SHOR: ShoreTel, Inc. Instablogs

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Monday, May 13, 11:56 AM ShoreTel (SHOR +1.4%) CEO Peter Blackmore, 65, plans to retire as soon as a successor is found. The maker of unified communications and contact center hardware/software has begun a search for a replacement. (PR) Comment! [Tech]
Tuesday, April 30, 5:11 PM ShoreTel (SHOR): Q1 EPS of -$0.01 beats by $0.04. Revenue of $78.3M. Shares +7.8% AH. (PR) 1 Comment [Earnings, Breaking News, Tech, On the Move]
Friday, March 22, 1:24 PM Unlike Marin Software, West Corp. (WSTC) is having an unpleasant opening day. After pricing its 21.3M-share IPO at $20 (below a range of $22-$25), shares opened at $19.04 and are currently at $19.15, down 4.3%. That's good for a market cap of $1.6B. The provider of conferencing and contact center outsourcing services posted 2012 revenue of $2.64B (+6% Y/Y) and net income of $125.5M (-2%). It competes with IT and telecom giants offering hosted services, as well as smaller firms such as ShorteTel (SHOR) and 8x8 (EGHT). (S-1) Comment! [Tech, On the Move]
Wednesday, January 30, 4:28 PM ShoreTel (SHOR): FQ2 EPS of -$0.04 misses by $0.01. Revenue of $74.6M. (PR) Comment! [Earnings, Breaking News, Tech]
Tuesday, October 30, 2012, 4:52 PM ShoreTel (SHOR): FQ1 EPS of -$0.04 beats by $0.01. Revenue of $75M (+39% Y/Y) beats by $2.4M. (PR) Comment! [Earnings, Tech]
Tuesday, August 14, 2012, 4:14 PM ShoreTel (SHOR): FQ4 EPS of $0.00 beats by $0.03. Revenue of $78.5M (+38.9% Y/Y) beats by $4M. Shares +1.3% AH. (PR) Comment! [Earnings, Tech, On the Move]
Monday, April 30, 2012, 4:37 PM ShoreTel (SHOR): Q1 EPS of -$0.03 beats by $0.01. Revenue of $56.3M (+59.6% Y/Y) beats by $2M. Shares +5% AH. (PR) Comment! [Earnings, Tech, On the Move]
Thursday, February 2, 2012, 10:01 AM Shares of ShorTel (SHOR ) collapse - down 18.1% - after the firm's downward revision for FQ3 revenue disappoints investors. Analysts at Craig Hallum downgraded the communications firm to Hold from Buy off of the new outlook. Comment! [On the Move, Tech]
Wednesday, February 1, 2012, 4:37 PM ShorTel (SHOR) reports FQ2 EPS of $0.03 vs. consensus loss of $0.01, and revenues +21.6% Y/Y to $58M vs. $55.7M consensus. FQ3 revenues guided downward. SHOR also agrees to acquire unified communications company M5 Networks in a $146M deal. Comment! [Tech, Earnings, M&A]
Wednesday, December 7, 2011, 3:02 PM A tour of Silicon Valley networking firms CSCO, NTGR, ARUN, and SHOR leaves Barclays' Jeff Kvaal agreeing with Deutsche and MKM that demand remains healthy in spite of macro concerns. Kvaal adds his findings are consistent with a Barclays survey indicating a normal Q4 budget flush, but contrast with below-seasonal guidance from several networking gear vendors. (previously) Comment! [Tech, Quick Ideas]
Tuesday, November 8, 2011, 1:32 PM ShoreTel (SHOR +6.4%), a provider of enterprise voice-over-IP hardware and software, has spiked in afternoon trading on news that director Gary J. Daichendt purchased 45,588 shares. Comment! [Tech, On the Move]
Tuesday, October 4, 2011, 10:15 AM Barclays networking equipment analyst Jeff Kvaal raises ratings on Polycom (PLCM +5.9%) and Shoretel (SHOR +4.9%), while lowering Riverbed (RVBD -3.4%). Healthy trends in videoconferencing and unified communications should allow PLCM and SHOR to lead networking peers, he writes, but demand for Riverbed may be slower to recover in a downturn. Comment! [Tech, On the Move]
Thursday, March 17, 2011, 2:18 PM Stifel Nicolaus upgrades ShoreTel (SHOR +15.2% to $7.66) to Buy from Hold with a price target of $10. Also upgraded to Buy from Hold: Akamai (AKAM +4.6%), AMB Property (AMB -0.1%) and ProLogis (PLD). Comment!
Wednesday, August 12, 2009, 4:26 PM ShoreTel (SHOR): FQ4 EPS of $0.03 beats by $0.02. Revenue of $32M (-7%) in-line. (PR) Comment!

SHOR ShoreTel, Inc.

SHOR

ShoreTel, Inc.