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Shoretel Inc (SHOR.O)

SHOR.O on Nasdaq

8.09USD
27 Sep 2016
Change (% chg)

$0.09 (+1.12%)
Prev Close
$8.00
Open
$7.97
Day's High
$8.10
Day's Low
$7.97
Volume
1,364,089
Avg. Vol
471,830
52-wk High
$10.56
52-wk Low
$5.83

Latest Key Developments (Source: Significant Developments)

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

Shoretel authorizes $20 million share repurchase program
Friday, 6 May 2016 08:35am EDT 

Shoretel Inc : Shoretel authorizes $20 million share repurchase program . Company expects share purchase will occur over next 12 months .Expects to fund program using a combination of company's cash on hand and cash generated from operations.  Full Article

Shoretel Inc gives Q4 2016 revenue guidance
Thursday, 28 Apr 2016 04:05pm EDT 

Shoretel Inc:Sees Q4 2016 Total revenue is expected to be in the range of $88 million to $94 million.  Full Article

Shoretel Inc gives Q3 2016 revenue guidance in line with analysts' estimates
Thursday, 28 Jan 2016 04:06pm EST 

Shoretel Inc:Sees Q3 2016 Total revenue is expected to be in the range of $86 million to $91 million.Q3 2016 revenue of $89 million - Thomson Reuters I/B/E/S.  Full Article

Shoretel To acquire UC Cloud Provider Corvisa
Monday, 21 Dec 2015 04:05pm EST 

Shoretel:Says it is acquiring Corvisa LLC.This acquisition is expected to accelerate ShoreTel's fiscal 2017 hosted revenue growth to at or around 30 percent by enhancing ShoreTel's solutions and architecture in four key areas.ShoreTel will pay $8.5 million in cash to acquire Corvisa.  Full Article

Shoretel Inc gives Q2 2016 revenue guidance in line with analysts' estimates
Thursday, 22 Oct 2015 04:05pm EDT 

Shoretel Inc:Sees Q2 2016 total revenue to be in the range of $87 million to $93 million.Q2 2016 revenue of $91 million - Thomson Reuters I/B/E/S.  Full Article

The Salvation Army Selects Shoretel Inc Australia
Friday, 2 Oct 2015 04:05pm EDT 

Shoretel Inc:Says The Salvation Army (Australia Eastern Territory) will be rolling out a ShoreTel Unified Communications, Contact Center and Mobility solution across its entire operation.  Full Article

Shoretel Inc gives Q1 2016 revenue outlook in line with analysts' estimates
Wednesday, 5 Aug 2015 04:05pm EDT 

Shoretel Inc:Expects Q1 2016 Total revenue to be in the range of $86 to $91 million.Q1 2016 revenue of $88 mln - Thomson Reuters I/B/E/S.  Full Article

BRIEF-Shoretel explores sale among other strategic options

* Says committee to advise board in evaluating a range of strategic alternatives