Revenue Estimates Raised For ShoreTel Inc. (SHOR)

Analysts at Northland Securities raised their revenue estimate from $142.1 million to $ $143.2 million for ShoreTel, Inc. (NASDAQ: SHOR).

ShoreTel, Inc. reported a solid second quarter reiterating its plan to increase S&M and R&D costs in the third and fourth quarter. Gross margin was strong at 64.5% on lower supply costs. Cash at SHOR grew from $100 million to $115 million and Day Sales Outstanding (DSO) declined 3 days sequentially to 40. The firm maintained a rating of Market Perform for ShoreTel, Inc.