Allot Communications Ltd. tumbled the most in New York since 2007 as Oppenheimer & Co. said the Israeli developer of products to track wireless traffic will report fourth-quarter sales and profit below average estimates.
Research In Motion Ltd. fell after replacing co-Chief Executive Officers Jim Balsillie and Mike Lazaridis with an insider who said he sees no need for radical change as the company struggles to compete with Apple Inc.
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.
Apple Inc. may not release the next model of its iPhone until late September or October, which would lead to slower September sales, said Oppenheimer & Co. analyst Ittai Kidron as he cut his price target on the company.
Protalix BioTherapeutics Inc. fell the most in 10 weeks in New York as the Israeli company’s bid to raise $24 million selling shares sparked speculation they’re not expecting to win approval for a Gaucher disease treatment.
Mellanox Technologies Ltd., the Israeli adapter maker that reported record 2011 sales, said it’s ready to take on Intel Corp. in the business of data transfer after the world’s largest chipmaker became its biggest rival.