Brokerages Expect Fusion Telecommunications International, Inc. (FSNN) to Announce ($0.12) EPS
Fusion Telecommunications International, Inc. (NASDAQ:FSNN) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.
Analysts have set a one year consensus target price of $4.00 for the company and are predicting that the company will post ($0.12) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Fusion Telecommunications International an industry rank of 72 out of 265 based on the ratings given to related companies.
A number of equities analysts have commented on FSNN shares. Zacks Investment Research raised Fusion Telecommunications International from a “hold” rating to a “buy” rating and set a $3.50 price objective on the stock in a research note on Monday, September 4th. B. Riley restated a “buy” rating and set a $3.00 target price on shares of Fusion Telecommunications International in a research report on Sunday, September 3rd. Craig Hallum restated a “buy” rating and set a $5.00 target price (up previously from $3.00) on shares of Fusion Telecommunications International in a research report on Wednesday, August 30th. Finally, ValuEngine downgraded Fusion Telecommunications International from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd.
Fusion Telecommunications International (NASDAQ FSNN) traded up 1.03% during midday trading on Thursday, reaching $2.94. The company’s stock had a trading volume of 274,557 shares. Fusion Telecommunications International has a 1-year low of $0.96 and a 1-year high of $3.57. The firm has a 50 day moving average price of $2.65 and a 200 day moving average price of $1.75. The firm’s market capitalization is $66.16 million.
Fusion Telecommunications International (NASDAQ:FSNN) last posted its quarterly earnings data on Monday, August 14th. The Wireless communications provider reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.01. The company had revenue of $38.09 million for the quarter, compared to analyst estimates of $32.47 million. Fusion Telecommunications International had a negative return on equity of 202.95% and a negative net margin of 10.47%. On average, analysts predict that Fusion Telecommunications International will post ($0.59) EPS for the current year.
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In other Fusion Telecommunications International news, major shareholder Asa Apptix sold 187,914 shares of the stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $3.00, for a total value of $563,742.00. Following the completion of the sale, the insider now directly owns 2,510,012 shares in the company, valued at $7,530,036. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Unterberg Capital Llc sold 745,000 shares of the stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $2.12, for a total value of $1,579,400.00. The disclosure for this sale can be found here. Insiders sold 3,204,017 shares of company stock valued at $8,786,629 in the last quarter. 19.10% of the stock is currently owned by corporate insiders.
An institutional investor recently raised its position in Fusion Telecommunications International stock. United Capital Financial Advisers LLC grew its holdings in Fusion Telecommunications International, Inc. (NASDAQ:FSNN) by 256.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 134,929 shares of the Wireless communications provider’s stock after acquiring an additional 97,083 shares during the quarter. United Capital Financial Advisers LLC owned 0.65% of Fusion Telecommunications International worth $213,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 20.81% of the company’s stock.
Fusion Telecommunications International Company Profile
Fusion Telecommunications International, Inc is a United States-based provider of integrated cloud solutions, including cloud voice, cloud connectivity, cloud infrastructure, cloud computing, and managed cloud-based applications to businesses, and voice over Internet Protocol (VoIP)-based voice services to carriers.
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