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Subaiya Thimaya, Executive Vice President of Operations at Cisco Systems, Inc. (NASDAQ:CSCO), a prominent player in the Communications Equipment industry with a market capitalization of $241 billion, recently sold shares of the company’s common stock valued at approximately $125,343. The sale, executed on March 12, 2025, involved 2,065 shares at a weighted average price of $60.70 per share, with individual transaction prices ranging from $60.33 to $61.02. This transaction was conducted under a Rule 10b5-1 plan adopted in March 2024. According to InvestingPro, Cisco stock has demonstrated low price volatility and has delivered a strong 24.6% return over the past year.
In addition to the sale, on March 10, 2025, Thimaya had 1,395 shares withheld at a price of $63.94 per share to cover tax liabilities related to restricted stock unit awards. Following these transactions, Thimaya holds 191,184 shares of Cisco common stock. The company maintains a solid dividend track record, having raised its dividend for 14 consecutive years. InvestingPro analysis suggests the stock is currently trading near its Fair Value, with additional insights available in the comprehensive Pro Research Report.
In other recent news, Cisco Systems Inc. reported revenues of $14.0 billion, exceeding its guidance range, with a notable 11% organic growth in product orders, excluding Splunk (NASDAQ:SPLK). The company secured over $350 million in AI infrastructure orders during the quarter, contributing to approximately $700 million in orders for the first half of fiscal 2025. This positions Cisco to potentially surpass its target of $1 billion in AI orders for the year. Meanwhile, CoreWeave is considering an initial public offering in the U.S., targeting a valuation of over $35 billion and aiming to raise approximately $4 billion. Citi analysts have raised Cisco’s stock price target to $73, maintaining a Buy rating, reflecting confidence in Cisco’s AI growth prospects and its collaboration with Nvidia (NASDAQ:NVDA). UBS also increased Cisco’s price target to $70, citing strong product order growth and AI order performance, though maintaining a Neutral rating due to potential tariff impacts. Cisco’s partnership with NVIDIA aims to simplify AI-ready data center networks, integrating Cisco’s networking software with NVIDIA’s Spectrum-X platform. Additionally, S&P Global Ratings assigned an ’AA-’ rating to Cisco’s proposed unsecured notes, aligning with its existing credit rating, as the company plans to reduce its commercial paper.
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