Allot Communications Ltd. rose to a seven-week high in New York on speculation an order from India’s Tata Communications Ltd. will spur further emerging-market sales for the Israeli technology company.
ClickSoftware Technologies Ltd., the maker of order-tracking programs, is posting the best returns among the largest Israeli companies traded in New York after adjusting for price volatility as its customers seek to retain clients by investing in better service.
Israeli stocks traded in New York fell, sending the benchmark index on track to its first monthly retreat since May, as the global slowdown propelled Nice Systems Ltd. and Ceragon Networks Ltd. to cut their outlooks.
Nice Systems Ltd. headed for its highest close in more than four years after the Israeli maker of analytical telecommunications software reported “record” sales as demand for Internet security applications rose.
EZchip Semiconductor Ltd. surged to the highest on record as it closed the gap with U.S.-traded shares after the Tel Aviv Stock Exchange opened for the first time since Feb. 7 following a general strike.
Allot Communications Ltd. rallied to a record after the Israeli maker of high-speed networking equipment said it was buying Ortiva Wireless Inc. and as the company’s first-quarter profit and sales beat estimates.