Wall Street analysts expect Fusion Telecommunications International, Inc. (NASDAQ:FSNN) to report $134.85 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Fusion Telecommunications International’s earnings. The lowest sales estimate is $127.27 million and the highest is $142.43 million. Fusion Telecommunications International reported sales of $36.36 million during the same quarter last year, which indicates a positive year over year growth rate of 270.9%. The company is expected to issue its next earnings report on Monday, November 12th.

On average, analysts expect that Fusion Telecommunications International will report full-year sales of $478.56 million for the current year, with estimates ranging from $435.22 million to $521.90 million. For the next fiscal year, analysts expect that the business will post sales of $581.53 million, with estimates ranging from $580.89 million to $582.17 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Fusion Telecommunications International.

Fusion Telecommunications International (NASDAQ:FSNN) last posted its quarterly earnings results on Tuesday, August 14th. The Wireless communications provider reported ($0.34) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.15). Fusion Telecommunications International had a negative net margin of 13.39% and a negative return on equity of 147.98%. The business had revenue of $120.80 million during the quarter, compared to analysts’ expectations of $123.57 million.

A number of analysts recently weighed in on FSNN shares. Zacks Investment Research upgraded Fusion Telecommunications International from a “sell” rating to a “hold” rating in a research note on Tuesday, July 17th. BidaskClub upgraded Fusion Telecommunications International from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 26th. Finally, Dawson James started coverage on Fusion Telecommunications International in a research note on Tuesday, July 10th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $6.50.

Fusion Telecommunications International stock opened at $2.38 on Friday. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of -4.91. Fusion Telecommunications International has a 1-year low of $2.36 and a 1-year high of $6.63. The company has a market capitalization of $197.73 million, a P/E ratio of -2.18 and a beta of 1.57.

In other Fusion Telecommunications International news, insider Jonathan Kaufman sold 86,440 shares of the business’s stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $4.00, for a total transaction of $345,760.00. Following the sale, the insider now directly owns 26,061 shares in the company, valued at $104,244. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 19.10% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of FSNN. BlackRock Inc. boosted its position in Fusion Telecommunications International by 43.6% during the first quarter. BlackRock Inc. now owns 56,098 shares of the Wireless communications provider’s stock worth $181,000 after purchasing an additional 17,046 shares in the last quarter. Northern Trust Corp boosted its position in Fusion Telecommunications International by 83.9% during the first quarter. Northern Trust Corp now owns 76,446 shares of the Wireless communications provider’s stock worth $247,000 after purchasing an additional 34,880 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Fusion Telecommunications International by 673.3% during the first quarter. Dimensional Fund Advisors LP now owns 108,195 shares of the Wireless communications provider’s stock worth $349,000 after purchasing an additional 94,204 shares in the last quarter. KEMPER Corp purchased a new stake in Fusion Telecommunications International during the second quarter worth $357,000. Finally, Russell Investments Group Ltd. purchased a new stake in Fusion Telecommunications International during the second quarter worth $2,809,000. Institutional investors own 16.33% of the company’s stock.

About Fusion Telecommunications International

Fusion Connect, Inc provides integrated cloud solutions to small, medium, and large businesses. Its proprietary service platform enables the integration of solutions in the cloud, including cloud voice and unified communications, contact center, cloud connectivity, and cloud computing, as well as additional cloud services, such as storage and security.

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

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