Israeli tech cos enjoyed positive Q1 on Nasdaq

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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