This article at Seeking Alpha shows that John Chambers sold more than 30% his Cisco shares last month and is just one of 8 other executives who sold significant numbers of shares in the last month.
9 insiders sold Cisco stock within one month.
The stock was not purchased by any insiders in the month of intensive selling.
6 of these 9 insiders decreased their holdings by more than 10%.
This will, no doubt, fuel the rumour mill about his retirement from Cisco.
In addition, the article points out that no executives at Cisco have bought shares in the company for more than 18 months. Combined with other criticism about the generosity of Cisco stock gifts, it would suggest that executives are getting so many shares they never need to buy any, or that Cisco shares are not worth buying. Can’t decide which.
The two main reasons for the proposed short entry are negative revenue growth, and the intensive insider-selling activity.