Welcome to our dedicated page for Data Storage news (Ticker: DTSTW), a resource for investors and traders seeking the latest updates and insights on Data Storage stock.
Data Storage Corporation (DTST, warrants DTSTW) generates news that reflects its transformation from a cloud solutions provider into a company focused on technology-enabled services, telecommunications, and targeted technology investments. News coverage often highlights the company’s divestiture of its CloudFirst business, its ongoing operations through Nexxis, Inc., and its evolving strategy in areas such as AI-adjacent infrastructure, cybersecurity, and unified communications.
Investors following DTSTW news can expect updates on strategic transactions, including the completed sale of the CloudFirst business and related post-transaction developments. Articles also cover capital allocation decisions, such as the repurchase of warrants originally issued in July 2021 and the company’s intention to commence a tender offer to purchase a portion of its common stock using proceeds from the CloudFirst sale.
Another recurring theme in Data Storage Corporation’s news is its strategic planning and shareholder communication. The company has issued letters to shareholders outlining its 2026 corporate strategy, emphasizing a disciplined hybrid acquisition approach targeting technology-enabled service providers with recurring revenue and high margins. News releases describe interest in managed IT, cybersecurity monitoring, telecom and UCaaS platforms, compliance-as-a-service, document security and digitization, access control, healthcare BPO, and micro-SaaS+ services, along with selective investments in GPU Infrastructure-as-a-Service and AI-driven software applications.
Coverage also includes governance and advisory developments, such as the appointment of an advisory team with experience in enterprise technology, infrastructure, cloud and AI services, and capital markets to support the company’s post-tender offer strategy. In addition, investors may see announcements about earnings and business update conference calls, including scheduling, rescheduling, and the topics to be discussed, such as the CloudFirst sale and the company’s strategic outlook.
For those tracking DTSTW, the news flow provides context on how Data Storage Corporation is repositioning its business, deploying capital from asset sales, and pursuing its stated goal of building sustainable, recurring revenue streams in telecommunications, cybersecurity, and AI-related infrastructure and software.
Data Storage Corporation (Nasdaq: DTST) announced a conference call scheduled for March 31, 2022, at 10:00 am ET to review its financial results for the fiscal year 2021, which ended December 31, 2021. The call will discuss the company's corporate progress and developments. It will be accessible via telephone and webcast, with replay options available through April 14, 2022. Data Storage Corporation offers diverse business continuity solutions, including disaster recovery and data analytics, targeting various sectors such as government and healthcare.
Data Storage Corporation (Nasdaq: DTST) has announced its participation in the 2022 Virtual Growth Conference hosted by Maxim Group LLC from March 28th to 30th, running daily from 9:00 a.m. to 5:00 p.m. EDT. The conference will include various presentations and discussions, featuring a corporate update from CEO Chuck Piluso. Interested participants must sign up as M-Vest members to attend. Data Storage Corp specializes in business continuity, disaster recovery, cyber-security, and data analytics across a variety of sectors in the USA and Canada.
Data Storage Corporation (Nasdaq: DTST) issued recommendations to mitigate cyber security risks and enhance recovery strategies from cyber attacks. The press release emphasizes the importance of offsite, encrypted data backups for quick restoration of critical systems, highlighting six key steps: regular data backup, technology updates, limited data access, email scanning, employee training, and vulnerability assessments. CEO Chuck Piluso stressed that robust digital infrastructure is essential to prevent disruptions from increasingly sophisticated cyber threats.
MELVILLE, N.Y., Feb. 04, 2022 (GLOBE NEWSWIRE) -- Data Storage Corporation (DTST) has been invited to present at The MicroCap Rodeo’s 2nd Annual Winter Wonderland Best Ideas Conference, scheduled virtually from February 8-11, 2022. CEO Chuck Piluso and CFO Chris Panagiotakos will present on February 9 at 1:00 PM ET. The presentation can be accessed via a webcast link. Additionally, the management team will engage in one-on-one meetings with registered investors. The conference features 25-minute presentations and one-on-ones for qualified investors.
Data Storage Corporation (Nasdaq: DTST) reported significant progress in 2021, highlighting key achievements such as commencing trading on the Nasdaq and completing a merger with Flagship Solutions. The company expanded its service offerings, particularly in IBM solutions and managed services, and increased its workforce by over 100%. DSC reported a 57% growth in subscription and recurring revenue along with a 94% renewal rate on contracts. The year ended with a $17 million total contract value in sales proposals and a multi-million dollar agreement with a major sports team, positioning DSC for future growth in 2022.
Data Storage Corporation (Nasdaq: DTST) recently announced a multi-million dollar contract with a top U.S. professional sports team. The deal involves providing a modernized storage infrastructure to enhance data security and mitigate cyber threats. Leveraging IBM technologies, the project aims to improve on-premise storage and cloud backup services. CEO Chuck Piluso noted the contract reflects the company's market traction and strategic focus on industries like sports, finance, and healthcare. The firm is optimistic about its robust proposal pipeline as it enters 2022.
MELVILLE, N.Y., Nov. 23, 2021 - Data Storage Corporation (Nasdaq: DTST) announced that Chairman and CEO Chuck Piluso will participate in the Benzinga All Access event on December 2, 2021, at 10:00 AM ET. The event will be broadcast live and can be viewed here. An archived presentation will be available on the Company’s investor relations page. Data Storage Corporation specializes in business continuity, disaster recovery, and cyber-security solutions.
Data Storage Corporation (Nasdaq: DTST) announced a 42% increase in revenue for Q3 2021, totaling $3.86 million, compared to $2.72 million in the same period last year. This growth is attributed to sales from the Flagship merger and enhanced subscription services. The company reported net income of $0.14 million or $0.02 per share. However, selling, general and administrative expenses rose to $2.02 million, up from $1.02 million. DSC continues to invest in organic growth, aiming for a strong outlook in 2022 with a 94% contract renewal rate.
Data Storage Corporation (Nasdaq: DTST) announced the appointment of Kristi Cates as Director of Marketing and Ed Grossman as Data Analytics Practice Leader. Cates will enhance marketing strategies and partnerships, leveraging her extensive experience in hi-tech and customer relationship management. Grossman brings over 30 years of experience in data science, AI, and analytics, previously working with IBM. This strategic hiring aims to strengthen the company’s marketing capabilities and expand its presence in data analytics, which is critical for achieving growth objectives.
Data Storage Corporation (OTC: DTST) has announced the promotion of Larry Pannullo to Director of Infrastructure. With over 25 years in enterprise infrastructure management, Pannullo will oversee data centers and resource management. His focus will be on enhancing the company's cloud-based data management and subscription services to increase profit margins. Chief Technology Officer Chuck Paolillo praised Pannullo's contributions over the years, and the company anticipates growth through newer services in high demand.