Media coverage about Fusion Telecommunications International (NASDAQ:FSNN) has trended somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Fusion Telecommunications International earned a news impact score of 0.07 on Accern’s scale. Accern also assigned press coverage about the Wireless communications provider an impact score of 45.5268610505467 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news stories that may have effected Accern’s scoring:
- Birch announces departure of Tony Tomae, President & CEO (finance.yahoo.com)
- Fusion Migrates Rapidly Growing Natural Food Chain to the Cloud in Agreement Expected to Reach $3.3 Million in Value by 2019 (finance.yahoo.com)
- Zacks: Fusion Telecommunications International, Inc. (FSNN) Given $4.00 Consensus Price Target by Brokerages (americanbankingnews.com)
- Fusion Selected by Leading Southeast Insurance Company to Provide Cloud Communications Solution for FEMA Hurricane Relief Efforts (finance.yahoo.com)
- Fusion Sets Third Quarter 2017 Financial Results Conference Call for Monday, November 13, 2017 at 4:30 p.m. ET (finance.yahoo.com)
Several research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Fusion Telecommunications International from a “hold” rating to a “buy” rating and set a $3.50 price target for the company in a report on Monday, September 4th. B. Riley reissued a “buy” rating and set a $3.00 price target on shares of Fusion Telecommunications International in a report on Sunday, September 3rd. Craig Hallum reissued a “buy” rating and set a $5.00 price target (up from $3.00) on shares of Fusion Telecommunications International in a report on Wednesday, August 30th. Finally, ValuEngine cut shares of 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) opened at 2.77 on Wednesday. Fusion Telecommunications International has a 52-week low of $1.10 and a 52-week high of $3.57. The firm’s market capitalization is $62.34 million. The stock has a 50 day moving average of $2.76 and a 200 day moving average of $1.87.
Fusion Telecommunications International (NASDAQ:FSNN) last released its quarterly earnings results on Monday, August 14th. The Wireless communications provider reported ($0.14) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.01. Fusion Telecommunications International had a negative net margin of 10.47% and a negative return on equity of 202.95%. The business had revenue of $38.09 million for the quarter, compared to analyst estimates of $32.47 million. On average, analysts predict that Fusion Telecommunications International will post ($0.59) EPS for the current fiscal year.
In other Fusion Telecommunications International news, major shareholder Unterberg Capital Llc sold 477,948 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $3.26, for a total value of $1,558,110.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Asa Apptix sold 187,914 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $3.00, for a total transaction of $563,742.00. Following the completion of the sale, the insider now directly owns 2,510,012 shares of the company’s stock, valued at $7,530,036. 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 ninety days. 19.10% of the stock is currently owned by 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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