Fusion Telecommunications Int’l, Inc. (NASDAQ:FSNN)’s Shares Dip Slightly Following News

Leading cloud services provider, Fusion Telecommunications Int’l, Inc. (NASDAQ:FSNN), announced that it has signed a three year, $250,000 contract to provide a provide a fully integrated suite of advanced cloud solutions to a major financial services company that provides payment processing solutions and applications to financial institutions and businesses nationwide.

NEW YORK, NY–(Marketwired – October 10, 2016) – Fusion (FSNN), a leading provider of cloud services, today announced that it has been selected to provide a fully integrated suite of advanced cloud solutions to a major financial services company that provides payment processing solutions and applications to financial institutions and businesses nationwide. The three year, $250,000 contract converges cloud voice and data solutions provided over Fusion’s advanced cloud services platform and provides access to the cloud, delivering secure network connectivity with automatic failover for built-in business continuity. The financial institution cited Fusion’s unique ability to deliver a comprehensive cloud communications solution that fully integrates voice, data and network with enterprise contact center solutions to provide a single source cloud solution with one contract, one point of contact and one invoice.

“Exceptional service is the hallmark of this leading financial services organization. The company was seeking a communications partner that would be able to provide an all-in communications solution to free significant resources in capital, expense and time, allowing the company to focus on its core business. We were delighted to provide a cloud solution that seamlessly integrates this financial services company’s business communications requirements with business critical contact center solutions that extend throughout the enterprise, increasing productivity while reducing costs. The customer was especially impressed with Fusion’s sophisticated enterprise contact center solutions, which were significantly expanded with the recent acquisition of Technology for Business (TFB). TFB, a leading software development company, had more than twenty years’ experience customizing contact center solutions for over 500 enterprises in key verticals such as healthcare, entertainment and retail. The company cited the solution’s open architecture, real-time monitoring and reporting and easily configurable features suite for choosing Fusion,” said Russell P. Markman, Fusion’s President of Business Services. “We are excited about the positive response our contact center solutions have with existing customers and prospects alike, and look forward to strong growth in the rapidly expanding contact center sector,” Mr. Markman continued.

John G. Hendler, Fusion’s Senior Vice President of Sales, continued, “We were gratified to learn that among the most compelling reasons for this award was the Fusion team’s commitment to dig deeply into the company’s communications challenges, asking the right questions and listening to their specific pain points to engineer a single, comprehensive solution to solve the problems that keep them up at night. They were especially concerned with ensuring that their contact center requirements could be met within the same voice solution offered for their business communications throughout the company and were pleased to know that we could deliver quality of service guarantees with cloud connectivity and business continuity built in.”

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Shares of Fusion Telecommunications Int’l, Inc. (NASDAQ:FSNN) are actively moving +29.37% thus far today on the news and have traded in the range of $1.44 – 2.43 during the session.  A number of research firms have recently weighed in on the stock, providing future price targets. The covering firms currently have a consensus one-year price target of $1.50 on the stock.  This is according to brokerage analysts polled by Thomson Reuters First Call.  This is the average number from the individual targets provided by the firms.  Analysts are projecting earnings per share of $0.00 for the next fiscal quarter.  For the current year, analysts are predicting earnings of $-0.32 per share according to First Call.

In looking at where the stock is trading on a technical level, the stock is trading +21.74% away from its 50-day moving average of $1.52.  Based on the most recent available data, the equity is -56.57% off of its 52-week high of $4.26 and +146.67% away from its 52-week low which is $0.75.

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Today, the stock opened at $1.47 and the last bid at the time of writing stood at $1.85.  During the session thus far, the equity dipped down to $1.44 and touched $2.43 as the high point.  Fusion Telecommunications Int’l, Inc. (NASDAQ:FSNN) has a market cap of $32.76M and has seen an average daily volume of 441660 over the past three months.

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