ShoreTel, Inc. is a provider of business communication solutions. The Company is engaged in the design, development, marketing and sale of business communication solutions. The Company is focused on the small and medium sized businesses seeking a unified communications (UC) solution allowing them to communicate anytime, anyplace and through any device they chose. The Company provides this to the market through two solutions: ShoreTel Connect, its UC solution, and Contact Center offering and ShoreTel Summit, its platform for developers and integrators. ShoreTel Connect delivers a featured UC solution and applications, such as mobility, collaboration and workgroups. ShoreTel Connect offers three different delivery models, including cloud, onsite and hybrid. Connect Cloud provides a hosted voice solution to its customers. Connect OnSite provides its customers the ability to own and operate their equipment. Connect Hybrid enables its customers to use both its cloud and onsite offerings.
Industry, Sector and Symbol:
- Sector: Computer and Technology
- Industry: VOIP Equipment & Systems
- Sub-Industry: Communications Equipment
- Symbol: NASDAQ:SHOR
- CUSIP: 82521110
- Web: www.shoretel.com
Capitalization:- Market Cap: $511.63 million
- Outstanding Shares: 68,517,000
Average Prices:- 50 Day Moving Avg: $6.60
- 200 Day Moving Avg: $6.36
- 52 Week Range: $5.55 - $8.50
P/E:- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: Infinity
- P/E Growth: 3.31
Sales & Book Value:- Annual Revenue: $357.76 million
- Price / Sales: 1.43
- Book Value: $2.95 per share
- Price / Book: 2.53
Profitability:- EBIDTA: $13.43 million
- Net Margins: -3.48%
- Return on Equity: -0.67%
- Return on Assets: -0.41%
Debt:- Current Ratio: 1.51%
- Quick Ratio: 1.38%
Misc:- Average Volume: 1.22 million shs.
- Beta: 1.35
- Short Ratio: 2.98
Frequently Asked Questions for ShoreTel (NASDAQ:SHOR)
What is ShoreTel's stock symbol?
ShoreTel trades on the NASDAQ under the ticker symbol "SHOR."
How were ShoreTel's earnings last quarter?
ShoreTel, Inc. (NASDAQ:SHOR) released its quarterly earnings data on Wednesday, August, 2nd. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.02 by $0.04. The company earned $95.72 million during the quarter, compared to the consensus estimate of $90.69 million. ShoreTel had a negative return on equity of 0.67% and a negative net margin of 3.48%. View ShoreTel's Earnings History.
When will ShoreTel make its next earnings announcement?
Where is ShoreTel's stock going? Where will ShoreTel's stock price be in 2017?
5 analysts have issued twelve-month price targets for ShoreTel's shares. Their predictions range from $7.50 to $7.50. On average, they anticipate ShoreTel's stock price to reach $7.50 in the next twelve months. View Analyst Ratings for ShoreTel.
Are investors shorting ShoreTel?
ShoreTel saw a decline in short interest during the month of July. As of July 31st, there was short interest totalling 811,697 shares, a decline of 26.5% from the July 14th total of 1,103,897 shares. Based on an average trading volume of 4,505,206 shares, the short-interest ratio is presently 0.2 days. Approximately 1.2% of the shares of the company are short sold.
Who are some of ShoreTel's key competitors?
Some companies that are related to ShoreTel include Hortonworks (HDP), FormFactor (FORM), Mitel Networks Corporation (MITL), Iridium Communications (IRDM), Kemet Corporation (KEM), MINDBODY (MB), Spirent Communications PLC (SPMYY), ATN International (ATNI), Instructure (INST), Veeco Instruments (VECO), Tuniu Corporation (TOUR), CEVA (CEVA), Benefitfocus (BNFT), Analogic Corporation (ALOG), Internet Initiative Japan (IIJI), Cellcom Israel (CEL), Liberty TripAdvisor Holdings (LTRPA) and PROS Holdings (PRO).
Who are ShoreTel's key executives?
ShoreTel's management team includes the folowing people:
- Charles D. Kissner, Independent Chairman of the Board
- Donald Joos, President, Chief Executive Officer, Director
- Michael E. Healy, Chief Financial Officer, Senior Vice President
- David Petts, Senior Vice President - Worldwide Sales
- Eugenia Corrales, Senior Vice President - Product
- Bharath Oruganti, Senior Vice President - Services and Operations
- Allen Seto, Vice President, General Counsel
- Marjorie Bowen, Director
- Mark F. Bregman, Independent Director
- Kenneth D. Denman, Independent Director
Who owns ShoreTel stock?
