Cisco Executives Sell Shares Amid Strong Performance and AI-Driven Growth

Cisco's SVP Maria Victoria Wong sells $34,392 in stock By Investing.com

Maria Victoria Wong, Senior Vice President and Chief Accounting Officer at Cisco Systems, Inc. (NASDAQ:CSCO), recently executed a stock transaction involving the sale of 586 shares. The shares were sold at an average price of $58.69 each, totaling approximately $34,392. The transaction comes as Cisco, currently valued at $234.58 billion, trades near its 52-week high, having gained over 31% in the past six months. According to InvestingPro analysis, the stock currently shows signs of being slightly overvalued. This sale was conducted under a pre-existing Rule 10b5-1 trading plan, which was established earlier this year on February 22, 2024. In addition to the sale, Wong also had 578 shares withheld at a price of $58.95 per share to cover tax liabilities related to the partial settlement of restricted stock units. Following these transactions, Wong now holds 50,767 shares of Cisco's common stock. In other recent news, Cisco Systems, Inc. has been making significant strides in its operations. The company reported robust Q1 FY2025 performance, with revenues reaching $13.8 billion and non-GAAP earnings per share (EPS) of $0.91, exceeding expectations. Cisco's focus on artificial intelligence (AI) infrastructure and security has seen a significant demand surge, leading to more than a doubling of security orders and a 20% year-over-year increase in product orders. However, it wasn't all smooth sailing as the company experienced a 23% decline in networking revenue and a 9% decline in product revenue. Despite these challenges, Cisco is projecting revenue between $55.3 billion and $56.3 billion for FY2025, with non-GAAP EPS expected between $3.60 and $3.66. The company's strategic investments in AI and networking, along with its integration of Splunk (NASDAQ:SPLK), are anticipated to bolster its market position. In other developments, shareholders of Cisco Systems recently voted on several key proposals. They elected nine members to the board of directors and approved executive compensation on an advisory basis. Additionally, the appointment of PricewaterhouseCoopers LLP as Cisco's independent registered public accounting firm for the fiscal year ending July 26, 2025, was ratified with an overwhelming majority. These are recent developments for Cisco, which continues to navigate through macroeconomic challenges while maintaining optimism about achieving mid-single-digit growth in the long term.

Cisco's chief legal officer sells $157,507 in stock By Investing.com

Deborah L. Stahlkopf, Executive Vice President and Chief Legal Officer at Cisco Systems, Inc. (NASDAQ:CSCO), recently sold 2,660 shares of the company's common stock. The transaction comes as Cisco, with its $234.58B market capitalization, trades near its 52-week high of $60.23, demonstrating strong momentum with a 31% return over the past six months. The shares were sold on December 12 at a weighted average price of $59.2132 per share, totaling approximately $157,507. This transaction was executed under a previously established Rule 10b5-1 trading plan. In a related transaction on December 10, Stahlkopf disposed of 1,728 shares at a price of $58.95 each, representing shares withheld to cover tax liabilities from a restricted stock unit award. Following these transactions, Stahlkopf holds 214,712 shares of Cisco common stock. In other recent news, Cisco Systems reported significant developments. The company's Q1 FY2025 performance was robust, with revenues reaching $13.8 billion and non-GAAP earnings per share (EPS) of $0.91, surpassing expectations. Despite a 23% decline in networking revenue and a 9% decline in product revenue, Cisco's focus on artificial intelligence (AI) infrastructure and security witnessed substantial demand, leading to a more than doubling of security orders and a 20% year-over-year increase in product orders. In addition to financial performance, Cisco's shareholders elected nine members to the Board of Directors and approved executive compensation in the recent annual meeting. Furthermore, PricewaterhouseCoopers LLP was ratified as Cisco's independent registered public accounting firm for the fiscal year ending July 26, 2025. Analysts have revised their earnings upwards for the upcoming period, according to InvestingPro analysis. For FY2025, Cisco anticipates revenue between $55.3 billion and $56.3 billion, with non-GAAP EPS expected between $3.60 and $3.66. These recent developments reflect the company's strategic investments in AI and networking, its integration of Splunk (NASDAQ:SPLK), and its ability to navigate macroeconomic challenges while maintaining optimism about long-term growth.