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Last $6.88 USD
Change Today +0.01 / 0.15%
Volume 21.1K
SHOR On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 9:49 AM 05/4/15 All times are local (Market data is delayed by at least 15 minutes).

shoretel inc (SHOR) Snapshot

Open
$6.84
Previous Close
$6.96
Day High
$6.92
Day Low
$6.84
52 Week High
11/7/14 - $8.35
52 Week Low
10/15/14 - $5.73
Market Cap
441.4M
Average Volume 10 Days
464.7K
EPS TTM
$0.0007
Shares Outstanding
64.2M
EX-Date
--
P/E TM
9,272.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for SHORETEL INC (SHOR)

shoretel inc (SHOR) Related Businessweek News

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shoretel inc (SHOR) Details

ShoreTel, Inc., together with its subsidiaries, provides business communication solutions in the United States and internationally. It offers integrated voice, video, data, and mobile applications based on Internet protocol technologies. The company’s systems are based on its distributed software architecture and switch-based hardware platform that enable multi-site enterprises to be served by a single telecommunications system. Its solutions include ShoreTel Voice Switches; ShoreTel Service Appliances; ShoreTel Director, which enables IT administrators to view and manage the entire system of the enterprise from any location using a single application; ShoreTel IP Phones; and Small Business Edition 100 for smaller businesses. The company also provides ShoreTel Mobility for smartphone users that allows the user to communicate from any location, including office, home, or through Wi-Fi hotspots; ShoreTel Communicator that enables to communicate through video, voice, instant messaging, and others; conferencing and collaboration solutions; Microsoft Integration that offers a range of integration options with applications, such as Microsoft lync, Microsoft exchange, Microsoft office, and Microsoft Internet explore; and ShoreTel Contact Center that enables organizations to route incoming contacts to appropriate agent in a multisite contact center. In addition, it offers custom application development, integration, and implementation services for businesses; and professional, system design and installation, training, and technical support services. ShoreTel, Inc. sells its premise-based and hosted solutions for professional services, financial services, government, education, health care, manufacturing, non-profit organizations, and technology industries through its direct sales force, resellers, and value-added distributors. The company was founded in 1996 and is headquartered in Sunnyvale, California.

1,068 Employees
Last Reported Date: 04/23/15
Founded in 1996

shoretel inc (SHOR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $373.5K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $306.7K
Senior Vice President of Services and Operati...
Total Annual Compensation: $228.0K
Senior Vice President of Engineering
Total Annual Compensation: $275.0K
Senior Vice President of Worldwide Sales
Total Annual Compensation: $640.9K
Compensation as of Fiscal Year 2014.

shoretel inc (SHOR) Key Developments

ShoreTel, Ingram Micro and HP Team to Provide Unified Communications Solutions for Small-to-Medium- Sized Businesses

ShoreTel, Ingram Micro Inc. and HP announced they will jointly bring to market unified communications offerings for small- to medium-sized businesses (SMBs). The new solution sets are sold through Ingram Micro's channel partner network and will include ShoreTel cloud services and HP routers and POE switches. Ingram Micro has been selling the ShoreTel on-premises solution for four years, and is now certified to offer ShoreTel Sky®, making them both a Valued Added Distributor (VAD) and Cloud Service Distributor (CSD). With this joint solution, named HP Networking for ShoreTel Solutions, customers purchase the ShoreTel cloud offering and can choose from an HP Switch or both an HP switch and an HP router, depending on their needs. The offers will be available via joint HP and ShoreTel channel partners who work with Ingram Micro.

ShoreTel Sky Now Available to Ingram Micro Channel Partners

ShoreTel, Inc. announced it has expanded its relationship with Ingram Micro Inc. to now include ShoreTel Sky, a cloud-based solution that provides businesses a high degree of flexibility, connectivity and seamless integration with their business-critical applications. Ingram Micro has been offering ShoreTel premises for four years, and is now the second distributor to offer both ShoreTel premises- and cloud-based solutions to channel partners in the U.S. With this expanded agreement, Ingram Micro becomes a single source for channel partners to purchase their ShoreTel communications solutions. Being able to offer premises- and cloud-based solutions makes it easier for Ingram Micro channel partners to help their small and midsize business (SMB) customers make the shift to a hybrid environment, a growing area in unified communications. In addition, ShoreTel Sky enables channel partners to add greater flexibility to their voice offerings with solutions for the cloud, establishing new monthly recurring revenue streams and helping to differentiate their offerings. Channel partners are also able to focus on sales and customer service, while Ingram Micro and ShoreTel manage carriers, infrastructure, maintenance, support, applications and services.

ShoreTel, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended March 31, 2015; Provides Earnings Guidance for the Fourth Quarter and Full Year Ending June 30, 2015

ShoreTel, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2015. For the quarter, the company reported total revenue of $85,002,000 against $82,401,000 a year ago. Loss from operations was $2,238,000 against $829,000 a year ago. Loss before provision for income tax was $2,630,000 against $952,000 a year ago. Net loss per share basic and diluted was $0.04 against $0.02 a year ago. Net loss was $2,594,000 against $1,204,000 a year ago. Non-GAAP income from operations was $3,103,000 against $2,828,000 a year ago. Non-GAAP net income was $2,663,000 or $0.04 per diluted share against $2,604,000 or $0.04 per diluted share a year ago. The company generated $11.8 million in cash flow from operations in the quarter ended March 31, 2015. Capital expenditures during the quarter were $3.9 million. For the nine months, the company reported total revenue of $266,300,000 against $251,173,000 a year ago. Loss from operations was $7,395,000 against $1,403,000 a year ago. Loss before provision for income tax was $8,603,000 against $2,492,000 a year ago. Net loss per share basic and diluted was $0.14 against $0.05 a year ago. Net loss was $9,070,000 against $3,179,000 a year ago. Non-GAAP income from operations was $15,124,000 against $11,350,000 a year ago. Non-GAAP net income was $12,803,000 or $0.20 per diluted share against $9,848,000 or $0.16 per diluted share a year ago. The company have generated close to $35 million in cash flow from operations over the last nine months. The company provided earnings guidance for the fourth quarter ending June 30, 2015. For the quarter, the company expects total revenue is expected to be in the range of $85.0 million to $90.0 million. Non-GAAP gross margin, which excludes approximately one and one-half percentage points in stock-based compensation charges, amortization of acquisition-related intangibles and other charges, is expected to be in the range of 61.5% to 62.5%. GAAP total gross margin is expected to be in the range of 60% to 61%. For the full year 2015, The company expects CapEx to be approximately $11 million to $12 million.

 

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