Patel Jeetendra I, an insider at Cisco Systems Inc (CSCO), sold 392,104 shares at a price of $77.37 per share, totaling $30.34 million on November 13, 2025. Following this transaction, Patel retains 392,104 shares in the company.
Cisco Systems, headquartered in San Jose, California, operates in the communications industry and employs 86,200 full-time staff. The company designs, manufactures, and sells Internet Protocol-based networking products and services. Its core offerings encompass networking technologies, security solutions, collaboration tools, and observability products.
As of November 20, 2025, Cisco has a market capitalization of $298.1 billion and a P/E ratio of 28.86. The company reported an EPS of 2.59 and a dividend yield of 209.2%. Upcoming earnings are scheduled for August 11, 2026, with an estimated EPS of $1.09 and revenue of $15.9 billion.
Insider sales can occur for various reasons, such as diversification or personal financial needs. While this sale may prompt investor attention, it is important to consider it within a broader context of insider activity and company fundamentals.