B. Riley Equities Analysts Boost Earnings Estimates for Fusion Telecommunications International, Inc. (FSNN)

Fusion Telecommunications International, Inc. (NASDAQ:FSNN) – Equities researchers at B. Riley lifted their Q2 2018 earnings per share (EPS) estimates for shares of Fusion Telecommunications International in a research report issued to clients and investors on Monday, June 25th. B. Riley analyst J. Nichols now forecasts that the Wireless communications provider will post earnings per share of ($0.19) for the quarter, up from their prior forecast of ($0.25). B. Riley also issued estimates for Fusion Telecommunications International’s Q3 2018 earnings at ($0.10) EPS, Q4 2018 earnings at ($0.08) EPS, FY2018 earnings at ($0.48) EPS and FY2019 earnings at ($0.13) EPS.

Several other equities research analysts have also commented on FSNN. BidaskClub lowered shares of Fusion Telecommunications International from a “hold” rating to a “sell” rating in a research report on Tuesday, June 5th. ValuEngine upgraded shares of Fusion Telecommunications International from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. Finally, Zacks Investment Research lowered shares of Fusion Telecommunications International from a “hold” rating to a “sell” rating in a research report on Tuesday, March 20th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $5.00.

Shares of Fusion Telecommunications International opened at $3.71 on Wednesday, according to MarketBeat. Fusion Telecommunications International has a one year low of $1.66 and a one year high of $6.63. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.39 and a current ratio of 1.39.

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

Several institutional investors have recently added to or reduced their stakes in the stock. Cooper Creek Partners Management LLC boosted its position in shares of Fusion Telecommunications International by 28.8% in the 4th quarter. Cooper Creek Partners Management LLC now owns 1,157,233 shares of the Wireless communications provider’s stock worth $4,340,000 after buying an additional 258,527 shares in the last quarter. Park West Asset Management LLC boosted its position in shares of Fusion Telecommunications International by 83.1% in the 4th quarter. Park West Asset Management LLC now owns 915,437 shares of the Wireless communications provider’s stock worth $3,433,000 after buying an additional 415,437 shares in the last quarter. Hood River Capital Management LLC purchased a new stake in shares of Fusion Telecommunications International in the 1st quarter worth about $1,974,000. Dimensional Fund Advisors LP boosted its position in shares of Fusion Telecommunications International by 673.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 108,195 shares of the Wireless communications provider’s stock worth $349,000 after buying an additional 94,204 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Fusion Telecommunications International by 83.9% in the 1st quarter. Northern Trust Corp now owns 76,446 shares of the Wireless communications provider’s stock worth $247,000 after buying an additional 34,880 shares in the last quarter. Institutional investors and hedge funds own 33.17% of the company’s stock.

In other Fusion Telecommunications International news, Chairman Matthew D. Rosen acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, June 1st. The shares were acquired at an average cost of $3.80 per share, for a total transaction of $38,000.00. Following the transaction, the chairman now directly owns 102,520 shares of the company’s stock, valued at $389,576. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 19.10% of the stock is owned by insiders.

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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