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Data Storage Corporation - DTST STOCK NEWS

Welcome to our dedicated page for Data Storage Corporation news (Ticker: DTST), a resource for investors and traders seeking the latest updates and insights on Data Storage Corporation stock.

Data Storage Corporation (DTST) is a leading provider of cloud storage and cloud computing services, specializing in data protection, disaster recovery, and business continuity solutions. Established in 2001, the company helps organizations safeguard their data, reduce downtime, ensure regulatory compliance, and achieve swift system recovery. DTST caters to the growing business continuity market, offering clients enhanced data security, control, and accessibility. Its comprehensive solutions encompass data backup, storage, replication, high availability data replication services, email archive, compliance solutions, continuous data protection, data de-duplication, virtualized system recovery, and telecom recovery services.

With a focus on cybersecurity, compliance, and cloud computing, Data Storage Corporation operates through Nexxis Inc, Flagship Solutions, LLC, CloudFirst Technologies Corporation, and Corporate segments. The company's revenue primarily stems from CloudFirst Technologies Corporation. DTST's portfolio includes infrastructure, disaster recovery, email archival, compliance, electronic vaulting, virtualized recovery, telecom recovery services, and continuous data protection. As a key player in the cloud industry, DTST serves a diverse clientele, including Fortune 500 companies across various sectors such as government, education, and healthcare.

News

Data Storage Corporation Announces New Headquarters to Support Continued Growth

Rhea-AI Summary
Data Storage (DTST) announces new headquarters in Melville, New York, expanding by 40% to support growth initiatives in disaster-recovery, cloud infrastructure, cyber-security, and IT services.
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4.09%
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Data Storage Corporation Selected by Leading U.S. Insurance Company for Cloud Migration, Hosting and Managed Services

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Data Storage (DTST) announces CloudFirst Solutions subsidiary selected by a major US insurance company for cloud migration project. The company will provide hosting, managed services, and advanced security solutions, showcasing expertise in cloud services and security.
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Data Storage Corporation Schedules Fiscal 2023 Business Update Conference Call

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Data Storage Corporation (DTST) to host conference call to discuss 2023 financial results and corporate progress.
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0.9%
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Data Storage Corporation Appoints Nancy M. Stallone and Uwayne A. Mitchell to its Board of Directors

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Data Storage Corporation (DTST) appoints Nancy M. Stallone and Uwayne A. Mitchell to its Board of Directors, aiming to leverage their expertise in finance, auditing, legal, data privacy, and cybersecurity for strategic growth and governance.
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6.93%
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Data Storage Corporation to Present at the Winter Wrap-Up MicroCap Rodeo Conference on February 21

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Data Storage Corporation (DTST) will participate in the Winter Wrap-Up MicroCap Rodeo Conference, with CEO Chuck Piluso and CFO Chris Panagiotakos presenting on February 21. Investors can access the presentation online and schedule one-on-one meetings with management.
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Data Storage Corporation Expands Contract with a Global Telecommunications Company

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Data Storage Corporation (DTST) has secured a six-figure contract with a multinational telecommunications company to replace and maintain its old tape library with new advanced backup technology. The company has had a long-term successful relationship with the multinational corporation for over twelve years and this new contract expands on the current solutions provided by Data Storage Corporation. The CEO, Thomas Kempster, expressed pride in the established relationship and highlighted the implementation of a new backup solution with advanced technology to increase storage capacity and meet compliance requirements in multiple countries.
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Data Storage Corporation Appoints Clifford Stein to its Board of Directors

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Data Storage Corporation (DTST) has appointed Clifford Stein, an experienced entrepreneur and attorney, to its Board of Directors. Mr. Stein is the CEO of Savitar Realty Advisors and brings extensive legal knowledge and real estate expertise to the company. His unique skillset is expected to guide the company's growth, both organically and through acquisitions.
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Data Storage Corporation Announces Merger of its Subsidiaries, Flagship Solutions Group and CloudFirst

Rhea-AI Summary
Data Storage Corporation (Nasdaq: DTST) has announced the merger of its two subsidiaries, Flagship Solutions Group and CloudFirst, aiming to streamline operations, improve economies of scale, and enhance resource allocation. The move is expected to bring together complementary strengths and expertise, enabling the company to grow its technical teams, achieve further economies of scale, and enhance resource allocation internally. The merger also aims to capitalize on cross-selling and upselling opportunities across customer bases and increase customer penetration, resulting in improved business efficiencies and reduced redundant resources and expenses.
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1.41%
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Data Storage Corporation Reports 35% Increase in Revenue and Reports Profitability for the Third Quarter of 2023

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Data Storage Corporation (Nasdaq: DTST) reports a 35% increase in revenue and another quarter of profitability for the three months ended September 30, 2023. The company attributes the growth to new sales and marketing initiatives, strong contract momentum, and expanding relationships with existing clients. They believe that continued execution of their strategic plan will drive long-term growth and profitability, with a strong balance sheet of over $11.5 million in cash and marketable securities.
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Data Storage Corporation Schedules Third Quarter 2023 Business Update Conference Call

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DTST: Data Storage Corporation Announces Conference Call to Discuss Q3 2023 Financial Results and Corporate Progress
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FAQ

What is the current stock price of Data Storage Corporation (DTST)?

The current stock price of Data Storage Corporation (DTST) is $4.2 as of December 20, 2024.

What is the market cap of Data Storage Corporation (DTST)?

The market cap of Data Storage Corporation (DTST) is approximately 28.6M.

When was Data Storage Corporation established?

Data Storage Corporation was formed in 2001.

What are the core services offered by DTST?

DTST specializes in cloud storage, data protection, disaster recovery, and business continuity solutions.

Which market does Data Storage Corporation primarily serve?

Data Storage Corporation serves the rapidly growing business continuity market, which is expected to reach over $39 billion in the coming years.

What are some of the key solutions provided by DTST?

Some of DTST's solutions include data backup and storage, replication, high availability data replication services, email archive, compliance solutions, continuous data protection, and virtualized system recovery.

What segments does Data Storage Corporation operate through?

DTST operates through Nexxis Inc, Flagship Solutions, LLC, CloudFirst Technologies Corporation, and Corporate segments.

Which segment generates the highest revenue for DTST?

CloudFirst Technologies Corporation is the segment that generates the maximum revenue for Data Storage Corporation.

What industries does Data Storage Corporation cater to?

DTST serves a broad range of industries, including government, education, and healthcare.

What is the focus of Data Storage Corporation's services?

Data Storage Corporation focuses on providing cloud-hosting, disaster-recovery, cyber security, and voice & data solutions.

Where can I find more information about Data Storage Corporation?

Additional information about Data Storage Corporation is available at www.dtst.com and on X (@DataStorageCorp).

How can I access the latest news and updates from DTST?

For the latest news and updates from Data Storage Corporation, visit the News & Events section of the company's website at www.dtst.com/news-events.

Stock DTST logo
Data Storage Corporation

Nasdaq:DTST

DTST Rankings

#5144 Ranked by Market Cap
N/A Ranked by Dividends

DTST Stock Data

28.62M
4.07M
41.48%
12.15%
4.78%
Information Technology Services
Services-computer Processing & Data Preparation
Link
United States of America
MELVILLE