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 (Nasdaq: DTST) is an information sector company that has reshaped its business around telecommunications, technology-enabled services, and targeted technology investments. The DTST news feed highlights how the company’s strategy evolves through transactions, capital allocation decisions, and updates on its acquisition and investment priorities.
Recent news covers the divestiture of the CloudFirst cloud solutions business, which removed cloud-based disaster recovery and cloud CPU hosting from ongoing operations and generated significant cash proceeds. Follow-up announcements detail how DTST plans to redeploy this capital into areas such as GPU Infrastructure-as-a-Service, AI-driven software applications, cybersecurity, and voice/data telecommunications, while continuing to operate its Nexxis, Inc. subsidiary, which provides VoIP/Unified Communications and dedicated internet connectivity.
Investors and analysts can use this page to track tender offer developments, including extensions of the expiration time, as well as warrant repurchases that simplify the capital structure. News items also include quarterly business update calls, financial result releases, and explanations of how the company views its next phase of growth through a disciplined hybrid acquisition strategy focused on recurring-revenue technology service providers.
Coverage further includes announcements about strategic advisory appointments with backgrounds in enterprise technology, infrastructure, AI environments, and capital markets, which DTST cites as important to its AI-adjacent and GPU-related focus. For a concise view of how management is repositioning the company, returning capital, and evaluating new opportunities in digital infrastructure and telecommunications, readers can review the latest DTST press releases aggregated on this news page.
Data Storage Corporation (Nasdaq: DTST) announced plans to host a conference call on March 31, 2023, at 10:00 am ET to discuss its financial results for the fiscal year ending December 31, 2022. Investors can join the call by dial-in or via a webcast available on the company's website. Additionally, a replay will be accessible through March 31, 2024. Data Storage Corporation specializes in business continuity solutions, cyber-security, and cloud infrastructure services for a diverse clientele, including Fortune 500 companies across various sectors like government and healthcare. Further details can be found at www.dtst.com.
Data Storage Corporation (NASDAQ:DTST) will present at the MicroCap Rodeo's Third Annual Winter Wonderland Best Ideas Virtual Investor Conference from February 21-24, 2023. CEO Chuck Piluso is scheduled to speak on February 22, 2023, at 10:30 a.m. ET. The presentation will be available for live webcast and replay. Piluso will also hold one-on-one meetings with qualified investors during the event. This conference features the top 37 companies recommended by institutional investors as their best ideas, focusing on the multi-billion-dollar business continuity market.
For more details, please visit www.dtst.com.
Data Storage Corporation (Nasdaq: DTST) reported strong financial results for Q3 2022, with revenues rising 14% year-over-year to $4.4 million. Year-to-date revenue reached $17.9 million, an 80% increase compared to the same period in 2021. The company continues to expand its multi-cloud IT solutions and is focused on securing high-margin, subscription-based contracts. With over $11 million in cash, DSC is well-positioned to invest in growth and improve profitability, aided by operational streamlining and management realignment.
Data Storage Corporation (Nasdaq: DTST) will host a conference call on November 15, 2022, at 10:00 am ET to discuss its third-quarter financial results for the period ending September 30, 2022. The call can be accessed via telephone or through a webcast. Data Storage Corporation offers a range of solutions including cloud infrastructure, disaster recovery, and cyber security, catering to various sectors including government and healthcare. Webcast replays will be available on the company’s website for a year after the call.
Data Storage Corporation (Nasdaq: DTST) announced a management and operational realignment aimed at enhancing profitability and gross margins. The initiative includes centralizing service delivery and sales engineering teams, which is expected to improve the utilization of technical resources and expand client proposal tools across the sales team. Additionally, a focus on direct sales and international programs is set to boost recurring revenue and overall infrastructure solutions. Changes in leadership were also noted, with the appointment of Thomas Kempster as CEO of the Flagship subsidiary.
Data Storage Corporation (Nasdaq: DTST) has achieved ISO/IEC 27001:2013 certification for its CloudFirst and Nexxis divisions. This certification, awarded by A-LIGN, confirms the company's adherence to rigorous international information security standards, ensuring the confidentiality and integrity of its services, including cloud infrastructure and disaster recovery. CEO Chuck Piluso emphasized that this milestone not only validates internal security protocols but also enhances customer engagements. The certification reflects Data Storage Corporation's ongoing commitment to data security in a landscape demanding high standards.
Data Storage Corporation (DTST) announced its second-quarter results on August 11, 2022, reporting a 37% revenue increase year-over-year and a remarkable 121% growth for the first half of 2022. Notably, subscription-based services rose 47% in Q2. The company achieved positive EBITDA, backed by over $11 million in cash and no long-term debt, enhancing its financial stability. Management highlighted opportunities in cloud migration for IBM Power infrastructure as a growth driver. A conference call to discuss results was also scheduled for the same day.
Data Storage Corporation (DTST) will host a conference call on August 11, 2022, at 10:00 am ET to discuss its second-quarter financial results for the period ending June 30, 2022, and other corporate updates. The call can be accessed via telephone or webcast. The Company provides business continuity solutions from multiple data centers in the USA and Canada, focusing on cloud infrastructure, disaster recovery, and cybersecurity services. More details can be found on their official website.
Data Storage Corporation (Nasdaq: DTST) announced that CEO Chuck Piluso will present at the Benzinga All Access event on July 22, 2022, at 9:40 A.M. Eastern Time. The presentation will be live-streamed and can be accessed via YouTube. An archived recording will also be available on the company's investor relations page at DTST.com. Data Storage Corporation offers diverse solutions in business continuity, disaster recovery, cyber security, and data analytics across North America.
Data Storage Corporation (Nasdaq: DTST) reported a 236% year-over-year revenue growth for Q1 2022, rising from $2.6 million to $8.7 million. CEO Chuck Piluso announced positive net income and over $600,000 in EBITDA. The company emphasizes its strategic position in the cloud infrastructure, disaster recovery, and cyber security markets, leveraging a recent merger to enhance cross-selling capabilities. With $13 million in cash and no long-term debt, DSC is poised for further growth while expanding its sales force and marketing initiatives.