ClickSoftware Technologies Ltd. led gains on the Bloomberg Israel-US 25 Index of the largest New York-traded Israeli companies after the software maker boosted its revenue forecast, while AudioCodes Ltd. sank the most in a decade following a cut to its sales outlook.
ClickSoftware Technologies Ltd., the Israeli developer whose largest investor is George Soros’s fund, jumped the most in a decade in New York after reporting preliminary fourth-quarter revenue that beat analyst estimates.
After Cisco Systems Inc. paid the highest multiple since 2002 for Sourcefire Inc., investors are betting other Internet security providers such as Fortinet Inc. can also win premium valuations in a sale.
VeriSign Inc., the main manager of the Internet-address database, plunged the most in a month after a new contract letting the company continue to control Web sites ending in .com limited price increases.
Check Point Software Technologies Ltd., the world’s second-largest maker of network security gear, posted the biggest gain in almost two months after Palo Alto Networks Inc.’s revenue outlook beat estimates.
Options traders are boosting bets by the most since 2004 that Check Point Software Technologies Ltd. will extend its New York drop after the world’s second- largest maker of network security gear reported slower revenue growth.
Nice Systems Ltd., an Israeli maker of analytical telecommunications software, climbed in New York to widen the premium over its Tel Aviv shares to the biggest in two months after company officials met with investors in Europe.