Cisco Insider Sells $800K Worth of Stock Amid Record Revenue

Cisco Systems insider Jeetendra Patel recently sold 7,170 shares of the company's stock on August 14th. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan and represents a 3.02% decrease in Patel's ownership stake.

The shares were sold at an average price of $111.57, resulting in a total transaction value of $799,956.90. Following the sale, Patel directly owned 230,593 shares in the company, valued at approximately $25,727,261.01.

Cisco Systems reported record quarterly revenue of $17.3 billion and non-GAAP earnings per share of $1.22 for the quarter ended August 12th. The company's CEO, Charles Robbins, and other insiders sold a combined 38,045 shares in late August, but this was seen as a minor negative signal rather than a clear change in management's outlook.

The network equipment provider has set its FY 2027 guidance at $5.050-5.110 EPS and Q1 2027 guidance at $1.320-1.340 EPS. Analysts anticipate that Cisco Systems will post $4.09 EPS for the current fiscal year.