ShoreTel's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Capital Research Global Investors (7.74%),
RGM CAPITAL, LLC
(6.13%), Renaissance Technologies LLC (5.39%), Vanguard Group Inc. (5.20%), Dimensional Fund Advisors LP (4.83%) and Thompson Siegel & Walmsley LLC (2.50%). Company insiders that own ShoreTel stock include Bharath Oruganti, Eugenia Corrales, Kenneth D Denman and Mark Bregman. View Institutional Ownership Trends for ShoreTel.
Who sold ShoreTel stock? Who is selling ShoreTel stock?
ShoreTel's stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Thompson Siegel & Walmsley LLC, Arrowstreet Capital Limited Partnership, Franklin Resources Inc., Bank of Montreal Can, Ulysses Management LLC, New York State Common Retirement Fund and K2 Principal Fund L.P.. View Insider Buying and Selling for ShoreTel.
Who bought ShoreTel stock? Who is buying ShoreTel stock?
ShoreTel's stock was bought by a variety of institutional investors in the last quarter, including Capital Research Global Investors, Royal Bank of Canada, Lapides Asset Management LLC, Dimensional Fund Advisors LP, Sarbit Advisory Services Inc., Menta Capital LLC, Paradigm Capital Management Inc. NY and Ameriprise Financial Inc.. View Insider Buying and Selling for ShoreTel.
How do I buy ShoreTel stock?
Shares of ShoreTel can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is ShoreTel's stock price today?
One share of ShoreTel stock can currently be purchased for approximately $7.45.
MarketBeat Community Rating for ShoreTel (NASDAQ SHOR)MarketBeat's community ratings are surveys of what our community members think about ShoreTel and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for ShoreTel (NASDAQ:SHOR) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 5 Hold Ratings |
| Consensus Rating: | Hold (Score: 2.00) |
| Consensus Price Target: | $7.50 (0.67% upside) |
Analysts' Ratings History for ShoreTel (NASDAQ:SHOR)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 7/31/2017 | Lake Street Capital | Downgrade | Buy -> Hold | $7.50 | Low |  |
| 7/28/2017 | Sidoti | Downgrade | Buy -> Neutral | | Low | |
| 7/28/2017 | Northland Securities | Downgrade | Outperform -> Market Perform | $10.00 -> $7.50 | Low | |
| 7/27/2017 | William Blair | Downgrade | Outperform -> Market Perform | | Low | |
| 1/27/2017 | Craig Hallum | Downgrade | Buy -> Hold | | N/A | |
| 11/20/2015 | SunTrust Banks, Inc. | Boost Price Target | Buy | $12.00 -> $13.00 | N/A | |
| 10/23/2015 | Canaccord Genuity | Reiterated Rating | Buy | $10.00 | N/A | |
(Data available from 8/19/2015 forward)
Earnings History for ShoreTel (NASDAQ:SHOR)Earnings History by Quarter for ShoreTel (NASDAQ SHOR)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 10/25/2017 | | | | | | | N/A | |
| 8/2/2017 | Q4 2017 | $0.02 | $0.06 | $90.69 million | $95.72 million | View | N/A | |
| 4/26/2017 | Q3 2017 | ($0.08) | ($0.02) | $84.03 million | $87.70 million | View | N/A | |
| 1/26/2017 | Q217 | ($0.02) | $0.03 | $86.23 million | $88.00 million | View | N/A | |
| 10/27/2016 | Q117 | ($0.05) | $0.01 | $89.04 million | $86.30 million | View | Listen | |
| 8/4/2016 | Q416 | ($0.01) | $0.05 | $90.57 million | $94.60 million | View | N/A | |
| 4/28/2016 | Q316 | ($0.04) | ($0.06) | $88.55 million | $85.20 million | View | N/A | |
| 1/28/2016 | Q216 | $0.05 | $0.10 | $90.17 million | $90.40 million | View | Listen | |
