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Cisco CEO Charles Robbins sold $1.9M worth of company stock despite recent strong earnings.
Cisco Systems CEO Charles Robbins sold nearly 30,000 shares of the company’s stock, valued at about $1.9 million, reducing his ownership by 4.15%.
The company recently reported strong earnings, beating analyst estimates with $0.96 earnings per share and revenue of $14.15 billion, up 11.4% year-over-year.
Cisco Systems has a market cap of $261.60 billion and an average stock rating of “Moderate Buy” with a target price of $68.00.
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El director ejecutivo de Cisco, Charles Robbins, vendió 1.9 millones de dólares en acciones de la compañía a pesar de las fuertes ganancias recientes.