
The Baby Bunting share price is down 5% to $3.00. This also appears to have been driven by the release of a trading update ahead of the baby products retailer's annual general meeting. Baby Bunting revealed that total sales are up 3.5% year to date through to 12 October. This has been achieved with an improved gross profit margin of 40.6%. Looking ahead, a net profit after tax in the range of $17 million to $20 million is expected. This is up from $12.1 million in FY 2025. However, it is worth noting that this earnings guidance is heavily weighted to the second half. Management expects a net profit of just $4.5 million to $5.5 million for the first half.
DroneShield Ltd (ASX: DRO)
The DroneShield share price is down almost 4% to $5.81. This may have been caused by profit taking from some investors after strong gains in recent weeks. For example, the counter drone technology company's shares are up over 75% since this time last month despite today's pullback. And looking further back, the high-flying stock is up an incredible 680% year to date.
Web Travel Group Ltd (ASX: WEB)
The Web Travel share price is down almost 4% to $4.22. This may have been driven by a broker note out of Morgan Stanley this morning. According to the note, the broker has retained its underweight rating on the travel company's shares with a reduced price target of $4.00 (from $4.25). This follows the recent release of a trading update which fell short of the broker's expectations.
