Fusion Telecommunications Int'l(NASDAQ:FSNN) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Mar 20, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Earnings per share were $-0.24.
Fusion Telecommunications Int'l (FSNN) shares turned negative on Wednesdays trading session with the shares closing down -0.02 points or -1.28% at a volume of 14,644. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $1.56. The peak price level was also seen at $1.56 while the days lowest was $1.5. Finally the shares closed at $1.54. The 52-week high of the shares is $2.46 while the 52-week low is $0.96. According to the latest information available, the market cap of the company is $32 M.
Several Insider Transactions has been reported to the SEC. On Nov 22, 2016, Phillip Turits (Treasurer and Secretary) purchased 4,348 shares at $1.15 per share price.Also, On Nov 21, 2016, Marvin S Rosen (director) purchased 195,652 shares at $1.15 per share price.On Nov 21, 2016, Matthew D Rosen (CEO) purchased 21,739 shares at $1.15 per share price, according to the Form-4 filing with the securities and exchange commission.
Fusion Telecommunications International Inc. (Fusion) is a provider of Internet protocol (IP) based digital voice and data communications services to corporations and carriers worldwide. The Company offers a comprehensive suite of cloud communications cloud connectivity and managed cloud-based applications solutions to small medium and large businesses and domestic and international voice services worldwide. Fusion advanced proprietary cloud services platform enables the integration of solutions in the cloud increasing customer collaboration and productivity by seamlessly connecting employees partners customers and vendors. The Company operates in two business segments: Business Services and Carrier Services. Fusion has its operation within cloud services assets used by Broadvox LLC and its affiliate Cypress Communications LLC.