Allot Declines to Lowest in More Than Three Weeks on Iran Report
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Allot Communications Ltd. fell to the lowest level this month after Bloomberg News reported that the company’s gear was sold to Iran and a lawmaker called for an investigation.
The shares slumped 2.9 percent to 60.87 shekels, the equivalent of $16.10, at the 4:30 p.m. close in Tel Aviv, the lowest since Nov. 29. Allot dropped 5.6 percent to $15.75 in the U.S. on Dec. 23, extending the weekly decline to 8.1 percent.