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 | US$0.359 billion (2016) |
Net income
|
US$0.012 billion (2016) |
Total assets | US$0.339 billion (2016) |
Total equity | US$0.202 billion (2016) |
Number of employees
|
1,158 (2016) |
Website | www |
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.
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
In SHOR 16 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
BlackRock Fund Advisors | 2.20M |
BlackRock Institutional Trust Company, N.A. | 2.06M |
RUSSELL FRANK CO/ | 0.65M |
IRONBRIDGE CAPITAL MANAGEMENT LP | 0.45M |
BLACKROCK ADVISORS LLC | 0.42M |
GRUBER & MCBAINE CAPITAL MANAGEMENT LLC | 0.33M |
BlackRock Investment Management, LLC | 0.27M |
OMT Capital Management LLC | 0.25M |
BRIGHTFIELD CAPITAL MANAGEMENT LLC | 0.22M |
BlackRock Group LTD | 76391 |
WALL STREET ASSOCIATES | 32600 |
Geduld E E | 30000 |
KCG Holdings, Inc. | 22827 |
Dynamic Technology Lab Pte Ltd | 18274 |
Airain ltd | 12491 |
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 / |