Analyst Rating Update on ShoreTel (SHOR)

ShoreTel (NASDAQ:SHOR) has an average broker rating of 1, which is interpreted as a Strong Buy, as rated by 4 equity analysts. Nonetheless, 4 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell.

ShoreTel (NASDAQ:SHOR) : Average target price received by ShoreTel (NASDAQ:SHOR) is $11.33 with an expected standard deviation of $1.15. The most aggressive target on the stock is $12, whereas the most downbeat target is $10. 3 financial analysts are currently covering the stock.

For the current week, the company shares have a recommendation consensus of Buy.

ShoreTel (NASDAQ:SHOR): stock turned positive on Tuesday. Though the stock opened at $6.17, the bulls momentum made the stock top out at $6.31 level for the day. The stock recorded a low of $6.15 and closed the trading day at $6.24, in the green by 1.96%. The total traded volume for the day was 2,200,568. The stock had closed at $6.12 in the previous days trading.

In an insider trading activity,The director of Shoretel Inc, Bregman Mark sold 5,000 shares at $7.74 on February 3, 2016. The Insider selling transaction had a total value worth of $38,700. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Shoretel, Inc. (ShoreTel) is engaged in the design, development, marketing and sale of business communication solutions. The Company provides business communication solutions, including integrated voice, video, data and mobile applications based on Internet protocol (IP) technologies. It is focused on the small and medium sized businesses (less than 5,000 users), with a Unified Communications platform. It provides ShoreTel solution through multiple deployment options, as well as a set of applications and services for both premise and hosted deployment models, consisting of ShoreTel IP Telephony, ShoreTel Unified Communications, ShoreTel Contact Center, ShoreTel Mobility, and professional services, including ShoreTel Global Services and application and development professional services. It offers services, including soft-switch services for ShoreTel IP Telephony, as well as integrated software modules for business intelligence analytics and reporting.

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