Seeking Alpha
 

ShoreTel, Inc. (SHOR)

- NASDAQ
  • Tue, Feb. 3, 1:25 PM
    • Though the Nasdaq is only up 0.4%, a long list of tech firms are posting outsized gains today.
    • It's a good day for online real estate: Merger partners Zillow (Z +5%) and Trulia (TRLA +4.9%) are up sharply, as are Chinese online real estate plays SouFun (SFUN +5.2%), E-House (EJ +6.5%), and Leju (LEJU +3.8%).
    • Other major tech gainers include security software firm Imperva (IMPV +4.7%), gaming headset maker Turtle Beach (HEAR +6.6%), salvage auction site Liquidity Holdings (LQDT +7.4%), RF filter tech developer Resonant (RESN +10.7%), telecom equipment/SDN software vendor Cyan (CYNI +10.1%), Chinese CDN owner ChinaCache (CCIH +10.8%), application delivery controller vendor A10 Networks (ATEN +6.1%), Chinese sports lottery site 500.com (WBAI +7.6%), and unified communications hardware/software firm ShoreTel (SHOR +6.7%).
    • Earlier: Solar stocks soar as oil tops $51, CSIQ strikes deal
    • Earlier: 3D printing stocks routed after Stratasys warns
    | Comment!
  • Nov. 17, 2014, 10:31 AM
    • Mitel (MITL +0.5%) has withdrawn its $540M ($8.10/share) offer to acquire ShoreTel (SHOR -8.6%), first announced on Oct. 20.
    • Mitel says its decision stems from "the repeated refusal of ShoreTel's Board of Directors to engage in discussions of any kind regarding a potential transaction." ShoreTel has fallen to $7.50 in response.
    | Comment!
  • Oct. 20, 2014, 12:50 PM
    | 4 Comments
  • Oct. 20, 2014, 10:08 AM
    • Following a rejection from ShoreTel's (SHOR +16.1%) board, Mitel (MITL -1.2%) has gone public with an offer to buy the fellow VoIP/unified communications hardware and software provider for $540M, or $8.10/share, in cash. The price represents a 24% premium to ShoreTel's Friday close.
    • Mitel says its proposal will remain open until 5PM ET on Nov. 20.
    • ShoreTel currently trades at $7.50; its 52-week high is $9.81. With Mitel's market cap only at $936M, there could be some doubts about its ability to pull off a $510M all-cash acquisition. The company had $134.2M in cash at the end of June, and $342M in debt.
    | Comment!
  • Oct. 20, 2014, 9:21 AM
    | 1 Comment
  • Sep. 24, 2014, 5:35 PM
    | Comment!
  • Aug. 8, 2014, 5:40 PM
    • Top gainers, as of 5:15 p.m.: BZH +11.7%. MED +10.9%. ELX +9.8%. MM +9.6%. SHOR +5.7%.
    • Top losers, as of 5:15 p.m.: EBIX -7.7%. VLCCF -7.4%. WGL -6.6%. POWR -5.4%. TRQ -5.0%.
    | 3 Comments
  • Aug. 8, 2014, 12:47 PM
    | Comment!
  • Jun. 3, 2014, 5:40 PM
    | Comment!
  • Oct. 31, 2013, 12:45 PM
    | Comment!
  • Oct. 31, 2013, 10:57 AM
    • ShoreTel (SHOR +19%) shares climb after the company beat on revenue in Q3 and swung to $4M in unexpected profitability.
    • Results were bolstered by 32% Y/Y growth in cloud revenue. The segment reached an annualized $121M. Recurring revenue (cloud and premise support) accounted for an increased 36% of total revenue.
    • The company expects FQ2 revenue of $80M-$86M (vs. consensus of $82.8M), gross margin of 61%-62%, and opex of $47.5M-$48.5M.
    • Management reiterated FY2014 guidance and expects cloud revenue growth in the mid-20% range as well as full-year operating profitability.
    • PR, conference call
    | Comment!
  • Apr. 30, 2013, 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
  • Mar. 22, 2013, 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!
  • Aug. 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!
  • Apr. 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!
  • Feb. 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!
Visit Seeking Alpha's
SHOR vs. ETF Alternatives
Company Description
ShoreTel Inc along with its subsidiaries is engaged in providing business communication solutions, including; integrated voice, video, data and mobile applications based on Internet Protocol technologies.