Fusion Telecommunications International (FSNN) Receiving Somewhat Favorable News Coverage, Analysis Shows
News articles about Fusion Telecommunications International (NASDAQ:FSNN) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Fusion Telecommunications International earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave media stories about the Wireless communications provider an impact score of 45.4206586699496 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- Fusion’s (FSNN) CEO Matt Rosen on Q3 2017 Results – Earnings Call Transcript (seekingalpha.com)
- Fusion Telecommunications Int’l, Inc. : Fusion Telecommunications International Inc to Host Earnings Call (4-traders.com)
- Fusion Reports Third Quarter 2017 Financial Results (finance.yahoo.com)
- Zacks: Analysts Set $4.00 Target Price for Fusion Telecommunications International, Inc. (FSNN) (americanbankingnews.com)
A number of equities analysts recently weighed in on the company. B. Riley reissued a “buy” rating and set a $3.00 price objective on shares of Fusion Telecommunications International in a report on Sunday, August 20th. 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 report on Monday, September 4th. Craig Hallum reissued a “buy” rating and set a $5.00 price objective (up from $3.00) on shares of Fusion Telecommunications International in a report on Wednesday, August 30th. Finally, ValuEngine cut Fusion Telecommunications International from a “hold” rating to a “sell” rating in a report on Monday, October 2nd.
Shares of Fusion Telecommunications International (NASDAQ FSNN) traded down $0.09 during mid-day trading on Tuesday, hitting $2.42. The stock had a trading volume of 296,700 shares, compared to its average volume of 215,110. Fusion Telecommunications International has a 12-month low of $1.11 and a 12-month high of $3.57. The company has a debt-to-equity ratio of 21.55, a quick ratio of 0.49 and a current ratio of 0.49.
Fusion Telecommunications International (NASDAQ:FSNN) last issued its quarterly earnings data on Monday, August 14th. The Wireless communications provider reported ($0.14) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.01. The firm 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%. research analysts forecast that Fusion Telecommunications International will post -0.59 earnings per share for the current year.
In other news, major shareholder Unterberg Capital Llc sold 477,948 shares of the business’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $3.26, for a total value of $1,558,110.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Asa Apptix sold 176,000 shares of the business’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $2.89, for a total value of $508,640.00. Following the completion of the transaction, the insider now owns 2,510,012 shares of the company’s stock, valued at approximately $7,253,934.68. The disclosure for this sale can be found here. Insiders have sold 3,204,017 shares of company stock worth $8,786,629 over the last 90 days. 19.10% of the stock is currently owned by corporate insiders.
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About Fusion Telecommunications International
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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