ShoreTel (SHOR) : Traders are bullish on ShoreTel (SHOR) as it has outperformed the S&P 500 by a wide margin of 2.19% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.48%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.03% in the last 1 week, and is up 0.12% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 0.01% and the 50-Day Moving Average is 2.95%.The 200 Day SMA reached 6.59% ShoreTel, Inc. is up 22.12% in the last 3-month period. Year-to-Date the stock performance stands at -8.93%.
ShoreTel (SHOR) : 3 investment research analysts covering ShoreTel (SHOR) have an average price target of $11 for the near short term. The highest target price given by the Brokerage Firm to the stock is $12 and the lowest target is $10 for the short term. Analysts expect the variance to be within $1 of the average price.
For the current week, the company shares have a recommendation consensus of Buy. ShoreTel (NASDAQ:SHOR): The stock opened at $7.95 and touched an intraday high of $8.1 on Friday. During the day, the stock corrected to an intraday low of $7.89, however, the bulls stepped in and pushed the price higher to close in the green at $8.06 with a gain of 0.37% for the day. The total traded volume for the day was 934,631. The stock had closed at $8.06 in the previous trading session.
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 5,000 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.