Despite what clueless Chucks tried to sell analysts, a significant portion of the company's revenue still comes from one-time hardware installations together with lousy annual performance guidance resulting in lukewarm investor response which is now driving stock back down
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It’s on the Cisco investor site, people. SEC filings…
https://investor.cisco.com/financial-information/sec-filings/default.aspx
Yes, there is no trading available during a blackout, but execs aren’t allowed to trade normally anyway, so they put their sale requests into a process and it’s executed automatically at a later time and goes to the SEC in a report.
@erd+1vuKbFoh Not possible during the blackout
Back up over 59, will go north of 60 today
One of the reasons why CSCO is down almost $3 in pre-open is because boatload of shares offloaded by the ELT yesterday (for $58.06 each).
Chuck sold over $8m worth.
Looking at the chart the only point the stock was at $58.06 was for a moment between 17:30 and 17:40 EST/US which is the granularity of the chart I'm reading. That seems an odd time for an automatic trade. With the rules on insider trading showing this to be outside the "window period" for trading it seems unlikely it was an approved one time trade.
Please provide more information on these trades because nothing is coming up on the Google machine.
One of the reasons why CSCO is down almost $3 in pre-open is because boatload of shares offloaded by the ELT yesterday (for $58.06 each).
Chuck sold over $8m worth.
Clueless Chuck Robbins Messes Up Earnings Call AGAIN
Oh please CEO in waiting, tell us how you would have sold it to the markets resulting in massive stock gains given the financial numbers Cisco has to work with?
Still just a declining legacy HW peddler regardless of the BS Chuck's spits out
Analysts were counting on Chuck announcing he was fired which is causing the selloff