Bloomberg News

Allot Rises Most in Month, Closing Gap With U.S. Stock

July 01, 2012

(Corrects to say closed the gap instead of narrowing in first paragraph)

Allot Communications Ltd. (ALLT:US) surged the most in more than a month in Tel Aviv, closing the gap with the U.S.-traded stock of the Israeli maker of high-speed networking equipment.

The shares of the Hod Hasharon, Israel-based company advanced 5.8 percent, the biggest intraday rise since May 30, to 110 shekels, or the equivalent of $28.13, at 12:26 p.m. in Tel Aviv. The stock surged 9.3 percent to close at $27.86 in New York on June 29, capping the longest string of advances since September 2010.

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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Companies Mentioned

  • ALLT
    (Allot Communications Ltd)
    • $10.11 USD
    • 0.13
    • 1.29%
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