EZchip Semiconductor Ltd., the worst-performing stock among Israeli companies traded in New York over the past month, is poised to extend declines as competition grows, according to Chardan Capital Markets LLC.
Trading volumes on EZchip Semiconductor Ltd., Israel’s second-largest chipmaker, jumped to more than 40 times its 90-day average after Cisco Systems Inc. became the fourth customer to announce development of in-house processors.
Allot Communications Ltd. fell in New York to trade at the biggest discount to its Tel Aviv shares in three weeks on concern delays in securing contracts and an acquisition announced yesterday will erode earnings.
Spreadtrum Communications Inc., a Chinese mobile-phone chipmaker, tumbled to an eight-month low in New York after Chardan Capital Markets recommended buying shares of competitor RDA Microelectronics Inc.
Perion Network Ltd. rallied to a one-month high in New York as the Israeli maker of Internet tools affirmed a record sales forecast six weeks after Google Inc. limited use of its search engine in the company’s products.