| 10/22/2015 | Q116 | $0.04 | $0.09 | $88.87 million | $90.20 million | View | Listen | |
| 8/5/2015 | Q415 | $0.04 | $0.12 | $87.41 million | $94.39 million | View | N/A | |
| 4/23/2015 | Q315 | $0.03 | $0.04 | $87.42 million | $85.00 million | View | N/A | |
| 1/28/2015 | Q215 | $0.04 | $0.08 | $88.20 million | $90.90 million | View | N/A | |
| 10/23/2014 | Q115 | $0.04 | $0.07 | $86.40 million | $90.40 million | View | Listen | |
| 8/7/2014 | Q414 | $0.05 | $0.08 | $85.39 million | $88.60 million | View | N/A | |
| 4/24/2014 | Q314 | $0.02 | $0.04 | $82.66 million | $82.40 million | View | N/A | |
| 1/22/2014 | Q214 | $0.03 | $0.05 | $83.15 million | $84.50 million | View | N/A | |
| 10/30/2013 | Q114 | | $0.07 | $80.73 million | $84.29 million | View | N/A | |
| 8/8/2013 | Q4 2013 | $0.02 | $0.06 | $83.00 million | $85.60 million | View | N/A | |
| 4/30/2013 | Q3 2013 | ($0.05) | ($0.01) | $75.47 million | $78.30 million | View | N/A | |
| 1/30/2013 | Q2 2013 | ($0.03) | ($0.04) | $77.81 million | $74.60 million | View | Listen | |
| 10/30/2012 | | ($0.05) | ($0.04) | | | View | N/A | |
| 4/30/2012 | | ($0.04) | ($0.03) | | | View | N/A | |
| 2/1/2012 | | ($0.01) | $0.03 | | | View | N/A | |
| 10/27/2011 | | ($0.02) | ($0.02) | | | View | N/A | |
| 8/9/2011 | | $0.02 | $0.03 | | | View | N/A | |
| 4/26/2011 | | ($0.02) | $0.01 | | | View | N/A | |
| 1/26/2011 | | ($0.01) | ($0.02) | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for ShoreTel (NASDAQ:SHOR)2017 EPS Consensus Estimate: $0.10
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 1 | $0.03 | $0.03 | $0.03 |
| Q2 2017 | 1 | $0.07 | $0.07 | $0.07 |
| Q4 2018 | 1 | $0.01 | $0.01 | $0.01 |
(Data provided by Zacks Investment Research)
Dividend History for ShoreTel (NASDAQ:SHOR)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for ShoreTel (NASDAQ:SHOR)Insider Ownership Percentage: 4.00%
Institutional Ownership Percentage: 87.17%
Insider Trades by Quarter for ShoreTel (NASDAQ:SHOR)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 5/1/2017 | Eugenia Corrales | VP | Sell | 1,250 | $6.55 | $8,187.50 | |
| 11/7/2016 | Eugenia Corrales | VP | Sell | 7,040 | $6.49 | $45,689.60 | |
| 8/5/2016 | Bharath Oruganti | SVP | Sell | 13,125 | $8.50 | $111,562.50 | |
| 2/3/2016 | Mark Bregman | Director | Sell | 5,000 | $7.74 | $38,700.00 | |
| 8/31/2015 | Kenneth D Denman | Director | Sell | 6,367 | $7.40 | $47,115.80 | |
| 8/26/2015 | Kenneth D Denman | Director | Sell | 3,553 | $7.25 | $25,759.25 | |
| 6/1/2015 | Charles Kissner | Director | Sell | 3,168 | $6.85 | $21,700.80 | |
| 5/26/2015 | Constance Ellen Skidmore | Director | Buy | 10,000 | $6.75 | $67,500.00 | |
| 2/23/2015 | Bharath Oruganti | VP | Sell | 3,500 | $7.50 | $26,250.00 | |
| 12/1/2014 | Charles Kissner | Director | Sell | 10,252 | $7.41 | $75,967.32 | |
| 11/24/2014 | Kenneth D Denman | Director | Sell | 10,000 | $7.67 | $76,700.00 | |
| 6/2/2014 | Charles Kissner | Director | Sell | 4,752 | $6.92 | $32,883.84 | |
| 5/23/2014 | Kenneth D Denman | Director | Sell | 5,600 | $6.87 | $38,472.00 | |
| 5/22/2014 | Mark Bregman | Director | Sell | 7,500 | $6.79 | $50,925.00 | |
| 5/13/2014 | Kenneth Denman | Director | Sell | 9,655 | $6.86 | $66,233.30 | |
| 5/1/2014 | Kenneth Denman | Director | Sell | 4,328 | $7.59 | $32,849.52 | |
| 2/12/2014 | Gary James Daichendt | Director | Sell | 42,500 | $8.14 | $345,950.00 | |
| 2/11/2014 | Gary James Daichendt | Director | Sell | 154,197 | $8.03 | $1,238,201.91 | |
