Fusion Telecommunications International, Inc. (FSNN) Forecasted to Earn Q2 2018 Earnings of ($0.25) Per Share

Fusion Telecommunications International, Inc. (NASDAQ:FSNN) – B. Riley upped their Q2 2018 EPS estimates for Fusion Telecommunications International in a research note issued on Wednesday, May 16th. B. Riley analyst J. Nichols now forecasts that the Wireless communications provider will post earnings per share of ($0.25) for the quarter, up from their previous estimate of ($0.26). B. Riley also issued estimates for Fusion Telecommunications International’s Q3 2018 earnings at ($0.16) EPS, Q4 2018 earnings at ($0.13) EPS, FY2018 earnings at ($0.71) EPS and FY2019 earnings at $0.21 EPS.

FSNN has been the subject of a number of other reports. ValuEngine raised Fusion Telecommunications International from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. Zacks Investment Research lowered Fusion Telecommunications International from a “hold” rating to a “sell” rating in a report on Tuesday, March 20th.

Shares of Fusion Telecommunications International opened at $5.20 on Friday, MarketBeat.com reports. Fusion Telecommunications International has a 12-month low of $5.27 and a 12-month high of $5.36. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.39 and a quick ratio of 0.53.

Fusion Telecommunications International (NASDAQ:FSNN) last issued its quarterly earnings data on Tuesday, May 15th. The Wireless communications provider reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). Fusion Telecommunications International had a negative return on equity of 147.98% and a negative net margin of 10.21%. The business had revenue of $29.04 million during the quarter, compared to the consensus estimate of $35.54 million.

A number of hedge funds and other institutional investors have recently modified their holdings of FSNN. Hood River Capital Management LLC bought a new position in Fusion Telecommunications International during the 1st quarter valued at $1,974,000. Park West Asset Management LLC boosted its stake in Fusion Telecommunications International by 83.1% during the 4th quarter. Park West Asset Management LLC now owns 915,437 shares of the Wireless communications provider’s stock valued at $3,433,000 after purchasing an additional 415,437 shares in the last quarter. Cooper Creek Partners Management LLC boosted its stake in Fusion Telecommunications International by 28.8% during the 4th quarter. Cooper Creek Partners Management LLC now owns 1,157,233 shares of the Wireless communications provider’s stock valued at $4,340,000 after purchasing an additional 258,527 shares in the last quarter. Gilder Gagnon Howe & Co. LLC bought a new position in Fusion Telecommunications International during the 4th quarter valued at $659,000. Finally, Kirr Marbach & Co. LLC IN bought a new position in Fusion Telecommunications International during the 4th quarter valued at $360,000.

About Fusion Telecommunications International

Fusion Telecommunications International, Inc, together with its subsidiaries, provides cloud communications, cloud connectivity, cloud infrastructure, cloud computing, and managed cloud-based solutions to small, medium, and large businesses worldwide. The company operates in two segments, Business Services and Carrier Services.

Earnings History and Estimates for Fusion Telecommunications International (NASDAQ:FSNN)

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