Courtesy of Benzinga.
A report from Disclosure Insight reiterates its Medium Risk Negative Bias rating on Cisco Systems (NASDAQ: CSCO).
The report states, “Risk of undisclosed SEC activity; one-time items; acquisition activity; and the CEO and chairman positions being held by one person support our opinion of Medium Risk -Negative Bias rating for CSCO. Responses we received from the SEC to Freedom of Information Act requests have indicated the risk of undisclosed SEC investigative activity from 30-Sep-09 to the most recent response dated 31-Oct-11.”
CSCO closed yesterday at $18.53.
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