Data Storage CorpDTST
DTST
About: Data Storage Corporation engages in providing cybersecurity, compliance and cloud computing solutions. The company's segment includes Nexxis Inc; Flagship Solutions, LLC and CloudFirst Technologies Corporation and Corporate. It generates maximum revenue from the CloudFirst Technologies Corporation segment. The company's solutions include infrastructure, disaster recovery, email archival, compliance, electronic vaulting, virtualized recovery, telecom recovery services, and continuous data protection.
Employees: 52
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
20% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 5
5% more funds holding
Funds holding: 19 [Q2] → 20 (+1) [Q3]
0.13% more ownership
Funds ownership: 11.98% [Q2] → 12.11% (+0.13%) [Q3]
42% less capital invested
Capital invested by funds: $5.49M [Q2] → $3.2M (-$2.3M) [Q3]
43% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 7
Research analyst outlook
We haven’t received any recent analyst ratings for DTST.
Financial journalist opinion
Neutral
GlobeNewsWire
1 month ago
Data Storage Corporation's CloudFirst Subsidiary Enters Strategic Partnership with Brightsolid for Expanded IBM Cloud Solutions in Scotland
MELVILLE, N.Y., Nov. 19, 2024 (GLOBE NEWSWIRE) -- Data Storage Corporation (Nasdaq: DTST) (“DSC” and the “Company”), a premier provider of diverse business continuity solutions for disaster-recovery, cloud infrastructure, cyber-security, and IT automation, for IBM Power systems including IBMi and AIX, today announced that its subsidiary, CloudFirst Europe, has entered into a strategic partnership with Brightsolid, a premier data center provider based in Scotland and part of the DC Thomson group. This collaboration marks a significant step in CloudFirst's expansion strategy across the UK and positions the Company to better serve clients in Scotland.
Neutral
GlobeNewsWire
1 month ago
Data Storage Corporation's Subsidiary CloudFirst Announces Global Expansion Strategy
MELVILLE, N.Y., Nov. 15, 2024 (GLOBE NEWSWIRE) -- Data Storage Corporation (Nasdaq: DTST) (“DSC” and the “Company”), a premier provider of diverse business continuity solutions for disaster-recovery, cloud infrastructure, cyber-security, and IT automation, for IBM Power systems including IBMi and AIX, today announced its strategic global expansion plan of its CloudFirst operations.
Neutral
Seeking Alpha
1 month ago
Data Storage Corporation (DTST) Q3 2024 Earnings Call Transcript
Data Storage Corporation (NASDAQ:DTST ) Q3 2024 Earnings Conference Call November 14, 2024 11:00 AM ET Company Participants Alexandra Schilt - Investor Relations Chuck Piluso - Chairman and CEO Chris Panagiotakos - Chief Financial Officer Conference Call Participants Matthew Galinko - Maxim Operator Greetings. And welcome to the Data Storage Corporation 2024 Fiscal Third Quarter Business Update.
Neutral
GlobeNewsWire
1 month ago
Data Storage Corporation Reports 2024 Third Quarter Financial Results and Provides Business Update
Gross Profit Margin Increased over 400 Basis Points to 43.2% For the Third Quarter of 2024 Achieved Profitability for the Three and Nine Months Ended September 30, 2024 MELVILLE, N.Y., Nov. 14, 2024 (GLOBE NEWSWIRE) -- Data Storage Corporation (Nasdaq: DTST) (“DSC” and the “Company”), a provider of diverse business continuity solutions for disaster-recovery, cloud infrastructure, cyber-security, and IT automation, today provided a business update and reported financial results for the three and nine months ended September 30, 2024.
Neutral
GlobeNewsWire
1 month ago
Data Storage Corporation Secures Six-Figure Contract with Canadian Division of Renowned Japanese Motorsports Manufacturer
MELVILLE, N.Y., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Data Storage Corporation (Nasdaq: DTST) (“DSC” and the “Company”), a provider of diverse business continuity solutions for disaster-recovery, cloud infrastructure, cyber-security, and IT automation, today announced that its subsidiary, CloudFirst, has secured a six-figure subscription-based contract with the Canadian division of a globally recognized Japanese motorsports manufacturer.
Neutral
GlobeNewsWire
1 month ago
Data Storage Corporation Appoints Colin Freeman as Managing Director of CloudFirst Europe
MELVILLE, N.Y., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Data Storage Corporation (Nasdaq: DTST) (“DSC” and the “Company”), a provider of diverse business continuity solutions for disaster-recovery, cloud infrastructure, cyber-security, and IT automation, today announced the appointment of Colin Freeman as Managing Director of CloudFirst Europe. Mr. Freeman will oversee the company's expansion into the European market, with an initial focus on leading the United Kingdom.
Neutral
GlobeNewsWire
1 month ago
Data Storage Corporation Schedules Third Quarter 2024 Business Update Conference Call
MELVILLE, N.Y., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Data Storage Corporation (Nasdaq: DTST) (“DSC” and the “Company”), a provider of diverse business continuity solutions for disaster-recovery, cloud infrastructure, cyber-security, and IT automation, today announced that it plans to host a conference call at 11:00 a.m. Eastern Time on Thursday, November 14, 2024, to discuss the Company's financial results for the third quarter of 2024 which ended September 30, 2024, as well as corporate progress and other developments.
Neutral
GlobeNewsWire
1 month ago
Data Storage Corporation Provides Letter to Shareholders Highlighting Recent Achievements within CloudFirst Technologies Subsidiary
CloudFirst Continues Strong Financial Performance Along with Expansion into the United Kingdom and Operational Success Following Flagship Solutions Group Integration CloudFirst Continues Strong Financial Performance Along with Expansion into the United Kingdom and Operational Success Following Flagship Solutions Group Integration
Neutral
GlobeNewsWire
2 months ago
Data Storage Corporation Secures Expanded Contract Servicing a Billion Dollar Insurance Company
MELVILLE, N.Y., Sept. 25, 2024 (GLOBE NEWSWIRE) -- Data Storage Corporation (Nasdaq: DTST) (“DSC” and the “Company”), a provider of diverse business continuity solutions for disaster-recovery, cloud infrastructure, cyber-security, and IT automation, today announced that its subsidiary, CloudFirst, has secured an expanded agreement through its infrastructure partner, servicing a billion-dollar insurance company.
Neutral
GlobeNewsWire
3 months ago
Data Storage Corporation Announces New Cloud Hosting Agreement Servicing a Nationally Ranked Academic Medical Center
MELVILLE, N.Y., Sept. 17, 2024 (GLOBE NEWSWIRE) -- Data Storage Corporation (Nasdaq: DTST) (“DSC” and the “Company”), a provider of diverse business continuity solutions for disaster-recovery, cloud infrastructure, cyber-security, and IT automation, today announced that its subsidiary, CloudFirst, has signed a new hosting agreement servicing a nationally ranked academic medical center, secured through one of its cloud infrastructure partners. This collaboration showcases the Company's expertise in delivering secure and tailored cloud solutions to meet the critical needs of this healthcare institution.
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