Cisco Executives Sell Shares Amid AI Rally

Cisco Systems, Inc. (NASDAQ: CSCO) has disclosed that several of its top executives sold company stock in May under pre-established Rule 10b5-1 trading plans. President and Chief Product Officer Jaitundra Patel sold shares in multiple transactions on May 15 at prices between $115 and $118 per share, netting roughly $1.2 million (about KRW 1.5 billion). Following these sales, Patel still holds more than 240,000 shares.

CEO Charles Robbins carried out three open-market sales on May 22, disposing of approximately 21,400 shares and raising about $2.55 million (around KRW 3.3 billion). According to the filing, Robbins continues to own over 600,000 shares, indicating he has only liquidated a portion of his stake.

Oliver Tsushiki, Vice President of Global Sales, also sold roughly 2,000 shares on May 15, generating about $310,000 (approximately KRW 400 million). After the transaction, Tsushiki maintains a position of several hundred thousand shares.

In early June at its annual Cisco Live event, Cisco unveiled “Cisco Cloud Control,” an integrated platform designed to let people and AI agents jointly operate IT infrastructure by combining networking, security, observability and collaboration capabilities.

On May 13, Cisco reported third-quarter results for fiscal 2026, with revenue of $15.8 billion and double-digit profit growth. Citing strong AI‐infrastructure demand, the company raised its full-year revenue and AI-related order forecasts while also announcing a restructuring plan—including roughly 4,000 job cuts—to reallocate investments.

Founded in California in 1984, Cisco grew around switching and routing hardware, security solutions and collaboration tools. It now targets AI data-center networking, security and observability as its core growth pillars. Since becoming CEO in 2015, Charles Robbins has increased the portion of subscription and software revenue and has emphasized that surging AI demand is driving the telecommunications and cloud sectors into what he calls a “networking supercycle.”