DoD tests AI models that make it easy to switch from vendors like Palantir
Deborah L. Stahlkopf, Executive Vice President and Chief Legal Officer at Cisco Systems, Inc. (NASDAQ:CSCO), recently sold shares of the company’s stock. According to a recent filing, Stahlkopf sold 2,856 shares on March 12 at a weighted average price of $60.71 per share, totaling approximately $173,393. This transaction was executed under a pre-arranged Rule 10b5-1 trading plan adopted in November 2024. The sale occurred as Cisco, a prominent player in the Communications Equipment industry with a market capitalization of $241 billion, trades near InvestingPro’s Fair Value estimate.
In addition to the sale, Stahlkopf also had a transaction on March 10 involving the withholding of 1,561 shares at $63.94 per share to cover tax liabilities related to the settlement of a restricted stock unit award and dividend equivalents. Following these transactions, Stahlkopf’s direct ownership stands at 195,774 shares. According to InvestingPro, Cisco maintains strong financial health with a ’GOOD’ overall score and has increased its dividend for 14 consecutive years, currently yielding 2.71%. For deeper insights into Cisco’s financial health and extensive metrics, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Cisco Systems Inc. reported revenues of $14.0 billion in its latest earnings release, slightly exceeding its guidance range. The company experienced an 11% organic growth in product orders, marking the highest since early 2022, with AI infrastructure orders reaching approximately $700 million in the first half of fiscal 2025. Cisco’s collaboration with NVIDIA (NASDAQ:NVDA) aims to simplify AI-ready data center networks by integrating Cisco’s networking software with NVIDIA’s Spectrum-X platform, which could open new market opportunities. Citi analysts have raised Cisco’s stock price target to $73, maintaining a Buy rating, citing the company’s AI growth prospects and its strategic partnership with NVIDIA. Meanwhile, UBS increased its price target for Cisco to $70, acknowledging strong product order growth but maintaining a Neutral rating due to potential tariff impacts on earnings. Cisco’s planned issuance of unsecured notes to reduce commercial paper debt received an ’AA-’ rating from S&P Global Ratings, aligning with the company’s existing credit ratings. Cisco has also updated its fiscal 2025 growth guidance, anticipating a 4.1% increase, although it expects a slight decrease in gross margins due to tariffs. The company’s proactive approach to potential tariffs, including a 25% tariff on Mexican imports and other considerations, indicates a cautious outlook for the upcoming quarters.
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