Insider Sell: EVP & Chief Customer & Partner Officer Jeffery Sharritts Sells 2,666 ...
Cisco Systems Inc (NASDAQ:CSCO), a multinational technology conglomerate headquartered in San Jose, California, specializes in networking hardware, software, telecommunications equipment, and other high-technology services and products. The company is known for its diverse array of offerings that include routing and switching products that direct data, voice, and video traffic across networks around the world.According to a recent SEC filing, Jeffery Sharritts, the Executive Vice President & Chief Customer & Partner Officer of Cisco Systems Inc, sold 2,666 shares of the company on March 14, 2024. The transaction was executed at an average price of $50.02 per share, resulting in a total value of $133,353.32.Over the past year, the insider has sold a total of 89,163 shares of Cisco Systems Inc and has not made any purchases of the stock. This latest transaction continues a trend of insider sales at the company, with a total of 39 insider sells and no insider buys occurring over the same timeframe.
The market capitalization of Cisco Systems Inc stands at $201.71 billion as of the date of the insider's recent sale. The stock's price-earnings ratio is 15.13, which is below the industry median of 23.275 and also below the company's historical median price-earnings ratio. This valuation metric suggests that the stock is trading at a lower multiple compared to its peers and its own historical standards.Regarding the stock's intrinsic value, Cisco Systems Inc has a GuruFocus Value (GF Value) of $53.76, with the stock trading at a price-to-GF-Value ratio of 0.93 on the day of the sale. This indicates that the stock is Fairly Valued in relation to its GF Value.
The GF Value is determined by considering historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates provided by Morningstar analysts.The insider's recent sale may provide investors with an indication of their perspective on the stock's current valuation and future prospects. However, investors should also consider the broader context of the company's performance, market conditions, and other factors when making investment decisions.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
