ShoreTel Inc (SHOR) : Penbrook Management has sold out all of its stake in ShoreTel Inc during the most recent quarter, according to the disclosure filed by the company on Apr 21, 2016 with the SEC. The investment management company has sold out 174,325 shares of ShoreTel Inc which is valued at $1,237,708.
ShoreTel Inc opened for trading at $7.08 and hit $7.14 on the upside on Wednesday, eventually ending the session at $7.09, with a gain of 0.71% or 0.05 points. The heightened volatility saw the trading volume jump to 2,12,346 shares. Company has a market cap of $473 M.
Other Hedge Funds, Including , Strs Ohio sold out all of its stake in SHOR during the most recent quarter. The investment firm sold 77,400 shares of SHOR which is valued $549,540. Falcon Point Capital sold out all of its stake in SHOR during the most recent quarter. The investment firm sold 10,322 shares of SHOR which is valued $72,667.Acadian Asset Management reduced its stake in SHOR by selling 233,512 shares or 24.54% in the most recent quarter. The Hedge Fund company now holds 717,964 shares of SHOR which is valued at $5,054,467. ShoreTel Inc makes up approx 0.03% of Acadian Asset Management’s portfolio.
On the company’s financial health, ShoreTel Inc reported $0.10 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jan 28, 2016. Analyst had a consensus of $0.06. The company had revenue of $90.40 million for the quarter, compared to analysts expectations of $90.18 million. The company’s revenue was down -.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.08 EPS.
Shoretel Inc. (ShoreTel) is engaged in the design development marketing and sale of business communication solutions. The Company provides business communication solutions including integrated voice video data and mobile applications based on Internet protocol (IP) technologies. It is focused on the small and medium sized businesses (less than 5000 users) with a Unified Communications platform. It provides ShoreTel solution through multiple deployment options as well as a set of applications and services for both premise and hosted deployment models consisting of ShoreTel IP Telephony ShoreTel Unified Communications ShoreTel Contact Center ShoreTel Mobility and professional services including ShoreTel Global Services and application and development professional services. It offers services including soft-switch services for ShoreTel IP Telephony as well as integrated software modules for business intelligence analytics and reporting.