Maria Victoria Wong, who serves as Senior Vice President and Chief Accounting Officer at Cisco Systems, Inc. (NASDAQ: CSCO), carried out two reported sales of company stock in March 2026.
On March 11, 2026, Wong sold 551 shares of Cisco at a price of $77.54 per share, for a total value of $42,724. The day prior, on March 10, 2026, she disposed of 298.925 shares of Cisco common stock at $76.21 per share; that transaction, totaling $22781, was executed to meet the tax liability arising from the settlement of a restricted stock unit award.
Following these transactions, Wong's direct holding in Cisco stands at 27,956.743 shares. Both sales were carried out under a Rule 10b5-1 trading plan that Wong adopted on February 26, 2025.
Company results and analyst reactions
These insider sales coincided with Cisco's fiscal second-quarter 2026 results, which exceeded analyst expectations. Cisco reported adjusted earnings per share of $1.04, versus the $1.02 analysts had forecast. Revenue for the quarter came in at $15.3 billion, above the anticipated $15.11 billion.
Market responses to the quarterly performance were varied among large brokers. UBS raised its price target on Cisco to $95.00 from $90.00 and maintained a Buy rating, calling out the company's strong performance in AI and product orders. By contrast, Erste Group downgraded Cisco to Hold from Buy, pointing to concerns about the company's gross margin outlook despite the positive revenue guidance for fiscal year 2026 of approximately $61.5 billion. BofA Securities reiterated a Buy rating with a $95.00 price target, highlighting Cisco's strengths in AI and cloud. Bank of America additionally noted a shift in Cisco's customer base toward enterprise-agreement buying programs that consolidate software and services into unified contracts, a trend that the bank said supports adoption of security products.
These developments - the prearranged insider sales and the company's quarterly results with mixed analyst commentary - arrive during what the market is treating as a dynamic period for Cisco as it adjusts to evolving market conditions and customer purchasing preferences.
Summary
Maria Victoria Wong executed two Rule 10b5-1 plan sales in March 2026, including one to cover RSU-related taxes, and retains direct ownership of 27,956.743 Cisco shares. Cisco reported better-than-expected fiscal second-quarter results, and broker reactions ranged from an upgraded price target and reiterated Buy ratings to a downgrade driven by margin concerns.