McCormick Unloads CSCO Shares Amid Strong Earnings Report
Representative Richard McCormick recently sold between $1,001 and $15,000 in shares of Cisco Systems Inc. (NASDAQ:CSCO) on July 30th. This trade occurred in his 'GROWTH PARTNERS ROTH IRA' account.
McCormick also made similar trades for other companies including Medtronic (NYSE:MDT), NextEra Energy (NYSE:NEE), PepsiCo (NASDAQ:PEP), Abbott Laboratories (NYSE:ABT), McDonald's (NYSE:MCD), L3Harris Technologies (NYSE:LHX), Johnson & Johnson (NYSE:JNJ), Intercontinental Exchange (NYSE:ICE), Illinois Tool Works (NYSE:ITW), and Home Depot (NYSE:HD).
Cisco Systems has been performing well, reporting record quarterly revenue of approximately $17.3 billion, up 18% year over year, while non-GAAP earnings per share reached $1.22 and surpassed consensus estimates.