Data Storage Stock Price, News & Analysis

Data Storage Corporation (Nasdaq: DTST) reported Q2 2025 financial results with revenue of $5.1 million, up 4.8% year-over-year, and gross profit of $2.5 million. The company announced a significant strategic move: the proposed $40 million sale of CloudFirst Technologies Corporation, expected to yield net proceeds of approximately $24 million after adjustments.

Following shareholder approval, DTST plans to initiate a tender offer to repurchase up to 85% of outstanding common stock using 85% of available cash, including proceeds from the CloudFirst sale. The company maintains a strong financial position with $11.1 million in cash and marketable securities and no long-term debt. Management aims to focus on high-growth technology sectors including AI, cybersecurity, and AI vertical SaaS, with plans for a corporate rebranding to align with this strategic direction.

Data Storage Corporation (Nasdaq: DTST) has scheduled its Q2 2025 business update conference call for August 14, 2025 at 11:00 AM ET. The call will discuss the company's financial results for the second quarter ended June 30, 2025.

Investors can access the call via telephone by dialing 877-407-9219 (U.S.) or +1-412-652-1274 (International). A webcast will be available on the company's website, with the replay accessible through February 14, 2026. A telephone replay will be available for one week through August 21, 2025.

Data Storage Corporation (Nasdaq: DTST) has announced a definitive agreement to sell its subsidiary CloudFirst Technologies Corporation to Performive, a cloud infrastructure provider backed by Renovus Capital Partners. The transaction, subject to shareholder approval at the September 10, 2025 annual meeting, will maintain CloudFirst's brand, leadership, and support teams.

Following shareholder approval, DTST plans to initiate a tender offer to repurchase up to 85% of its outstanding shares. The company will retain its public listing and continue operating Nexxis Inc., its telecommunications division. Remaining funds will be used to pursue strategic acquisitions in high-growth sectors including AI-enabled SaaS, cybersecurity, and healthcare automation.

Data Storage Corporation (DTST) reported its Q1 2025 financial results with revenue of $8.1 million, driven by a 14% year-over-year growth in Cloud Infrastructure and Disaster Recovery services. The company achieved gross profit of $2.86 million and Adjusted EBITDA of $497,000. DTST ended the quarter with $11.1 million in cash and marketable securities, maintaining a debt-free position. Key developments include a strategic partnership with Pulsant, a UK edge data center provider, to expand CloudFirst's IBM Power-based cloud offerings internationally. The company also completed a major infrastructure upgrade for an enterprise client in food distribution, implementing high-performance IBM processors with direct connections to AWS, Azure, and Google Cloud.

Data Storage Corporation (DTST) has announced a conference call scheduled for May 15, 2025, at 11:00 a.m. Eastern Time to discuss their Q1 2025 financial results and company progress. The company, which specializes in multi-cloud hosting, managed cloud services, disaster recovery, cybersecurity, and IT automation with integrations for major cloud providers, will make the call accessible via phone and webcast.

U.S. participants can join toll-free at 877-407-9219, while international callers can dial +1-412-652-1274. A webcast replay will be available on the company's website until November 15, 2025, and a telephone replay will be accessible until May 22, 2025, using conference ID 13753165.

Data Storage (DTST) reported its fiscal year 2024 results, highlighting significant financial improvements and strategic expansions. The company achieved total revenue of $25.4 million, a 2% increase from 2023, with a notable shift towards recurring subscription revenue. Net income surged 71% to $513 thousand, while Adjusted EBITDA reached $2.37 million.

Key developments include:

• Expansion to 10 global Tier III data centers, including new facilities in the UK and Chicago
• Integration of Flagship Solutions Group into CloudFirst Technologies
• Establishment of CloudFirst Europe with three UK data centers
• Secured major contracts in motorsports, insurance, and healthcare sectors

The company maintains a strong financial position with $12.3 million in cash and marketable securities, no long-term debt, and an estimated $22 million Annual Recurring Revenue run rate, with over 80% recurring revenue.

Data Storage (DTST), a multi-cloud hosting and managed services provider, has scheduled a conference call to discuss its fiscal year 2024 financial results on Monday, March 31, 2025, at 11:00 a.m. Eastern Time. The company will review its financial performance for the period ended December 31, 2024, along with corporate developments.

Investors can access the call via phone (toll-free 877-407-9219 for U.S. callers; +1-201-689-8852 for international) or webcast through the company's website. A replay will be available through September 30, 2025, on the website, and by phone until April 7, 2025, using conference ID: 13751220.

Data Storage (Nasdaq: DTST), a multi-cloud hosting and managed services provider, has announced its participation in the upcoming iAccess Alpha Virtual Best Ideas Spring Investment Conference 2025. The event will take place on March 25-26, 2025.

CEO Chuck Piluso and CFO Chris Panagiotakos will present on March 25 at 10:00 a.m. ET, discussing the company's business strategy, growth trajectory, and market opportunities. The presentation will highlight DSC's expanding footprint in cloud hosting, IT modernization, and its strategic partnerships with AWS, Microsoft Azure, and Google Cloud.

Investors can access the live webcast through the provided link, with a replay available afterward. Management will also conduct one-on-one meetings with investors on March 26.

Data Storage (Nasdaq: DTST) announced that its CloudFirst subsidiary has completed a major on-premise infrastructure upgrade for a leading food distributor. The project involved migrating the customer to newer processors, delivering enhanced performance, reliability, and scalability.

The upgrade addressed the customer's challenges including system performance limitations, capacity constraints, and rising IT costs. CloudFirst's solution provides seamless integration with major cloud providers like AWS, Microsoft Azure, and Google Cloud, enabling improved multi-cloud optimization and workload management.

The implementation was particularly complex due to the customer's legacy OS and older processors, but CloudFirst executed the transition with minimal operational disruption while enhancing backup and disaster recovery capabilities.