ShoreTel Receives a Buy from William Blair

By Carrie Williams

William Blair analyst Dmitry Netis reiterated a Buy rating on ShoreTel (NASDAQ: SHOR) on October 28. The company’s shares closed last Friday at $6.95.

According to TipRanks.com, Netis is a 5-star analyst with an average return of 6.1% and a 54.2% success rate. Netis covers the Technology sector, focusing on stocks such as Interactive Intelligence, Juniper Networks, and Vonage Holdings.

ShoreTel has an analyst consensus of Moderate Buy.

The company has a one year high of $10.56 and a one year low of $5.83. Currently, ShoreTel has an average volume of 534.7K.

Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SHOR in relation to earlier this year. Most recently, in February 2016, Mark Bregman, a a Director at SHOR sold 5,000 shares for a total of $38,700.

ShoreTel, Inc. engages in development and sale of Internet Protocol (IP) unified communication systems and solutions. It provides communication solutions, comprised of integrated voice, video, data and mobile applications based on IP technologies architecture and switch based hardware and its business communication solutions, which enables multi-site enterprises to be served by a single integrated communication system. The company operates through two segments: Hosted and Premise. The Hosted segment includes hosted solutions and related services. The Premise segment includes legacy premise solutions. The company was founded by Edwin J. Basart & Mike Harrigan on September 17, 1996 and is headquartered in Sunnyvale, CA.