Niku Plunges 32.9% on Loss, Downgrade
Niku
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, an Internet software company, was down 32.9% in late morning. After the close Monday, the company posted a fourth-quarter loss of 23 cents, beating the Street's estimate by 1 cent. The company also said its CFO resigned.
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downgraded the stock to market outperform from its Recommended List.
