Last $7.66 USD
Change Today -0.05 / -0.65%
Volume 309.0K
SHOR On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

shoretel inc (SHOR) Snapshot

Open
$7.79
Previous Close
$7.71
Day High
$7.80
Day Low
$7.55
52 Week High
01/7/14 - $9.81
52 Week Low
10/15/14 - $5.73
Market Cap
484.3M
Average Volume 10 Days
569.6K
EPS TTM
--
Shares Outstanding
63.2M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SHORETEL INC (SHOR)

shoretel inc (SHOR) Related Businessweek News

No Related Businessweek News Found

shoretel inc (SHOR) Details

ShoreTel, Inc., together with its subsidiaries, provides business communication solutions in the United States and internationally. It offers integrated voice, video, data, and mobile applications based on Internet protocol technologies. 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 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; ShoreTel IP Phones; and Small Business Edition 100 for smaller businesses. The company also provides ShoreTel Mobility for smartphone users that allows the user to communicate from any location, including office, home, or through Wi-Fi hotspots; ShoreTel Communicator that enables to communicate through video, voice, instant messaging, and others; conferencing and collaboration solutions; Microsoft Integration that offers a range of integration options with applications, such as Microsoft lync, Microsoft exchange, Microsoft office, and Microsoft Internet explore; and ShoreTel Contact Center that enables organizations to route incoming contacts to appropriate agent in a multisite contact center. In addition, it offers custom application development, integration, and implementation services for businesses; and professional, system design and installation, training, and technical support services. ShoreTel, Inc. sells its premise-based and hosted solutions for professional services, financial services, government, education, health care, manufacturing, non-profit organizations, 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: 09/11/14
Founded in 1996

shoretel inc (SHOR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $373.5K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $306.7K
Senior Vice President of Services and Operati...
Total Annual Compensation: $228.0K
Senior Vice President of Engineering
Total Annual Compensation: $275.0K
Senior Vice President of Worldwide Sales
Total Annual Compensation: $640.9K
Compensation as of Fiscal Year 2014.

shoretel inc (SHOR) Key Developments

ShoreTel, Inc. Enters into $100 Million Secured Revolving Credit Facility

On October 22, 2014, ShoreTel, Inc. entered into a $100 million secured revolving credit facility pursuant to an amended and restated credit agreement dated October 22, 2014, among the company, the lenders party thereto and Silicon Valley Bank, as administrative agent, issuing lender and swingline lender. The credit agreement amended and restated the company’s prior $50 million secured revolving credit facility pursuant to a credit agreement dated March 15, 2012, among the company, the lenders party thereto and Silicon Valley Bank, as administrative agent. The credit agreement will provide funds for general corporate purposes and working capital, including potential acquisitions. Amounts repaid under the credit facility may be reborrowed. The credit facility matures on October 22, 2019 and is payable in full upon maturity. The credit agreement also provides for a swingline loan sub-facility under the credit facility of up to $5 million and a letter of credit sub-facility under the credit facility of up to $10 million.

ShoreTel, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended September 30, 2014; Provides Earnings Guidance for the Second Quarter Ending December 31, 2014 and for the Fiscal Year 2015

ShoreTel, Inc. reported unaudited consolidated earnings results for the first quarter ended September 30, 2014. For the quarter, the company reported total cost of revenue of $36,653,000 against $33,111,000 a year ago. Income from operations was $1,110,000 against loss from operations of $399,000 a year ago. Income before provision for income tax was $744,000 against loss before provision for income tax of $826,000 a year ago. Net income was $366,000 against net loss of $1,035,000 a year ago. Basic and diluted income per share was $0.01 against basic and diluted loss per share of $0.02 a year ago. Non-GAAP total gross margin was 61.3% against 62.3% a year ago. Non-GAAP income from operations was $5,565,000 against $4,640,000 a year ago. Non-GAAP net income was $4,695,000 or $0.07 basic and diluted net income per share against $4,018,000 or $0.07 basic and diluted net income per share a year ago. Product revenue was $47.7 million, a slight increase from a year ago. The first quarter was another strong result in cash flow from operations of $11.1 million driven by continued profitability and reductions in inventory levels and accounts receivable. That brings cash flow from operations the last 4 quarters to $32.7 million. Cash flow expenditures during the quarter were $3.3 million For the second quarter ending December 31, 2014, total revenue is expected to be in the range of $85.0 million to $91.0 million. Non-GAAP gross margin, which excludes approximately 2% in stock-based compensation charges, amortization of acquisition-related intangibles and other charges, is expected to be in the range of 60.5% to 61.5%. GAAP total gross margin is expected to be in the range of 58.5% to 59.5%. Non-GAAP operating expenses, which exclude approximately $2.5 million in stock-based compensation expenses, amortization of acquisition-related intangibles and other charges, are expected to be in the range of $49.5 million to $50.5 million. GAAP total operating expenses are expected to be in the range of $52.0 million to $53.0 million. The company continued to expect the full year CapEx spend to be approximately $11 million to $12 million. Non-GAAP cash tax rate for fiscal year 2015 will be roughly 10%, reflecting the benefit of significant tax net operating losses that the company can apply against future taxable earnings. In addition, the company still expect hosted revenues to grow in the low 20% range for fiscal year 2015, and remain committed to non-GAAP profitability for the year.

ShoreTel Mulls Acquisitions

ShoreTel, Inc. (NasdaqGS:SHOR) is looking for acquisitions. President and Chief Executive Officer, Don Joos said, “We now have improved financial flexibility created by our profitability, cash flow, and now our new credit facility. In terms of making capital allocations, our first priority is to fund our organic growth initiatives. These include sales and marketing actions as well as the cost to acquire customers.”

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
SHOR:US $7.66 USD -0.05

SHOR Competitors

Market data is delayed at least 15 minutes.

Company Last Change
8x8 Inc $7.57 USD -0.06
BroadSoft Inc $27.14 USD -0.14
Interactive Intelligence Group Inc $44.00 USD -0.35
Jive Software Inc $6.07 USD -0.045
Ruckus Wireless Inc $11.70 USD -0.78
View Industry Companies
 

Industry Analysis

SHOR

Industry Average

Valuation SHOR Industry Range
Price/Earnings 100.0x
Price/Sales 1.4x
Price/Book 2.7x
Price/Cash Flow 1,326.9x
TEV/Sales 1.2x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact SHORETEL INC, please visit www.shoretel.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.