U.S. Movers: Cisco Systems, Firefly Aerospace, Sweetgreen

Scott Peters
13 Nov, 2025
New York City

Cisco Systems jumped 6.5% to $78.80 after the networking gear company's latest quarterly results surpassed market expectations. 

Cisco Systems said revenue in the fiscal first quarter ending on October 25 rose 8% to $14.9 billion from $13.8 billion, net income advanced 5% to $2.9 billion from $2.7 billion, and diluted earnings per share increased 6% to 72 cents from 68 cents a year ago. 

Firefly Aerospace soared 25% to $23.36 after the company reported better-than-expected third-quarter results. 

Revenue increased to $30.8 million from $22.4 million, net loss expanded to $140.3 million from $46.2 million, and diluted loss per share shrank to $1.50 from $3.57 a year ago. 

Outstanding shares jumped to 93.8 million from 12.9 million in the quarter a year ago. 

In the latest quarter, the Texas-based company recorded a one-time charge of $30 million to extinguish debt and $42.2 million in change in the fair value of warrant liability. 

Operating loss expanded to $62.2 million from $34.2 million in the quarter a year ago. 

Firefly estimated 2025 full-year revenue to be between $150 million and $158 million. 

Sweetgreen dropped 10% to $5.23 after the salad chain reported a wider-than-expected quarterly loss. 

Revenue in the third quarter ending on September 25 decreased 0.6% to $172.4 million from $173.4 million, net loss expanded to $36.2 million from $20.8 million, and diluted loss per share expanded to 31 cents from 18 cents a year ago. 

Same-store sales continued to shrink as the salad chains' core customers retrenched spending amid the cost of living crisis and avoided high-priced restaurants. 

Same-store sales decreased 9.5%, compared to an increase of 5.6% in the prior-year period. 

The company said it remained profitable at the restaurant level and earned $22.5 million compared to $34.9 million, but restaurant-level profit margin shrank to 13.1% compared to 20.1% a year ago, respectively.