From Nasdaq: 2024-12-13 11:30:07

Cisco Systems reported first-quarter fiscal 2025 non-GAAP earnings of 91 cents per share, beating estimates by 4.6%. Revenues of $13.8 billion also surpassed expectations, but decreased 5.6% year over year. The company saw growth in security revenues, but networking sales remained sluggish. Operating expenses rose, resulting in a 12.1% decrease in non-GAAP operating income.

Looking ahead, Cisco expects second-quarter fiscal 2025 non-GAAP earnings between 89 and 91 cents per share, with revenues projected to be between $13.75 billion and $13.95 billion. The company returned $3.6 billion to stockholders in the first quarter through buybacks and dividends. Estimates for the stock have been trending upward, with a Zacks Rank #3 (Hold).

In comparison, NETGEAR, Inc., a competitor in the Computer – Networking industry, reported a year-over-year revenue decrease of -7.6% in the last quarter. EPS also declined to $0.17 from $0.23 the previous year. The company is expected to post a loss of $0.25 per share for the current quarter. NETGEAR has a Zacks Rank #3 (Hold) and a VGM Score of A.

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