ShoreTel, Inc. (NASDAQ:SHOR) Marks the New 52-Week High at $6


Dallas, Texas 09/17/2013 (Financialstrend) – Worldwide provider of Internet protocol (IP) communications systems, ShoreTel, Inc. (NASDAQ:SHOR) provides solutions like ShoreTel Director to manage enterprising systems from any given location using a single applications alongside providing ShoreTel IP Phones, ShoreTel Communicator, ShoreTel Service Appliances, ShoreTel Mobility, Unified Messaging solutions, Automated Attendant and Small Business Edition solution. ShoreTel (NASDAQ: SHOR) also offers enterprise and professional services including system design and installation; application development, integration, and implementation services; post-contractual support; and training.

On Monday, September 16 the stock closed at $5.94, surged over 3.65% from its previous close. 865k shares were traded during the session and the 30 day average trading volume stands at 463k. The session was special for ShoreTel, Inc. (NASDAQ:SHOR) shares as they marked new 52-week high of $6 before the closing. The intraday range for the stock was $5.77 – $6.00 and 52-week range remains $3.25 and $6. The stock has witnessed more than 63% gain over the past three months as the stock price surged by $2.31 per share. ShoreTel, Inc. (NASDAQ:SHOR) has market capitalization of just over $350 million.

RecentlyShoreTel, Inc. (NASDAQ:SHOR) has received a ‘Strong Positive’, in the Gartner’s report ‘MarketScope for Unified Communications for the SMB Market, North America’. Gartner’s ‘Strong Positive’ rating is referred to as a provider of strategic products, services or solutions. The company has received this highest possible rating for the fourth consecutive year making it only such company listed in the report. For the purpose of this report, Small and Medium sized Businesses are firms that have in between 20 to 499 employees.

The company and its cloud based communications solution (ShoreTel Sky) is also a recipient of the Internet Telephony Excellence Award 2013 to be presented by Internet Telephony magazine.  ShoreTel Sky, one of the top rated cloud solutions on the market today, reaches out to 2,500 companies and 100,000 individuals meeting their basic needs to even more sophisticated solutions.