Fusion Telecommunications Int'l, Inc. (FSNN) Expected to Post Quarterly Sales of $34.95 Million

Brokerages expect Fusion Telecommunications Int'l, Inc. (NASDAQ:FSNN) to report $34.95 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Fusion Telecommunications Int'l’s earnings, with estimates ranging from $33.50 million to $36.40 million. Fusion Telecommunications Int'l posted sales of $28.94 million during the same quarter last year, which would indicate a positive year over year growth rate of 20.8%. The company is scheduled to issue its next quarterly earnings report on Monday, March 19th.

On average, analysts expect that Fusion Telecommunications Int'l will report full-year sales of $34.95 million for the current fiscal year, with estimates ranging from $143.75 million to $146.66 million. For the next year, analysts expect that the firm will post sales of $456.81 million per share. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for Fusion Telecommunications Int'l.

Fusion Telecommunications Int'l (NASDAQ:FSNN) last released its quarterly earnings results on Monday, November 13th. The Wireless communications provider reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.06). Fusion Telecommunications Int'l had a negative net margin of 10.36% and a negative return on equity of 276.63%.

FSNN has been the topic of a number of research analyst reports. Zacks Investment Research cut shares of Fusion Telecommunications Int'l from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. B. Riley reissued a “buy” rating and issued a $3.00 price target on shares of Fusion Telecommunications Int'l in a research note on Tuesday, November 7th. Finally, ValuEngine cut shares of Fusion Telecommunications Int'l from a “hold” rating to a “sell” rating in a research note on Friday, December 1st.

Institutional investors and hedge funds have recently made changes to their positions in the business. Sii Investments Inc. WI acquired a new stake in Fusion Telecommunications Int'l during the 3rd quarter worth $112,000. FNY Partners Fund LP acquired a new stake in Fusion Telecommunications Int'l during the 3rd quarter worth $135,000. JPMorgan Chase & Co. acquired a new stake in Fusion Telecommunications Int'l during the 3rd quarter worth $162,000. Engineers Gate Manager LP acquired a new stake in Fusion Telecommunications Int'l during the 3rd quarter worth $189,000. Finally, Kirr Marbach & Co. LLC IN acquired a new stake in Fusion Telecommunications Int'l during the 4th quarter worth $360,000. 22.98% of the stock is currently owned by institutional investors.

Fusion Telecommunications Int'l (FSNN) traded down $0.23 during trading on Monday, reaching $2.82. 463,417 shares of the company were exchanged, compared to its average volume of 388,990. Fusion Telecommunications Int'l has a 1 year low of $1.11 and a 1 year high of $4.42. The firm has a market cap of $71.78, a PE ratio of -3.48 and a beta of 1.55. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 165.01.

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About Fusion Telecommunications Int'l

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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