Transaction details
Oliver Tuszik, executive vice president for global sales at Cisco Systems, sold 3,132 shares of company stock on March 18, 2026, at a per-share price of $79.74, yielding a total transaction value of $249,745. The disposition was made under a Rule 10b5-1 trading plan that Tuszik adopted on December 17, 2025.
Following the sale, Tuszik's direct holdings in Cisco amount to 188,612.992 shares. That total includes 1,221.059 dividend equivalents accrued on unvested restricted stock units.
Company results and analyst reactions
Cisco reported fiscal second-quarter 2026 adjusted earnings per share of $1.04, ahead of a $1.02 analyst forecast, and revenue of $15.3 billion, compared with expectations of $15.11 billion. The company’s results have prompted a range of responses from sell-side firms.
UBS raised its price target on Cisco to $95 from $90 and kept a Buy rating, citing strong performance in key metrics, including AI and product orders. By contrast, Erste Group downgraded the stock to Hold from Buy, pointing to concerns about the company’s gross margin outlook despite forecasting roughly $61.5 billion in sales for fiscal 2026. BofA Securities maintained its Buy recommendation with a $95 price target, noting strengths in AI and cloud and highlighting a customer shift toward enterprise-agreement buying programs that consolidate software and services into unified contracts - a trend the firm said is supporting adoption of Cisco’s security products.
Context and considerations
The insider sale was processed under a pre-existing Rule 10b5-1 plan, and Tuszik retains a substantial direct equity stake in the company following the transaction. At the same time, Cisco’s quarter beat on both adjusted EPS and revenue versus the cited analyst expectations, and broker-dealer reactions have been mixed, reflecting differing assessments of margin trends and the company’s sales mix.
Key takeaway
The combination of an executive stock sale, an earnings beat, and divergent analyst commentary underscores a period of active investor scrutiny for Cisco as it reports results and adjusts to evolving customer procurement patterns.