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

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

July 1 (Bloomberg) -- Allot Communications Ltd. 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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