Trump announces trade deal with EU following months of negotiations
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 $252 billion, sold 8,973 shares of the company’s common stock on February 20, 2025. The stock is currently trading near its 52-week high of $66.50, having gained approximately 28% over the past six months. The shares were sold at a weighted average price of $64.52, amounting to a total transaction value of approximately $578,957. This sale was conducted under a pre-established Rule 10b5-1 trading plan, which Thimaya adopted on March 15, 2024. Following the transaction, Thimaya holds 194,644 shares directly, including 1,458 dividend equivalents accrued on unvested restricted stock units. According to InvestingPro analysis, Cisco appears to be fairly valued at current levels, with the stock generally trading with low price volatility. For deeper insights into insider trading patterns and comprehensive financial analysis, including 10+ additional ProTips, explore the detailed Pro Research Report available on InvestingPro.
In other recent news, Cisco Systems Inc. reported revenues of $14.0 billion, slightly exceeding its guidance range. The company also experienced an 11% organic growth in product orders, excluding Splunk (NASDAQ:SPLK), marking a significant improvement. Cisco’s AI infrastructure orders reached $700 million in the first half of fiscal 2025, putting the company on track to surpass its $1 billion target for the year. Barclays (LON:BARC) noted a 29% year-over-year growth in total product orders, with robust demand from enterprise and telecommunications sectors.
UBS raised its revenue estimates for fiscal years 2025 and 2026, while also increasing the stock price target to $70, citing strong order momentum. Piper Sandler adjusted Cisco’s price target to $72, highlighting positive developments in AI initiatives and the integration of Splunk. Citi raised its price target to $71 and maintained a Buy rating, emphasizing the company’s strong core networking performance and AI business momentum. Barclays increased its price target to $61, maintaining an Equalweight rating, and pointed out the strong order growth and promising developments in Cisco’s AI and security offerings. These recent developments reflect Cisco’s strategic positioning in the market and its ongoing business transitions.
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