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Fusion (FSNN) Looks Good: Stock Adds 14.8% in Session

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Fusion Telecommunications International, Inc. was a big mover last session, as the company saw its shares rise nearly 15% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $2.65–$3.18 in the past one-month time frame, witnessed a sharp increase yesterday.

The move came after the company reported that its fourth-quarter 2017 revenue grew 36% year over year.

The company has seen one negative estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Fusion currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.  

A better-ranked stock in the Internet - Software and Services industry is Talend S.A. , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is FSNN going up? Or down? Predict to see what others think: Up or Down

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