ShoreTel Inc (SHOR) Releases Earnings Results, Misses Expectations By $-0.03 EPS

ShoreTel Inc (SHOR) reported quarterly earnings results on Thursday, Apr-28-2016. The company reported $-0.06 earnings per share for the quarter, missing the analyst consensus estimate by $-0.03. Analysts had a consensus of $-0.03. The company posted revenue of $85.20 million in the period, compared to analysts expectations of $88.51 million. The company’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 EPS.

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.

In a different news, on Feb 5, 2016, Mark Bregman (director) sold 5,000 shares at $7.74 per share price. According to the SEC, on Sep 1, 2015, Kenneth D Denman (director) sold 6,367 shares at $7.40 per share price. On Jun 2, 2015, Charles Kissner (director) sold 3,168 shares at $6.86 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

ShoreTel Inc

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