Dollar edges higher ahead of Fed minutes; sterling gains after CPI increase
Cisco Systems (NASDAQ:CSCO) EVP and CFO Mark Patterson sold 7,230 shares of common stock on August 19, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a weighted average price of $66.984, for a total value of $484,294. Prices ranged from $66.54 to $67.47. The transaction comes as Cisco, with a market capitalization of $264 billion, maintains strong financial health according to InvestingPro data, boasting a perfect Piotroski Score of 9 and consistent dividend growth for 15 consecutive years.
Following the transaction, Patterson directly owns 157,868.086 shares of Cisco Systems.
The sale was executed under a Rule 10b5-1 trading plan adopted on December 11, 2024.
In other recent news, Cisco Systems Inc. reported its fiscal fourth-quarter earnings, surpassing Wall Street expectations with an earnings per share of $0.99 and revenue of $14.7 billion, slightly above the anticipated $14.62 billion. Despite this positive earnings surprise, analysts have mixed views on the company’s future performance. Piper Sandler adjusted its price target for Cisco to $64 from $70, maintaining a Neutral rating due to a modest growth outlook and fiscal year 2026 guidance that fell short of bullish expectations. In contrast, KeyBanc Capital Markets reiterated an Overweight rating with a $77 price target, highlighting robust performance in Cisco’s Networking segment and healthy product order growth. Evercore ISI also raised its price target to $74 from $72, noting the company’s overall revenue growth of approximately 8% year-over-year. BofA Securities took a more optimistic stance, increasing its price target to $85 from $76, citing Cisco’s revamped portfolio and a significant infrastructure cycle driven by AI and data growth. These recent developments reflect a range of perspectives on Cisco’s potential trajectory in the coming years.
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