Brokerages predict that ShoreTel, Inc. (NASDAQ:SHOR) will announce earnings per share (EPS) of ($0.05) for the current quarter, Zacks reports. Three analysts have made estimates for ShoreTel’s earnings, with estimates ranging from ($0.08) to ($0.03). ShoreTel reported earnings per share of ($0.04) in the same quarter last year, which suggests a negative year-over-year growth rate of 25%. The firm is expected to announce its next earnings report on Thursday, October 26th.

According to Zacks, analysts expect that ShoreTel will report full year earnings of ($0.13) per share for the current fiscal year, with EPS estimates ranging from ($0.17) to ($0.05). Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that cover ShoreTel.

ShoreTel (NASDAQ:SHOR) last issued its quarterly earnings results on Wednesday, August 2nd. The communications equipment provider reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. ShoreTel had a negative net margin of 3.48% and a negative return on equity of 0.67%. The firm had revenue of $95.72 million during the quarter, compared to the consensus estimate of $90.69 million.

A number of equities analysts have commented on SHOR shares. ValuEngine cut shares of ShoreTel from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Zacks Investment Research raised shares of ShoreTel from a “hold” rating to a “strong-buy” rating and set a $7.75 price objective for the company in a research report on Wednesday, May 3rd. BidaskClub raised shares of ShoreTel from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Northland Securities cut shares of ShoreTel from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $10.00 to $7.50 in a research report on Friday, July 28th. Finally, Sidoti cut shares of ShoreTel from a “buy” rating to a “neutral” rating in a research report on Friday, July 28th. Two analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $7.17.

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Shares of ShoreTel (NASDAQ SHOR) traded down 0.67% during mid-day trading on Thursday, reaching $7.45. 510,881 shares of the company’s stock were exchanged. The stock’s market cap is $510.45 million. ShoreTel has a 52-week low of $5.55 and a 52-week high of $8.50. The stock’s 50-day moving average is $6.55 and its 200-day moving average is $6.35.

Several large investors have recently made changes to their positions in SHOR. Princeton Alpha Management LP acquired a new stake in shares of ShoreTel during the first quarter worth about $159,000. American International Group Inc. boosted its stake in shares of ShoreTel by 7.1% in the first quarter. American International Group Inc. now owns 41,452 shares of the communications equipment provider’s stock worth $255,000 after buying an additional 2,757 shares during the last quarter. FMR LLC acquired a new stake in shares of ShoreTel during the fourth quarter worth about $307,000. Wells Fargo & Company MN boosted its stake in shares of ShoreTel by 3.3% in the first quarter. Wells Fargo & Company MN now owns 47,472 shares of the communications equipment provider’s stock worth $292,000 after buying an additional 1,500 shares during the last quarter. Finally, Wedge Capital Management L L P NC boosted its stake in shares of ShoreTel by 21.5% in the first quarter. Wedge Capital Management L L P NC now owns 207,900 shares of the communications equipment provider’s stock worth $1,279,000 after buying an additional 36,800 shares during the last quarter. 87.17% of the stock is owned by institutional investors.

About ShoreTel

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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