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Shoretel Inc (SHOR.O)

SHOR.O on Nasdaq

7.45USD
18 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Shoretel Q4 GAAP loss per share $0.01
Wednesday, 2 Aug 2017 04:05pm EDT 

Aug 2 (Reuters) - Shoretel Inc :Shoretel reports financial results for fourth quarter and fiscal year 2017.Q4 adjusted non-GAAP earnings per share $0.06 excluding items.Q4 GAAP loss per share $0.01.Q4 earnings per share view $0.02 -- Thomson Reuters I/B/E/S.Q4 revenue $95.7 million versus I/B/E/S view $90.7 million.  Full Article

Shoretel to pay Mitel U.S. Holdings $24.5 mln if deal is terminated
Friday, 28 Jul 2017 02:08pm EDT 

July 28 (Reuters) - Mitel Networks Corp ::Says upon termination of merger deal under specified circumstances, Shoretel required to pay Mitel US Holdings termination fee of $24.5 million.Says Mitel US Holdings will be required to pay Shoretel termination fee of $30 million if Shoretel terminates merger agreement-SEC filing.  Full Article

Mitel announces definitive agreement to acquire Shoretel
Thursday, 27 Jul 2017 06:30am EDT 

July 27 (Reuters) - Mitel Networks Corp :Mitel announces definitive agreement to acquire Shoretel.Mitel Networks Corp - deal for ‍$7.50 per share​.Mitel announces definitive agreement to acquire shoretel.Mitel Networks Corp - deal for ‍total equity value of approximately $530 million and a total enterprise value of approximately $430 million.​.Deal expected to be accretive in first year.Mitel Networks Corp - deal expected to be accretive in first year.Mitel Networks Corp - ‍combined company will be headquartered in ottawa, canada, and will operate as Mitel​.Mitel Networks Corp - ‍rich Mcbee, Mitel's chief executive officer, will lead combined organization​.Mitel networks -transaction will be completed through a cash tender offer for all of outstanding shares of Shoretel common stock, followed by a merger.Mitel Networks Corp - ‍steve Spooner, Mitel's chief financial officer, will also continue in that role​.Mitel - ‍Mitel intends to finance consideration for deal and associated transaction expenses using cash on hand from combined business among others​.Mitel networks -Ea Markets Llc provided co with independent advisory & transaction services in conjunction with arrangement & structuring of new financing.  Full Article

Shoretel announces transition of chairperson of board
Monday, 12 Jun 2017 04:05pm EDT 

June 12 (Reuters) - Shoretel Inc : :Shoretel announces transition of chairperson of board.Shoretel Inc says that Shane Robison has been appointed as chairperson of board effective immediately.Shoretel Inc says Chuck Kissner is stepping down as chairperson but will remain on board.  Full Article

Shoretel reports Q3 GAAP loss per share $0.04
Wednesday, 26 Apr 2017 04:10pm EDT 

April 26 (Reuters) - Shoretel Inc : :Shoretel reports financial results for third quarter fiscal year 2017.Q3 adjusted non-gaap earnings per share $0.01 excluding items.Q3 GAAP loss per share $0.04.Sees Q4 2017 revenue $88 million to $94 million.Q3 revenue $87.7 million.Shoretel Inc - "board's strategic advisory committee continues to evaluate alternatives to increase shareholder value".Qtrly hosted monthly average revenue per user $48 versus $52.Q3 earnings per share view $-0.03, revenue view $84.0 million -- Thomson Reuters I/B/E/S.Q3 earnings per share view $-0.03 -- Thomson Reuters I/B/E/S.Qtrly hosted revenue churn rate annualized 5.1pct versus 4.7pct.  Full Article

Shoretel announces expanded partnership with Scansource
Wednesday, 26 Apr 2017 04:05pm EDT 

April 26 (Reuters) - Scansource Inc :Shoretel Inc- announced an expanded partnership with Scansource Communications.  Full Article

Shoretel reports Q2 loss per share $0.04
Thursday, 26 Jan 2017 04:05pm EST 

Shoretel Inc - : Shoretel reports financial results for second quarter fiscal year 2017 . Q2 adjusted non-gaap earnings per share $0.03 excluding items . Q2 gaap loss per share $0.04 . Q2 earnings per share view $-0.02 -- Thomson Reuters I/B/E/S . Sees Q3 2017 revenue $82 million to $87 million . Q2 revenue $88 million versus I/B/E/S view $86.2 million . Board's strategic advisory committee continues to be actively engaged in evaluation of alternatives . Q3 gaap total gross margin is expected to be in range of 62 percent to 63 percent .Q3 gaap total operating expenses are expected to be in range of $58.0 million to $59.0 million.  Full Article

Shoretel posts Q4 adj shr $0.05, sees Q1 rev $86-92 mln
Thursday, 4 Aug 2016 04:10pm EDT 

Shoretel Inc : Shoretel reports financial results for fourth quarter and fiscal year 2016 . Q4 gaap loss per share $0.01 . Q4 earnings per share view $-0.01 -- Thomson Reuters I/B/E/S . Q4 adjusted non-gaap earnings per share $0.05 excluding items . Q4 revenue $94.6 million versus i/b/e/s view $90.6 million . Sees q1 2017 revenue $86 million to $92 million . Shoretel inc says q1 gaap total gross margin is expected to be in range of 61 percent to 62 percent .Q1 revenue view $89.9 million -- Thomson Reuters I/B/E/S.  Full Article

Shoretel explores sale among other strategic options
Thursday, 4 Aug 2016 04:05pm EDT 

Shoretel Inc : Says committee to advise board in evaluating a range of strategic alternatives . Says alternatives to be evaluated will include, but not be limited to a company sale, divestiture or acquisition of assets . Retained J.P. Morgan Securities LLC as financial advisor and Fenwick & West LLP as its legal counsel to assist in this review process . Says with Bowen's appointment, shoretel's board has increased to nine members, eight of whom are independent . Says strategic advisory committee formed to review strategic alternatives .Marjorie Bowen has been appointed to board of directors and will serve as a member of previously formed strategic advisory committee.  Full Article

Shoretel says some aspects of Corvisa acquisition not going as "originally anticipated"
Monday, 23 May 2016 08:00am EDT 

Shoretel Inc : Current expectation that its 2017 hosted revenue will grow 21 percent to 24 percent above fiscal year 2016 levels . Reiterated its business outlook for its 2016 fiscal q4 previously communicated on April 28, 2016 . Certain aspects of business integration and revenue ramp associated with Corvisa acquisition are not progressing as originally anticipated . "will continue to evaluate and adjust cost structure as we remain committed to achieving small non-GAAP operating profit in fiscal year 2017" . Certain aspects associated with Corvisa acquisition are impacting previous near term assumptions .Shoretel announces expectations for fiscal year 2017 hosted revenue growth.  Full Article

BRIEF-Shoretel Q4 GAAP loss per share $0.01

* Shoretel reports financial results for fourth quarter and fiscal year 2017