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Israeli tech cos enjoyed positive Q1 on Nasdaq

Israeli tech cos enjoyed positive Q1 on Nasdaq

When the Nasdaq index rose 16.8%, a lot of Israeli businesses far outperformed that rise.

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Most of the Israeli tech companies shares traded on Wall Street posted strong gains in the initially quarter of 2023. Whilst the Nasdaq index rose 16.8%, lots of Israeli companies far outperformed that rise. Adtech corporation Perion Network (Nasdaq: PERI) rose 56.4% in the to start with quarter and e-commerce enterprise World-wide-E (Nasdaq: GLBE) rose by a identical percentage. Other shares that done nicely in the very first quarter bundled metrology providers Camtek (Nasdaq: CAMT), and Nova (Nasdaq: NVMI), site building corporation Wix.com (Nasdaq: WIX) and mobile gaming business Playtika (Nasdaq: PLTK).

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There has been a takeover struggle involving two Israeli 3D printing firms with Nano Dimension (Nasdaq: NNDM) bidding to acquire Stratasys (Nasdaq: SSYS). Both of those companies’ stocks fared properly in the very first quarter increasing 25.7% and 39.4% respectively.

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However, some twin traded corporations experienced a disappointing quarter in phrases of share general performance. LivePerson (Nasdaq: LPSN TASE: LPSN) has misplaced 56.5% because the commence of the 12 months. Allot Communications (Nasdaq: ALLT TASE: ALLT) and AudioCodes (Nasdaq: AUDC TASE: AUDC) fell 21.8% and 15.7% respectively in the to start with quarter.

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Whilst Nasdaq rose strongly, the Tel Aviv 35 Index fell 3.2% in the initially quarter of 2023, in part because of to considerations about the government’s prepared judicial overhaul.

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Printed by Globes, Israel enterprise news – en.globes.co.il – on April 2, 2023.

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© Copyright of Globes Publisher Itonut (1983) Ltd., 2023.

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Playtika Nasdaq IPO

Playtika Nasdaq IPO