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Data Storage Corporation (symbol: DTSTW) was formed in 2001 and specializes in cloud storage and computing services. They focus on data protection, disaster recovery, and business continuity solutions to help organizations safeguard their data, minimize downtime, ensure regulatory compliance, and expedite system recovery. With a strong emphasis on cybersecurity and compliance, their solutions include data backup, storage, replication, email archiving, compliance solutions, continuous data protection, and more. Serving a growing market, Data Storage Corporation is dedicated to providing secure, reliable, and recoverable cloud-based services.
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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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DTST: Data Storage Corporation Announces Conference Call to Discuss Q3 2023 Financial Results and Corporate Progress
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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 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 participate in H.C. Wainwright Conference
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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 (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 multi-year contract with large food distributor
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Data Storage Corporation CEO to participate in Benzinga All Access event
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Data Storage Corporation (DTST) has been awarded a multi-million project with a leading sports and entertainment company to provide cloud storage infrastructure. The customized solution improves response time, file recovery, and storage capacity for their security infrastructure.
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FAQ
What is the current stock price of Data Storage (DTSTW)?
The current stock price of Data Storage (DTSTW) is $0.4156 as of February 25, 2025.
When was Data Storage Corporation formed?
Data Storage Corporation was formed in 2001.
What are the core services offered by Data Storage Corporation?
Data Storage Corporation offers services such as data backup, storage, replication, email archiving, compliance solutions, continuous data protection, and more.
What market does Data Storage Corporation serve?
Data Storage Corporation serves the rapidly growing business continuity market.
What are the key benefits of Data Storage Corporation's solutions?
Data Storage Corporation's solutions help clients protect their data, minimize downtime, ensure regulatory compliance, and provide quick system recovery and restoration.
How does Data Storage Corporation contribute to cybersecurity and compliance?
Data Storage Corporation focuses on providing secure, reliable, and recoverable cloud-based services to enhance cybersecurity and compliance for organizations.
Data Storage
Nasdaq:DTSTW
DTSTW Rankings
DTSTW Stock Data
7.01M
Information Technology Services
Services-computer Processing & Data Preparation
United States
MELVILLE