Israel Stocks: Allot Communications, Babylon, EZchip and Perrigo

Israel’s TA-25 index retreated for the second time this week, losing 0.2 percent to 1,145.33 at the 4:30 p.m. close in Tel Aviv. Investors traded about 1 billion shekels ($263 million) of shares and convertible securities, according to bourse data.

The following stocks rose or fell today. Symbols are in parentheses.

Allot Communications Ltd. (ALLT) tumbled 5.5 percent, the biggest drop since Feb. 12, to 90.88 shekels, or the equivalent of $23.87. The shares of the Hod Hasharon, Israel- based maker of high-speed networking equipment declined 6.7 percent to $23.70 in New York yesterday.

Babylon Ltd. (BBYL) surged 8.9 percent to 27.49 shekels, the highest level since February 2007, when the shares were first listed on the Tel-Aviv Stock Exchange. The maker of translation and dictionary software said first-quarter profit and revenue more than tripled.

EZchip Semiconductor Ltd. (EZCH) gained 5.1 percent, the most since Feb. 12, to 153.40 shekels, or the equivalent of $40.30. The shares of the Yokneam, Israel-based company rose 5.2 percent to $39.86 in New York yesterday.

Perrigo Co. (PRGO) declined the most since Feb. 12, retreating 4.4 percent to 378 shekels. The largest U.S. maker of generic over-the-counter drugs cut its 2012 revenue-growth range to 15 percent to 18 percent from 17 percent to 20 percent.

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

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.