Cisco Systems Inc (NASDAQ: CSCO) Executives are Making Moves with Their Shares

By Carrie Williams

Yesterday, a Director at Cisco Systems Inc (CSCOResearch Report), Steven M. West, sold shares of CSCO for $1.12M.

Following Steven M. West’s last CSCO Sell transaction on December 14, 2018, the stock climbed by 9.6%. In addition to Steven M. West, one other CSCO executive reported Sell trades in the last month.

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Based on Cisco Systems Inc’s latest earnings report for the quarter ending April 30, the company posted quarterly revenue of $12.96 billion and quarterly net profit of $3.04 billion. In comparison, last year the company earned revenue of $12.46 billion and had a net profit of $2.69 billion. Currently, Cisco Systems Inc has an average volume of 22.53M. CSCO’s market cap is $242.3B and the company has a P/E ratio of 18.88.

Based on 18 analyst ratings, the analyst consensus is Strong Buy with an average price target of $59.25, reflecting a 8.2% upside.

In the last 30 days, insiders have sold $1.12M worth of CSCO shares and purchased $557.4K worth of CSCO shares. The insider sentiment on Cisco Systems Inc has been positive according to 83 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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