Fusion Telecommunications Int’l, Inc. (FSNN) Issues Revenue Results

Fusion Telecommunications Int’l, Inc. (FSNN) Issues  Revenue Results

Fusion Telecommunications Int'l, Inc. (NASDAQ:FSNN) released its quarterly earnings data on Monday. The company reported ($0.26) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.31) by $0.05. Fusion Telecommunications Int'l had a negative net margin of 5.63% and a negative return on equity of 111.09%.

Shares of Fusion Telecommunications Int'l (NASDAQ:FSNN) opened at 1.64 on Tuesday. Fusion Telecommunications Int'l has a 52-week low of $0.96 and a 52-week high of $2.46. The stock’s market cap is $29.62 million. The company’s 50-day moving average is $1.51 and its 200-day moving average is $1.49.

Separately, Craig Hallum began coverage on shares of Fusion Telecommunications Int'l in a research note on Wednesday, January 4th. They set a “buy” rating and a $3.00 price objective on the stock.

An institutional investor recently raised its position in Fusion Telecommunications Int'l stock. Spears Abacus Advisors LLC increased its position in shares of Fusion Telecommunications Int'l, Inc. (NASDAQ:FSNN) by 763.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 200,000 shares of the company’s stock after buying an additional 176,834 shares during the period. Spears Abacus Advisors LLC owned about 1.33% of Fusion Telecommunications Int'l worth $330,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 20.57% of the company’s stock.

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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