Jeetendra Patel, president and CPO of Cisco, sells $603k in stock

Jeetendra I. Patel, President and CPO of Cisco Systems, Inc. (NASDAQ:CSCO), a $264 billion market cap technology leader with a perfect Piotroski Score of 9 according to InvestingPro, sold 9,061 shares of common stock on August 15, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The sales, executed under a pre-arranged Rule 10b5-1 trading plan, fetched a total of $603437.

The transactions involved three separate sales. Patel sold 5,755 shares at a weighted average price of $66.2119, in a range of $65.91 to $66.89, for a total of $381,191. An additional 3,106 shares were sold at an average price of $67.2076, in a range of $66.91 to $67.73, for a total of $208,740. The final transaction involved 200 shares sold at an average price of $68.205, in a range of $68.03 to $68.38, for a total of $13,641. The stock currently trades near its InvestingPro Fair Value, with a healthy 2.46% dividend yield.

Following the sales, Patel directly owns 237,404.986 shares of Cisco Systems, Inc. common stock and indirectly owns 200 shares by trust. The company maintains strong financial health with a "GOOD" rating from InvestingPro, which offers 10+ additional exclusive insights and a comprehensive Pro Research Report for deeper analysis.

In other recent news, Cisco Systems Inc. reported its fiscal fourth-quarter earnings, exceeding Wall Street expectations with an earnings per share of $0.99 and revenue of $14.7 billion. These figures slightly surpassed forecasts of $0.98 per share and $14.62 billion in revenue. Following these results, Evercore ISI raised its price target for Cisco to $74, citing the company’s year-over-year revenue growth of approximately 8%, with its core networking segment growing by more than 12%. BofA Securities also increased its price target to $85, maintaining a Buy rating, due to Cisco’s revamped portfolio and the significant infrastructure cycle driven by AI and data growth.

Meanwhile, KeyBanc Capital Markets reiterated its Overweight rating with a $77 price target, highlighting the strong performance in Cisco’s Networking segment, which offset weaker results in the Security division. However, Piper Sandler lowered its price target to $64, maintaining a Neutral rating, as Cisco’s fiscal year 2026 guidance raised concerns about potential peak growth. Despite the mixed analyst perspectives, Cisco’s product order growth remains healthy at 7%, aligning with consensus estimates for 5% year-over-year growth in fiscal year 2026. These developments reflect varied analyst outlooks on Cisco’s future performance amidst its recent earnings announcement.

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