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Data Storage Corp - DTST STOCK NEWS

Welcome to our dedicated page for Data Storage news (Ticker: DTST), a resource for investors and traders seeking the latest updates and insights on Data Storage 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 Merger of its Subsidiaries, Flagship Solutions Group and CloudFirst

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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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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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Data Storage Corporation Selected to Provide Cyber Security Solutions for One of the Nation’s Leading Sports and Entertainment Companies

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Data Storage Corporation (Nasdaq: DTST) has been selected to provide cyber security solutions for a leading sports and entertainment company, expanding its existing relationship with the client and showcasing the quality and reliability of its offerings.
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Data Storage Corporation Launches Strategic Sales & Marketing Initiative

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Data Storage Corporation launches a strategic sales and marketing initiative to capitalize on growing demand for its products and services. The initiative includes hiring multiple new sales representatives and implementing a Major Accounts program to increase penetration within existing enterprise and middle-market accounts.
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Data Storage Corporation to Present at the Fall Foliage MicroCap Rodeo Conference on October 25th

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Data Storage Corporation to participate in Fall Foliage MicroCap Rodeo Conference
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Data Storage Corporation to Present at the H.C. Wainwright 25th Annual Global Investment Conference on September 12th

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Data Storage Corporation to participate in H.C. Wainwright Conference
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Data Storage Corporation Reports 22% Year-Over-Year Revenue Growth and Achieves Profitability for the Second Quarter of 2023

Rhea-AI Summary
Data Storage Corporation reports solid financial results for Q2 2023, with revenue increasing 22% and positive net income for the second consecutive quarter. The company has expanded marketing programs and hosted revenue-driven sales events, resulting in growth in subscription-based services. They recently secured a sizable, subscription-based contract with a large food distributor and a multi-million-dollar project with a leading sports and entertainment company. The company maintains a strong balance sheet with over $10.6 million in cash and short-term investments.
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Data Storage Corporation Schedules Second Quarter 2023 Business Update Conference Call

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Data Storage Corporation (DTST) plans to host a conference call on August 14, 2023, to discuss Q2 financial results and corporate progress.
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Data Storage Corporation Secures Sizable Subscription-Based Contract with One of the Largest Food Distributors in the United States

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Data Storage Corporation secures multi-year contract with large food distributor
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FAQ

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

The current stock price of Data Storage (DTST) is $3.81 as of February 25, 2025.

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

The market cap of Data Storage (DTST) is approximately 27.1M.

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.
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Data Storage Corp

Nasdaq:DTST

DTST Rankings

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DTST Stock Data

27.08M
4.06M
41.48%
12.15%
4.78%
Information Technology Services
Services-computer Processing & Data Preparation
Link
United States
MELVILLE