Fusion Telecommunications Int’l, Inc. (NASDAQ:FSNN) shares are trading up quite well today, continuing a trend that began a little over a week ago on December 8th. The company stock has been boosted at least partially by news of a certification announcement.
Fusion Telecommunications Int’l, Inc. (NASDAQ:FSNN) announced that its communications solution has been certified compliant with the requirement of Panasonic Systems Communications Company of North America. This means that customers of Panasonic will now be able to utilize Fusion’s cloud-based SIP Trunking solution without the need of purchasing new or additional hardware.
“Our relationship with Fusion is an important part of our ongoing efforts to provide our customers with an increasing number of technology options. We are pleased to work with Fusion to increase the value of our customers’ investments by ensuring that they can take full advantage of the many service benefits of the Fusion cloud services platform,” explained Gary Moeller, product manager, Panasonic System Communications Company of North America. “Panasonic and Fusion share a commitment to delivering high quality, fully interoperable and cost-effective communications solutions for all our business customers’ needs.”
The stock is up 15.95% or $0.44 following the news, hitting $3.2 per share. About 708,852 shares traded hands or up 250.74% from the average. FSNN has declined 20.90% since May 14, 2015 and is currently downtrending. It has underperformed the S&P500 by 18.64%.
Fusion Telecommunications International, Inc. is a well-known provider of Internet protocol (IP) based digital voice and data communications services to firms and carriers worldwide. The company has a market cap of $32.30 million. The Firm offers a comprehensive suite of cloud communications, cloud connectivity, and managed cloud applications solutions to small, medium and large businesses, and domestic and international voice services worldwide. It currently has negative earnings. Fusion advanced, proprietary cloud services platform enables the integration of solutions in the cloud, increasing customer collaboration and productivity by seamlessly connecting employees, partners, clients and vendors.