Somewhat Favorable Media Coverage Likely to Affect ShoreTel (SHOR) Stock Price
News stories about ShoreTel (NASDAQ:SHOR) have trended somewhat positive recently, AlphaOne Sentiment Analysis reports. The research group, a service of Accern, rates the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. ShoreTel earned a coverage optimism score of 0.20 on AlphaOne’s scale. AlphaOne also gave headlines about the communications equipment provider an impact score of 71 out of 100, meaning that recent news coverage is likely to have an impact on the company’s share price in the next several days.
These are some of the news headlines that may have impacted Alpha One Sentiment Analysis’s scoring:
- ETFs with exposure to ShoreTel, Inc. : June 15, 2017 (finance.yahoo.com)
- Brokerages Anticipate ShoreTel, Inc. (SHOR) Will Post Quarterly Sales of $90.69 Million (americanbankingnews.com)
- New report shares details about the VoIP services market predicted to rake US$ 194.5 billion by 2024 (whatech.com)
- BRIEF-Shoretel announces transition of chairperson of board (reuters.com)
- ShoreTel names Robison new board chairperson (seekingalpha.com)
A number of equities analysts recently issued reports on the stock. TheStreet cut shares of ShoreTel from a “c-” rating to a “d+” rating in a research report on Thursday, February 16th. Zacks Investment Research cut shares of ShoreTel from a “buy” rating to a “hold” rating in a research report on Thursday, March 30th. Finally, ValuEngine lowered shares of ShoreTel from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. ShoreTel currently has an average rating of “Buy” and an average target price of $7.75.
Shares of ShoreTel (NASDAQ:SHOR) remained flat at $5.90 on Friday. The company’s stock had a trading volume of 263,193 shares. The firm has a 50 day moving average price of $6.18 and a 200 day moving average price of $6.59. The company’s market capitalization is $402.82 million. ShoreTel has a 52 week low of $5.55 and a 52 week high of $8.56.
ShoreTel (NASDAQ:SHOR) last issued its quarterly earnings results on Wednesday, April 26th. The communications equipment provider reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.06. The company had revenue of $87.70 million during the quarter, compared to the consensus estimate of $84.03 million. ShoreTel had a negative return on equity of 1.15% and a negative net margin of 3.43%. ShoreTel’s revenue was up 2.9% on a year-over-year basis. During the same period last year, the company earned ($0.06) earnings per share. Equities analysts predict that ShoreTel will post $0.06 earnings per share for the current year.
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ShoreTel Company Profile
ShoreTel, Inc is a provider of business communication solutions. The Company is engaged in the design, development, marketing and sale of business communication solutions. The Company is focused on the small and medium sized businesses seeking a unified communications (UC) solution allowing them to communicate anytime, anyplace and through any device they chose.
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