What Next for Fusion Telecommunications International, Inc. (FSNN) Stock After Today’s Huge Increase?

March 22, 2018 - By reb123z

The stock of Fusion Telecommunications International, Inc. (NASDAQ:FSNN) is a huge mover today! The stock increased 14.76% or $0.4 during the last trading session, reaching $3.11. About 813,930 shares traded or 155.88% up from the average. Fusion Telecommunications International, Inc. (NASDAQ:FSNN) has risen 10.45% since March 22, 2017 and is uptrending. It has underperformed by 6.25% the S&P500.
The move comes after 5 months positive chart setup for the $110.65 million company. It was reported on Mar, 22 by Barchart.com. We have $3.30 PT which if reached, will make NASDAQ:FSNN worth $6.64 million more.

Fusion Telecommunications International, Inc. (NASDAQ:FSNN) Ratings Coverage

Among 3 analysts covering Fusion Telecommunications International (NASDAQ:FSNN), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Fusion Telecommunications International had 6 analyst reports since January 4, 2017 according to SRatingsIntel. FBR Capital maintained the shares of FSNN in report on Thursday, January 11 with “Buy” rating. The rating was maintained by FBR Capital on Tuesday, November 14 with “Buy”. B. Riley & Co maintained the stock with “Buy” rating in Tuesday, August 29 report. Craig Hallum maintained the shares of FSNN in report on Wednesday, August 30 with “Buy” rating.

Fusion Telecommunications International, Inc., together with its subsidiaries, provides cloud communications, cloud connectivity, cloud infrastructure, cloud computing, and managed cloud solutions to small, medium, and large businesses worldwide. The company has market cap of $110.65 million. The firm operates in two divisions, Business Services and Carrier Services. It currently has negative earnings. The Business Services segment offers cloud voice and unified communications as a service, which enhance communication and collaboration on virtually various devices and places; cloud connectivity services that connect clients to the cloud with managed network solutions; and cloud computing and infrastructure as service solutions that are designed to provide enterprise clients with a platform on which additional cloud services can be layered, as well as SIP trunking solution, which allows a customer to retain and use its existing telephone system.

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