Cisco CEO John Chambers sells 2.2 million shares of his Cisco stock 5 days after announcing Cisco was back to record profits

The day after the Saints won Super Bowl XLIV, John Chambers cashed in 2.2 million of his Cisco shares.

During Cisco's F2Q10 earnings call last week, Cisco CEO John Chambers bragged:

"We're back to record profits."

The next day I blogged about Cisco's F2Q10 accounts receivable issue:

"Year over year (YOY), Cisco's accounts receivable soared by $1.344 billion, an increase that was a whopping $618 million more than Cisco's net sales increase, which was just a mere $726 million."

Fast-forward another 4 days and John Chambers sells 43% of his Cisco stock:

How did I arrive at the figure of 43%?

Well, I used the share amounts in Column 5 - Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) that were Directly owned by John Chambers (Column 6):

Source: U.S. Securities and Exchange Commission

Related story:

Insider Buying and Selling Trends Remain Negative

"Insiders sold a whopping $815.7MM while buying just 15.6MM for the week ending February 12th."

John Chambers sold the 2nd largest number of insider shares, only Bill Gates sold more.

The difference between the insider stock sales of John Chambers and Bill Gates?

View insider stock selling chart

Well, Chambers sold a whopping 43% of his stock and Gates only sold 1% of his stock!

Why do you think John Chambers sold 43% of his Cisco stock just a mere 5 days after announcing Cisco was back to record profits?

BradReese.Com Cisco Refurbished - Enabling Affordable Cisco Networks

Check with us, when you have failed Cisco equipment. We repair Cisco at the component level.

Contact: Brad Reese

1. 61 CCIEs dropped out of Cisco's highly coveted cert program over the last 30 days
2. Cisco IP phones praised in email to then Alaska Governor Sarah Palin and First Dude, Todd Palin
3. New markets for Cisco not generating revenue, Chambers says
4. Cisco's F2Q10 accounts receivable soar $1.34 billion year over year!
5. Cisco joins growing laundry list of entities paying Melissa Hathaway to be senior security advisor
6. Turmoil at Vyatta as Cisco prepares to announce its Q2FY10 earnings?
7. Brocade BCNE most valuable cert on earth
8. Pineapple ratings get dished out to Cisco blogs that rock for 2010
9. Avian Securities reiterates its negative opinion about Juniper Networks
10. Riverbed expected to maintain its WAN optimization market share
11. Cisco appears to have missed the newest market transition: Don't be evil
12. Cyber attacks: Cisco appears to embrace China while Google fights China
13. Cisco CCIE R&S count plummets -110
14. Will Cisco gear become search engine toll collectors?
15. Terry Eger was the Cisco executive who hired John Chambers
16. How to absolutely guarantee QoS with network traffic
17. John Chambers: Big is back... Cisco is the example
18. Harvard Business Review: John Chambers trumps Steve Jobs in market cap change
19. According to a Cisco CTO, the $43B network plans of a large Cisco customer not in best national interest of Australia
20. View Brad Reese on Cisco Story Archives

• Cisco
• LANs / WANs
• Cisco CEO John Chambers bragged
• During Cisco's F2Q10 earnings call last week
• I blogged about Cisco's F2Q10 accounts receivable issue
• John Chambers sold 2.2 million of his 5 million Cisco shares