Last $6.74 USD
Change Today -0.13 / -1.89%
Volume 186.5K
SHOR On Other Exchanges
As of 5:20 PM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

shoretel inc (SHOR) Snapshot

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01/7/14 - $9.81
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08/21/13 - $4.37
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shoretel inc (SHOR) Details

ShoreTel, Inc., together with its subsidiaries, provides Internet protocol (IP) unified communications (UC) systems for enterprises in the United States and internationally. The company’s systems are based on its distributed software architecture and switch-based hardware platform that enable multi-site enterprises to be served by a single telecommunications system. Its solutions include ShoreTel IP Phones; ShoreTel Voice Switches; ShoreTel Service Appliances; ShoreTel Director, which enables IT administrators to view and manage the entire system of the enterprise from any location using a single application; and Small Business Edition for smaller businesses. The company also offers ShoreTel Dock, a docking station for the mobile generation that turns smart phones and tablets into desk phones; unified messaging solutions; and Automated Attendant software, which enables the enterprises to direct callers to appropriate individuals, groups, or messages. In addition, it provides ShoreTel Communicator that enables to communicate through video, voice, instant messaging, and more; conferencing and collaboration solutions; ShoreTel Contact Center that enables organizations to route incoming contacts to appropriate agent in a multisite contact center; and ShoreTel Mobility for smartphone users that allows the user to communicate from any location, including office, home, or through Wi-Fi hotspots. Further, the company offers custom application development, integration, and implementation services for businesses; and professional services, system design and installation, training and technical support services. ShoreTel sells its premise-based and hosted solutions for professional services, financial services, government, education, health care, manufacturing, non-profit, and technology industries through its direct sales force, resellers, and value-added distributors. The company was founded in 1996 and is headquartered in Sunnyvale, California.

954 Employees
Last Reported Date: 08/7/14
Founded in 1996

shoretel inc (SHOR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $280.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $290.0K
Senior Vice President of Worldwide Sales
Total Annual Compensation: $486.4K
Compensation as of Fiscal Year 2013.

shoretel inc (SHOR) Key Developments

ShoreTel Appoints Frederic Gillant as Vice President and Managing Director of Asia Pacific

ShoreTel(R) announced the appointment of Frederic Gillant as vice president and managing director for Asia Pacific. Based in Singapore, Gillant will lead ShoreTel's go-to-market strategy across Asia Pacific with the goals of driving sales, expanding the partner ecosystem, developing new business and managing the sales and marketing operations in the region. Reporting directly to US-based senior vice president of worldwide sales, David Petts, Gillant brings 24 years of industry experience to the role with a 14 year working history in Asia Pacific, including Singapore (where he is a permanent resident), Beijing, Taichung (Taiwan) and Kuala Lumpur.

ShoreTel Launches Major Update to ShoreTel Mobility, Version 8

ShoreTel launched a major update to ShoreTel Mobility, version 8, that empowers everyone with simple, seamless mobile-enabled video conferencing to ensure employees can always stay connected with their colleagues wherever they may be working. ShoreTel Mobility 8 has integration with the ShoreTel Communicator desktop call-control suite, and the new software introduces a virtualized ShoreTel Mobility Router so IT departments can easily mobile-enable the company workforce to encourage collaboration and productivity. ShoreTel Mobility 8 makes it easy to communicate via video between iOS and Android smartphones and tablets using the ShoreTel Mobility Client, with single touch video calling from the keypad. With ShoreTel Mobility 8, users can participate in multi-party video sessions from mobile devices to room-based video communication systems. ShoreTel Mobility 8 also supports video communication from the user's Windows desktop using ShoreTel Communicator. Mobility 8 has seamless integration with ShoreTel Communicator, enabling employees to fully control their ShoreTel Mobility client using the same easy-to-use, intuitive ShoreTel Communicator interface they use to manage their desk phone. Another enhancement to the Mobility client is that the join button for one-touch audio bridge login now works with third-party Web collaboration tools, freeing users from juggling apps while trying to memorize numbers and passcodes. ShoreTel Mobility 8 has the ultimate deployment flexibility for on-premises customers with the virtualization of the mobility router. The Virtual ShoreTel Mobility Router (vSMR) deployment option lowers costs for hardware and IT staff and improves overall TCO for deployments. Customers can leverage existing ShoreTel appliances or deploy ShoreTel Mobility software on VMWare platforms. ShoreTel Mobility 8 is available now worldwide for premises-based customers from qualified ShoreTel reseller partners.

ShoreTel, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended June 30, 2014; Provides Earnings Guidance for the First Quarter and Full Year of Fiscal 2015

ShoreTel, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended June 30, 2014. For the quarter, the company reported total revenue of $88,619,000 compared to $85,603,000 a year ago. Income from operations was $2,233,000 compared to loss from operations of $1,696,000 a year ago. Income before provision for income taxes was $2,042,000 compared to loss before provision for income taxes of $2,222,000 a year ago. Net income was $2,143,000 or $0.03 per basic and diluted share compared to net loss of $2,300,000 or $0.04 per basic and diluted share a year ago. Non-GAAP income from operations was $5,543,000 compared to $3,959,000 a year ago. Non-GAAP net income was $4,857,000 or $0.08 per diluted share compared to $3,382,000 or $0.06 per diluted share a year ago. The generated $8.3 million of cash flow from operations in the quarter, representing an improvement of above third quarter levels, due to the higher profitability and better working capital utilization. For the year, the company reported total revenue of $339,792,000 compared to $313,543,000 a year ago. Income from operations was $830,000 compared to loss from operations of $22,864,000 a year ago. Loss before provision for income taxes was $450,000 compared to $25,276,000 a year ago. Net loss was $1,036,000 or $0.02 per basic and diluted share compared to $25,702,000 or $0.44 per basic and diluted share a year ago. Non-GAAP income from operations was $16,893,000 compared to $233,000 a year ago. Non-GAAP net income was $14,705,000 or $0.23 per diluted share compared to loss of $1,642,000 or $0.03 per diluted share a year ago. For the full year, the company generated cash flow from operations of close to $36 million, which allowed to fund various growth actions, pay off its debt and invest $11.7 million on capital expenditures. The company is providing outlook for its fiscal first quarter of 2015 ending September 30, 2014. For the quarter, total revenue is expected to be in the range of $84.0 million to $89.0 million. Non-GAAP gross margin, which excludes approximately 1.5% in stock-based compensation charges, amortization of acquisition-related intangibles and other charges, is expected to be in the range of 60.0% to 61.0%. GAAP total gross margin is expected to be in the range of 58.5% to 59.5%. In fiscal 2015, the company expects to spend a similar amount on capital expenditures as it spent in fiscal year 2014, which was just under $12 million. The company expects that its non-GAAP cash tax rate for the year will be roughly 10%, reflecting the availability -- available net operating losses of over $90 million that it can apply against future earnings.


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