Fusion Telecommunications Int'l, Inc. (NASDAQ:FSNN) Forecasted to Earn FY2017 Earnings of ($0.66) Per Share

Fusion Telecommunications Int'l, Inc. (NASDAQ:FSNN) – Analysts at B. Riley dropped their FY2017 EPS estimates for shares of Fusion Telecommunications Int'l in a research report issued on Tuesday, according to Zacks Investment Research. B. Riley analyst J. Nichols now forecasts that the Wireless communications provider will earn ($0.66) per share for the year, down from their prior estimate of ($0.56). B. Riley has a “Buy” rating and a $3.00 price target on the stock. B. Riley also issued estimates for Fusion Telecommunications Int'l’s Q4 2017 earnings at ($0.12) EPS.

Several other equities analysts have also commented on the stock. ValuEngine raised shares of Fusion Telecommunications Int'l from a “strong sell” rating to a “sell” rating in a report on Monday, August 28th. Craig Hallum reaffirmed a “buy” rating and set a $5.00 target price (up previously from $3.00) on shares of Fusion Telecommunications Int'l in a report on Wednesday, August 30th. Finally, Zacks Investment Research raised shares of Fusion Telecommunications Int'l from a “hold” rating to a “buy” rating and set a $3.50 price target for the company in a research report on Monday, September 4th.

Fusion Telecommunications Int'l (NASDAQ:FSNN) traded up $0.03 during trading on Friday, reaching $3.79. 201,208 shares of the company were exchanged, compared to its average volume of 223,308. Fusion Telecommunications Int'l has a twelve month low of $1.11 and a twelve month high of $3.94. The company has a debt-to-equity ratio of 165.01, a quick ratio of 0.56 and a current ratio of 0.56.

In other Fusion Telecommunications Int'l news, major shareholder Asa Apptix sold 176,000 shares of Fusion Telecommunications Int'l stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $2.89, for a total transaction of $508,640.00. Following the transaction, the insider now owns 2,510,012 shares of the company’s stock, valued at $7,253,934.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Unterberg Capital Llc sold 87,200 shares of Fusion Telecommunications Int'l stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $2.89, for a total transaction of $252,008.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,408,869 shares of company stock valued at $3,984,016. Corporate insiders own 19.10% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. bought a new position in Fusion Telecommunications Int'l during the third quarter valued at $1,041,000. EAM Investors LLC bought a new position in shares of Fusion Telecommunications Int'l in the third quarter worth about $575,000. B. Riley Financial Inc. bought a new position in shares of Fusion Telecommunications Int'l in the second quarter worth about $145,000. Engineers Gate Manager LP bought a new position in shares of Fusion Telecommunications Int'l in the third quarter worth about $189,000. Finally, JPMorgan Chase & Co. bought a new position in shares of Fusion Telecommunications Int'l in the third quarter worth about $162,000. Institutional investors and hedge funds own 23.11% of the company’s stock.

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Fusion Telecommunications Int'l 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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Earnings History and Estimates for Fusion Telecommunications Int'l (NASDAQ:FSNN)

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