Today, a Director at Cisco (CSCO), Steven M. West, sold shares of CSCO for $1.2M.
Following Steven M. West’s last CSCO Sell transaction on February 24, 2017, the stock climbed by 15.0%. In addition to Steven M. West, one other CSCO executive reported Sell trades in the last month.
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Based on Cisco’s latest earnings report for the quarter ending October 31, the company posted quarterly revenue of $13.07 billion and quarterly net profit of $3.55 billion. In comparison, last year the company earned revenue of $12.14 billion and had a net profit of $2.39 billion. Currently, Cisco has an average volume of 27.36M. CSCO’s market cap is $214.4B and the company has a P/E ratio of 131.86.
Based on 17 analyst ratings, the analyst consensus is Strong Buy with an average price target of $52.80, reflecting a 15.2% upside.
The insider sentiment on Cisco has been negative according to 66 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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