Media stories about ShoreTel (NASDAQ:SHOR) have trended somewhat positive this week, according to Accern. The research group rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. ShoreTel earned a news sentiment score of 0.10 on Accern’s scale. Accern also assigned news articles about the communications equipment provider an impact score of 46.8055579646361 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Shares of ShoreTel (NASDAQ SHOR) traded down 0.333% during midday trading on Tuesday, reaching $7.475. The company’s stock had a trading volume of 588,951 shares. ShoreTel has a 52-week low of $5.55 and a 52-week high of $8.50. The stock has a 50 day moving average price of $7.33 and a 200-day moving average price of $6.40. The company’s market capitalization is $512.16 million.

ShoreTel (NASDAQ:SHOR) last posted its earnings results on Wednesday, August 2nd. The communications equipment provider reported $0.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.04. The business had revenue of $95.72 million during the quarter, compared to the consensus estimate of $90.69 million. ShoreTel had a negative return on equity of 0.67% and a negative net margin of 3.48%. Equities research analysts expect that ShoreTel will post $0.15 EPS for the current year.

SHOR has been the topic of several research reports. Zacks Investment Research raised ShoreTel from a “hold” rating to a “buy” rating and set a $6.50 price target on the stock in a research report on Tuesday, July 18th. Northland Securities reissued a “buy” rating and set a $10.00 price target on shares of ShoreTel in a research report on Tuesday, July 4th. Lake Street Capital lowered ShoreTel from a “buy” rating to a “hold” rating and set a $7.50 target price on the stock. in a research report on Monday, July 31st. William Blair lowered ShoreTel from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 27th. Finally, Sidoti lowered ShoreTel from a “buy” rating to a “neutral” rating in a research report on Friday, July 28th. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. ShoreTel presently has an average rating of “Hold” and an average price target of $7.17.

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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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