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SHOR $7.5

SHOR target price
7.50
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ShoreTel, Inc.
Type
Defunct
Industry Telecommunications
Fate Acquired by Mitel
Founded 1996 (1996)
Headquarters Sunnyvale, California
Key people
Don Joos, CEO
Mike Healy, CFO
Bharath Oruganti, SVP
Eugenia Corrales, SVP
Revenue Decrease US$0.359 billion (2016)
Net income
Decrease US$0.012 billion (2016)
Total assets Decrease US$0.339 billion (2016)
Total equity Decrease US$0.202 billion (2016)
Number of employees
1,158 (2016)
Website www.shoretel.com

ShoreTel, Inc. was a telecommunications vendor providing unified communications for business. In 2017, the company was acquired by Mitel.

In September 1996, ShoreTel was co-founded as Shoreline Teleworks by Edwin J. Basart and Mike Harrigan, both of whom were co-founders of Network Computing Devices.

In 1998, the company shipped its first products.

In April 2004, the company changed its name to ShoreTel.

On July 3, 2007, the company became a public company via an initial public offering.

On October 21, 2010, the company announced the acquisition of Agito Networks for approximately $11.4 million.

In 2012, the company acquired M5 Networks, based in New York City, for $146 million.

In August 2013, Don Joos became president and chief executive. He had joined ShoreTel in April 2011 from Avaya.

In August 2015, the company launched Connect Common UC Platform.

In January 2016, The company acquired Corvisa to provide SIP trunking and additional third-party application integration.

In February 2016, ShoreTel Connect Hybrid Sites was launched, a hybrid offering of on-premises and cloud services.

In August 2016, the company began looking into a sale of the company.

In September 2017, the company was acquired by Mitel for $530 million.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS

Ratings

2016-07-09 Reiterated Rating William Blair Buy
2016-06-17 Reiterated Rating William Blair Buy
2016-05-24 Reiterated Rating William Blair Buy
2016-01-29 Lower Price Target Craig Hallum Buy $11.00 to $10.00
2015-12-28 Reiterated Rating William Blair Buy
2015-12-22 Reiterated Rating William Blair Buy
2015-11-26 Reiterated Rating William Blair Outperform
2015-11-20 Boost Price Target SunTrust Buy $12.00 to $13.00
2015-11-20 Boost Price Target SunTrust Banks Inc. Buy $12.00 to $13.00
2015-11-13 Boost Price Target Lake Street Capital Buy $10.00 to $12.00
2015-11-10 Reiterated Rating William Blair Outperform
2015-10-23 Reiterated Rating Canaccord Genuity Buy $10.00
2015-10-23 Boost Price Target SunTrust $10.00 to $12.00
2015-10-23 Boost Price Target Craig Hallum $9.00 to $11.00
2015-10-23 Reiterated Rating William Blair Buy
2015-08-10 Initiated Coverage Canaccord Genuity Buy $10.00
2015-08-06 Boost Price Target SunTrust Buy $9.00 to $10.00
2015-06-18 Initiated Coverage Lake Street Capital Buy $10.00
2015-06-08 Reiterated Rating Northland Securities Outperform $11.00
2015-01-29 Boost Price Target Northland Securities Outperform $11.00 to $12.50
2014-09-23 Upgrade SunTrust Neutral to Buy $7.50 to $9.00
2014-08-08 Lower Price Target Stifel Nicolaus Buy $12.00 to $10.00
2014-06-10 Initiated Coverage SunTrust Neutral $7.50
2014-01-06 Boost Price Target Northland Securities Outperform $11.00 to $13.00
2014-01-03 Boost Price Target Stifel Nicolaus Buy $7.50 to $12.00
2013-11-01 Boost Price Target Stifel Nicolaus Buy $6.50 to $7.50
2013-11-01 Reiterated Rating Lazard Capital Markets Neutral
2013-10-31 Boost Price Target Northland Securities Outperform $8.00 to $11.00
2013-09-30 Boost Price Target Wedbush Outperform $6.00 to $7.00
2013-09-17 Upgrade Stephens Equal Weight to Overweight $6.00 to $8.00
2011-10-12 Reiterated Stifel Nicolaus Buy $13 to $12
2010-12-30 Reiterated Northland Securities Outperform $9 to $10
2010-07-15 Upgrade Wedbush Neutral to Outperform $7
2010-01-28 Reiterated Wedbush Morgan Neutral $6 to $6.50
2009-09-10 Downgrade Northland Securities Outperform to Market Perform
2009-09-08 Upgrade Wedbush Morgan Underperform to Neutral $6
2008-08-22 Reiterated Wedbush Morgan Hold $6 to $7
2008-08-22 Downgrade Lehman Brothers Overweight to Equal-Weight
2016-07-09 Reiterated Rating William Blair Buy
2016-06-17 Reiterated Rating William Blair Buy
2016-05-24 Reiterated Rating William Blair Buy
2016-01-29 Lower Price Target Craig Hallum Buy $11.00 to $10.00
2015-12-28 Reiterated Rating William Blair Buy

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
Basart Edwin J CTO 0.83%  (520286) SHOR /
Daichendt Gary James 0.44%  (273670) ELX / JNPR / NCR / PLCM / SHOR /
THOMPSON EDWARD 0.20%  (123492) AVNW / RLOC / SHOR /
Nealon Keith President & GM, ShoreTel Cloud 0.13%  (82704) SHOR /
BLACKMORE PETER CEO 0.11%  (71235) SHOR / SUNE / TERP /
GREGOIRE MICHAEL P 0.11%  (69464) ADP / CA / SHOR /
Rump Pedro E SVP, Engineering & Operations 0.05%  (30934) SHOR /
Malhotra Pankaj SVP of Engineering 0.01%  (6590) SHOR /