NEW YORK (
) is trading at unusually high volume Friday with 1.3 million shares changing hands. It is currently at four times its average daily volume and trading up 46 cents (+5.6%) at $8.69 as of 3:17 p.m. ET.
ShoreTel has a market cap of $377.9 million and is part of the
industry. Shares are up 5.4% year to date as of the close of trading on Thursday.
ShoreTel, Inc., together with its subsidiaries, provides Internet protocol (IP) telecommunications systems for enterprises in the United States.
TheStreet Ratings rates ShoreTel as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full
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