STOCK TITAN
  1. Home
  2. News
  3. DTSTW

Data Storage Corp - DTSTW STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Data Storage's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Data Storage's position in the market.

News
Data Storage Corporation Reports Record Revenue of $25 Million and Achieves Profitability for the 2023 Fiscal Year
Rhea-AI Summary
Data Storage (DTST) reports record revenue of $25.0 million for the 2023 fiscal year, with a 17% increase in recurring subscription-based services. Gross profit grew 18.5%, and gross profit margin increased to 38.4%. The company achieved profitability in 2023 and anticipates further growth in revenue, margins, and profitability in 2024. Strong contract momentum, new client acquisitions, expanded relationships with existing clients, and effective sales and marketing programs are driving growth. The company aims to boost revenue through growth strategies like CloudFirst and Flagship merger, expanding distribution channels, enhancing digital marketing, and exploring M&A prospects. With a strong balance of $12.7 million in cash and marketable securities, DTST is well-positioned to capitalize on market opportunities in disaster-recovery, cloud infrastructure, cyber-security, and IT sectors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-25.13%
Tags
earnings
-
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.09%
Tags
none
-
News
Data Storage Corporation Selected by Leading U.S. Insurance Company for Cloud Migration, Hosting and Managed Services
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
15.11%
Tags
none
News
Data Storage Corporation Schedules Fiscal 2023 Business Update Conference Call
Rhea-AI Summary
Data Storage Corporation (DTST) to host conference call to discuss 2023 financial results and corporate progress.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.9%
Tags
earnings
-
News
Data Storage Corporation Appoints Nancy M. Stallone and Uwayne A. Mitchell to its Board of Directors
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.93%
Tags
management
-
News
Data Storage Corporation Expands Contract with a Global Telecommunications Company
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.58%
Tags
none
News
Data Storage Corporation Appoints Clifford Stein to its Board of Directors
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
management
-
News
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.41%
Tags
acquisition
-
News
Data Storage Corporation Reports 35% Increase in Revenue and Reports Profitability for the Third Quarter of 2023
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.4%
Tags
none
News
Data Storage Corporation Schedules Third Quarter 2023 Business Update Conference Call
Rhea-AI Summary
DTST: Data Storage Corporation Announces Conference Call to Discuss Q3 2023 Financial Results and Corporate Progress
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.02%
Tags
earnings
Stock DTSTW logo
Data Storage Corp

Nasdaq:DTSTW

DTSTW Rankings

N/A Ranked by Market Cap
N/A Ranked by Stock Gains
N/A Ranked by Dividends

DTSTW Stock Data

3.91M
Data Processing, Hosting, and Related Services
Information
Link
United States
Melville

About DTSTW

reliable, secure, protected, recoverable! formed in 2001, data storage corporation provides cloud storage and cloud computing services focused on data protection, disaster recovery and business continuity solutions that assist organizations to protect their data, minimize downtime, ensure regulatory compliance and provide quick system recovery and restoration. serving the rapidly emerging business continuity market which is expected to grow to over $39 billion over the next few years, data storage corporation’s clients save time and money, gain more control and better access to data and enable the highest level of security for that data. the company’s solutions include: data backup and storage, replication; high availability data replication services; email archive and compliance solutions for e-discovery; continuous data protection; data de-duplication; virtualized system recovery; and telecom recovery services. our solutions help clients reduce the risks and cost associated with data