Cisco’s Tuszik sells shares worth $1.19 million

Oliver Tuszik, EVP of Global Sales at Cisco Systems, Inc. (NASDAQ:CSCO), a prominent $268 billion market cap player in the Communications Equipment industry, sold 17,526 shares of common stock on September 19, 2025, according to a Form 4 filing with the Securities and Exchange Commission. InvestingPro analysis shows the company maintains a perfect Piotroski Score of 9, indicating excellent financial strength.

The sales were executed in two transactions. The first involved 14,200 shares sold at a weighted average price of $67.837, with prices ranging from $67.21 to $68.20. The second transaction involved 3,326 shares sold at a weighted average price of $68.4167, with prices ranging from $68.21 to $68.92. The total value of shares sold amounts to $1.19 million.

These transactions were executed under a Rule 10b5-1 plan adopted on June 20, 2025. Following the transactions, Tuszik directly owns 198,854.62 shares of Cisco Systems, Inc.

In other recent news, Cisco announced enhancements to its Splunk Observability portfolio, introducing AI capabilities to aid organizations in monitoring IT environments and AI systems. The update includes AI Troubleshooting Agents and Event iQ, which aim to streamline incident analysis and reduce alert noise. Additionally, Cisco expanded its Secure AI Factory by integrating VAST Data’s InsightEngine with its AI PODs, designed to improve data extraction for AI applications. Cisco also collaborated with NTT DATA on a study emphasizing the importance of modern network infrastructure for AI implementation, with 78% of companies prioritizing networking capabilities.

In corporate governance developments, Cisco’s board approved amendments to its bylaws to address deficiencies in director nomination notices. Piper Sandler, meanwhile, adjusted its price target for Cisco to $64, maintaining a Neutral rating. This adjustment follows Cisco’s fourth-quarter results and fiscal year 2026 guidance, which did not meet bullish expectations. These recent developments reflect ongoing efforts by Cisco to enhance its AI capabilities and address governance and market expectations.

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