Several brokerages have updated their recommendations and price targets on shares of ShoreTel (NASDAQ: SHOR) in the last few weeks:

  • 7/31/2017 – ShoreTel was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 7/31/2017 – ShoreTel was downgraded by analysts at Lake Street Capital from a “buy” rating to a “hold” rating. They now have a $7.50 price target on the stock.
  • 7/28/2017 – ShoreTel was downgraded by analysts at Northland Securities from an “outperform” rating to a “market perform” rating. They now have a $7.50 price target on the stock, down previously from $10.00.
  • 7/28/2017 – ShoreTel was downgraded by analysts at Sidoti from a “buy” rating to a “neutral” rating.
  • 7/27/2017 – ShoreTel was downgraded by analysts at William Blair from an “outperform” rating to a “market perform” rating.
  • 7/20/2017 – ShoreTel was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “ShoreTel is a leading provider of enterprise IP telephony solutions. ShoreTel voice systems provide customers with a number of key benefits, including ease of use, manageability and lower total cost of ownership than alternative solutions. ShoreTel’s distributed software architecture and switched-based hardware platform extend enterprise-class voice services to every office and outpost, keeping employees fully connected wherever they go. ShoreTel has achieved broad industry recognition for its technology and high customer satisfaction. For the last four years, IT executives surveyed by Nemertes Research, an independent research firm, have rated ShoreTel highest in customer satisfaction among leading enterprise telecommunications systems providers. A select, worldwide group of channel partners provide service and support. ShoreTel is headquartered in Sunnyvale, California, and has regional offices in the United Kingdom, Sydney, Australia and Munich, Germany. “
  • 7/18/2017 – ShoreTel was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $6.50 price target on the stock. According to Zacks, “ShoreTel is a leading provider of enterprise IP telephony solutions. ShoreTel voice systems provide customers with a number of key benefits, including ease of use, manageability and lower total cost of ownership than alternative solutions. ShoreTel’s distributed software architecture and switched-based hardware platform extend enterprise-class voice services to every office and outpost, keeping employees fully connected wherever they go. ShoreTel has achieved broad industry recognition for its technology and high customer satisfaction. For the last four years, IT executives surveyed by Nemertes Research, an independent research firm, have rated ShoreTel highest in customer satisfaction among leading enterprise telecommunications systems providers. A select, worldwide group of channel partners provide service and support. ShoreTel is headquartered in Sunnyvale, California, and has regional offices in the United Kingdom, Sydney, Australia and Munich, Germany. “
  • 7/4/2017 – ShoreTel had its “buy” rating reaffirmed by analysts at Northland Securities. They now have a $10.00 price target on the stock.
  • 6/28/2017 – ShoreTel was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “ShoreTel is a leading provider of enterprise IP telephony solutions. ShoreTel voice systems provide customers with a number of key benefits, including ease of use, manageability and lower total cost of ownership than alternative solutions. ShoreTel’s distributed software architecture and switched-based hardware platform extend enterprise-class voice services to every office and outpost, keeping employees fully connected wherever they go. ShoreTel has achieved broad industry recognition for its technology and high customer satisfaction. For the last four years, IT executives surveyed by Nemertes Research, an independent research firm, have rated ShoreTel highest in customer satisfaction among leading enterprise telecommunications systems providers. A select, worldwide group of channel partners provide service and support. ShoreTel is headquartered in Sunnyvale, California, and has regional offices in the United Kingdom, Sydney, Australia and Munich, Germany. “

ShoreTel, Inc. (SHOR) opened at 7.50 on Tuesday. The stock’s market capitalization is $513.88 million. The company has a 50 day moving average of $6.03 and a 200 day moving average of $6.31. ShoreTel, Inc. has a 52 week low of $5.55 and a 52 week high of $8.56.

ShoreTel (NASDAQ:SHOR) last released its quarterly earnings results on Wednesday, August 2nd. The communications equipment provider reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.04. ShoreTel had a negative return on equity of 0.67% and a negative net margin of 3.48%. The company had revenue of $95.72 million for the quarter, compared to analyst estimates of $90.69 million. Equities analysts expect that ShoreTel, Inc. will post $0.07 EPS for the current fiscal year.

ShoreTel, Inc is a provider of business communication solutions. The Company is engaged in the design, development, marketing and sale of business communication solutions. The Company is focused on the small and medium sized businesses seeking a unified communications (UC) solution allowing them to communicate anytime, anyplace and through any device they chose.

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