| 2/3/2014 | Mark Bregman | Director | Sell | 12,500 | $7.51 | $93,875.00 | |
| 1/30/2014 | Gary James Daichendt | Director | Sell | 3,303 | $8.00 | $26,424.00 | |
| 11/22/2013 | Kenneth Denman | Director | Sell | 9,784 | $8.15 | $79,739.60 | |
| 11/7/2013 | Edward Thompson | Director | Sell | 5,500 | $7.37 | $40,535.00 | |
| 11/6/2013 | Edward Thompson | Director | Sell | 44,500 | $7.76 | $345,320.00 | |
| 8/20/2013 | Keith Nealon | Insider | Sell | 98,256 | $4.46 | $438,221.76 | |
(Data available from 1/1/2013 forward)
Headline Trends for ShoreTel (NASDAQ:SHOR)
Latest Headlines for ShoreTel (NASDAQ:SHOR)
| Source: |
|
| Date | Headline |
|---|
 | $86.05 Million in Sales Expected for ShoreTel, Inc. (SHOR) This Quarter
www.americanbankingnews.com - August 19 at 3:02 AM |
| Brokerages Expect ShoreTel, Inc. (SHOR) Will Announce Earnings of -$0.05 Per Share
www.americanbankingnews.com - August 17 at 10:24 PM |
 | Today's Research Report Coverage on Communication Equipment Stocks -- ShoreTel, Sonus Networks, Barracuda Networks, and Aerohive Networks
www.prnewswire.com - August 16 at 7:29 AM |
| Short Interest in ShoreTel, Inc. (NASDAQ:SHOR) Drops By 26.5%
www.americanbankingnews.com - August 14 at 2:14 AM |
 | ShoreTel, Inc. – Value Analysis (NASDAQ:SHOR) : August 12, 2017
finance.yahoo.com - August 12 at 7:46 AM |
| ShoreTel reports 4Q loss
finance.yahoo.com - August 2 at 9:30 PM |
| SHORETEL, INC. SHAREHOLDER ALERT: Former SEC Attorney Willie Briscoe Investigates Sale to Mitel Networks Corporation
finance.yahoo.com - August 2 at 4:26 PM |
| ShoreTel Reports Financial Results for Fourth Quarter and Fiscal Year 2017
finance.yahoo.com - August 2 at 4:25 PM |
| WeissLaw LLP: ShoreTel, Inc. Acquisition May Not Be in the Best Interests of SHOR Shareholders
finance.yahoo.com - August 2 at 3:26 PM |
| SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces an Investigation of ShoreTel - SHOR
finance.yahoo.com - August 1 at 1:34 AM |
| SHAREHOLDER ALERT: Monteverde & Associates PC Announces An Investigation Of ShoreTel, Inc. - SHOR
finance.yahoo.com - July 31 at 4:28 PM |
 | IPC Applauds the Planned Merger of Mitel and ShoreTel
feeds.benzinga.com - July 31 at 11:04 AM |
| ShoreTel, Inc. (NASDAQ:SHOR) Downgraded to Hold at Lake Street Capital
www.americanbankingnews.com - July 31 at 9:09 AM |
| Brokerages Expect ShoreTel, Inc. (NASDAQ:SHOR) to Post -$0.03 Earnings Per Share
www.americanbankingnews.com - July 30 at 6:25 PM |
| ShoreTel, Inc. (NASDAQ:SHOR) Given Average Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - July 29 at 7:50 AM |
| ShoreTel (SHOR) Alert: J&W Investigates Proposed Sale of ShoreTel, Inc.; Is $7.50 a Fair Price?
www.prnewswire.com - July 29 at 7:12 AM |
| SHAREHOLDER NOTICE: Brodsky & Smith, LLC Announces an Investigation of ShoreTel Acquisition - SHOR
finance.yahoo.com - July 29 at 7:12 AM |
| Sidoti Downgrades ShoreTel, Inc. (SHOR) to Neutral
www.americanbankingnews.com - July 28 at 5:20 PM |
| Wall Street's M&A Chatter From July 27: Nordstrom, Mitel-ShoreTel, ICON-Mapi Group, BMC Software-CA
feeds.benzinga.com - July 28 at 8:32 AM |
 | Investors cheer as Mitel returns to familiar consolidating ways
www.theglobeandmail.com - July 28 at 7:56 AM |
| SHORETEL, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation of Buyout
finance.yahoo.com - July 28 at 7:55 AM |
| Harwood Feffer LLP Announces Investigation of Proposed Buyout of ShoreTel, Inc.
