Cisco CEO Sells $2.41 Million in CSCO Shares Amid Surge in Stock Price
Cisco CEO Charles Robbins has sold $2.41 million worth of CSCO shares as part of his Rule 10b5-1 trading plan. The sale, which occurred on August 14, 2026, involved multiple transactions with weighted average prices ranging between $110.59 and $113.49 per share.
According to the filing, Robbins sold a total of 21,628 shares as part of his plan, which he adopted in February 2026. The sale comes as Cisco shares have surged 72% over the past year, trading at $112.90.
Cisco has seen a series of positive developments following its strong fourth-quarter fiscal 2026 results, with revenue exceeding consensus estimates by 2.5% and earnings per share surpassing expectations by more than 4%. Several analyst firms have raised their price targets for the company in response to these results, including UBS, KeyBanc, Truist Securities, Rosenblatt, and Morgan Stanley.