Allot Drops Most in Three Weeks, Narrows Gap With U.S. Shares

Allot Communications Ltd. (ALLT) dropped the most in three weeks in Tel Aviv, narrowing 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 dropped 4.6 percent, the biggest intraday decline since June 3, to 104.9 shekels, or the equivalent of $26.89, at 12:46 p.m. in Tel Aviv. The stock closed at $26.78 in New York on June 22.

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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