July 24, 2012 at 4:03 pm–Worried about putting all your investments in one Asian basket? Israel is one of the economic success stories of the Middle East. Here are five technology stocks investors should keep an eye on.
CELLCOM ISRAEL LTD (CEL, quote): This company disrupted the Israeli cell phone market when it began offering services in 1994. Today it is Israel’s leading cellular provider. It has over 3 million subscribers. The company is profitable and issues regular dividends. CEL is one of the more stable technology stocks with a beta of 0.74.
FORMULA SYSTEMS (FORTY, quote): Formula Systems is a global information technology solutions and services company. It provides software consulting and business solutions in over 50 countries.
Appearances can be deceptive, though. Formula Systems is based in Israel, but the Polish software company Asseco is a majority owner. FORTY has also seen its price slip nearly five percent in 2012.
MELLANOX TECHNOLOGIES (MLNX, quote): Mellanox Techologies is one of the strongest Israeli technology stocks. It dominates the market for Infiniband, a critical technology for supercomputers. Its stock price has nearly tripled since the beginning of the year. If Mellanox can keep its growth going, it could become a major global company…Read More>>