finance.yahoo.com - July 28 at 7:55 AM |
| SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Concerning Whether the Sale of ShoreTel, Inc. to Mitel Networks Corporation Is Fair to Shareholders
finance.yahoo.com - July 28 at 7:55 AM |
| SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces an Investigation of ShoreTel, Inc. - SHOR
finance.yahoo.com - July 28 at 7:55 AM |
| ShoreTel, Inc. (SHOR) Downgraded to Market Perform at William Blair
www.americanbankingnews.com - July 27 at 4:38 PM |
| Mitel to Acquire ShoreTel
finance.yahoo.com - July 27 at 12:55 PM |
| Why ShoreTel Shares Soared Today
finance.yahoo.com - July 27 at 12:55 PM |
| Mitel announces definitive agreement to acquire ShoreTel
finance.yahoo.com - July 27 at 7:24 AM |
| ShoreTel (SHOR) vs. magicJack VocalTec (CALL) Head to Head Review
www.americanbankingnews.com - July 25 at 8:55 AM |
| Critical Comparison: ShoreTel (SHOR) versus magicJack VocalTec (CALL)
www.americanbankingnews.com - July 23 at 6:21 PM |
| Head-To-Head Contrast: magicJack VocalTec (CALL) & ShoreTel (SHOR)
www.americanbankingnews.com - July 20 at 8:22 PM |
| ShoreTel, Inc. (NASDAQ:SHOR) Cut to Hold at Zacks Investment Research
www.americanbankingnews.com - July 20 at 8:07 AM |
| Head to Head Analysis: ShoreTel (NASDAQ:SHOR) & magicJack VocalTec (CALL)
www.americanbankingnews.com - July 19 at 9:35 AM |
| ShoreTel, Inc. (NASDAQ:SHOR) Upgraded at Zacks Investment Research
www.americanbankingnews.com - July 18 at 9:21 AM |
| Mitel Networks Corp. – Value Analysis (NASDAQ:MITL) : July 12, 2017
finance.yahoo.com - July 12 at 4:52 PM |
| Critical Analysis: magicJack VocalTec (CALL) versus ShoreTel (SHOR)
www.americanbankingnews.com - July 12 at 12:06 AM |
| ShoreTel, Inc. (NASDAQ:SHOR) Expected to Post Quarterly Sales of $90.69 Million
www.americanbankingnews.com - July 8 at 9:30 AM |
| Zacks: Brokerages Expect ShoreTel, Inc. (NASDAQ:SHOR) to Announce -$0.03 Earnings Per Share
www.americanbankingnews.com - July 6 at 2:32 PM |
| ShoreTel's (SHOR) "Buy" Rating Reiterated at Northland Securities
www.americanbankingnews.com - July 4 at 8:49 AM |
| ShoreTel, Inc. (NASDAQ:SHOR) Receives Average Recommendation of "Hold" from Brokerages
www.americanbankingnews.com - July 4 at 8:16 AM |
| ShoreTel Connect Improves Communications Reliability for Orion Township
finance.yahoo.com - June 30 at 6:38 AM |
| Contrasting ShoreTel (SHOR) and magicJack VocalTec (CALL)
www.americanbankingnews.com - June 28 at 2:42 PM |
| Today's Research Report Coverage on Communication Equipment Stocks -- ShoreTel, Sonus Networks, ViaSat, and Barracuda Networks
www.prnewswire.com - June 28 at 8:09 AM |
| ShoreTel, Inc. (SHOR) Downgraded by Zacks Investment Research to "Hold"
www.americanbankingnews.com - June 28 at 7:38 AM |
| ShoreTel Introduces Global Numbers Service in Four Countries
finance.yahoo.com - June 27 at 7:54 PM |
| Analyzing ShoreTel (SHOR) and magicJack VocalTec (CALL)
www.americanbankingnews.com - June 26 at 4:14 PM |
| ShoreTel to Offer SMS APIs Through Google Cloud Platform
finance.yahoo.com - June 22 at 1:31 PM |
| Digium Signs Distribution Agreement with Nuvola Distribution
www.prnewswire.com - June 21 at 5:20 AM |
| ETFs with exposure to ShoreTel, Inc. : June 15, 2017
finance.yahoo.com - June 15 at 4:46 PM |
| Brokerages Anticipate ShoreTel, Inc. (SHOR) Will Post Quarterly Sales of $90.69 Million
www.americanbankingnews.com - June 14 at 11:48 AM |
ShoreTel (SHOR) Chart for Saturday, August, 19, 2017
