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.
A divided U.S. Supreme Court ruled for the first time that criminal defendants have a constitutional right to a competent lawyer when they are offered a chance to plead guilty to get a reduced sentence.
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.
Allot Communications Ltd., Israel’s biggest maker of high-speed networking equipment, jumped to a two-month high in New York yesterday, limiting losses in the country’s stocks traded in the U.S., after signing a contract.
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.
Ormat Technologies Ltd., the Reno, Nevada-based unit of an Israeli power plant developer, rose the most in two months in New York on speculation a new building contract will boost earnings per share by the end of 2013.
Alvarion Ltd. tumbled the most in more than 17 months as analysts downgraded the maker of wireless telecommunications systems after it reported a first-quarter loss and provided an outlook for the current quarter.
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.