U.S. Movers: Boot Barn, Cisco Systems

Scott Peters
15 May, 2025
New York City

Cisco Systems Inc. surged 2.7% to $62.92 after the networking company reported better-than-expected fiscal third quarter results and lifted its outlook. 

Revenue jumped to $14.15 billion from $12.70 billion, net income climbed to $2.49 billion from $1.89 billion, and diluted earnings per share rose to 62 cents from 46 cents a year ago.

Product orders were up 20% year over year, with growth across all geographies and customer markets.

The company guided fiscal fourth-quarter revenue to be between $14.5 billion and $14.7 billion, compared to $13.6 billion in 2024, and GAAP earnings per share between 62 cents and 67 cents, compared to 54 cents a year earlier.

For the full year, the company estimated revenue to be between $56.5 billion and $56.7 billion, compared to $53.8 billion in 2024, and GAAP earnings per share between $2.53 and $2.58, compared to $2.54 a year ago.

Cisco returned $3.1 billion to shareholders in the third quarter through share buybacks and dividends, and $15.4 billion remained under repurchase authorization with no termination date.

The company acquired SnapAttack, a privately held company that offers a threat detection and engineering platform.

Boot Barn Holdings Inc. soared 17.4% to $156.00 after the western and work-related footwear and apparel retailer reported fourth-quarter 2025 results.

Net sales surged to $453.75 million from $388.46 million, net income edged up to $37.54 million from $29.44 million, and diluted earnings per share rose to $1.22 from 96 cents a year ago.

Same-store sales in the quarter increased 6%, with retail same-store sales growing 5.5% and comparable e-commerce sales climbing 9.8% from a year earlier.

The company has authorized the repurchase of up to $200 million of its own stock.

The footwear and apparel retailer said it plans to open between 65 and 70 new stores during the fiscal year 2026 and estimated total sales to be between $2.07 billion and $2.15 billion, an increase of 8% to 13% from $1.91 billion over the previous year.

Net income is estimated to be between $169 million and $197 million, compared to $180.94 million in 2024, and diluted earnings per share between $5.50 and $6.40, compared to $5.88 a year earlier.

For the first quarter, the company guided sales to be between $483 million and $491 million, an increase of 14% to 16% from $423.4 million a year ago, and diluted earnings per share between $1.44 and $1.52, compared to $1.26 in the same quarter the previous year.