Bloomberg News

Allot Declines in Tel Aviv Following a Drop in U.S. Shares

February 12, 2012

Feb. 12 (Bloomberg) -- Allot Communications Ltd., the Israeli maker of high-speed networking equipment, declined the most in more than three months following a drop in the U.S.- traded shares last week while Tel Aviv markets were closed.

The shares tumbled 9.6 percent, the biggest intraday drop since Nov. 8, to 61 shekels, or the equivalent of $16.39, at 11:44 a.m. in Tel Aviv. The stock closed at $16.13 in New York on Feb. 10.

The Tel Aviv Stock Exchange opened for the first time since Feb. 7 today after a general strike that also shut also banks and government offices.

--Editors: Susan Lerner, Inal Ersan

To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at ssolomon22@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net


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