Data Storage Corporation Common Stock (DTST)
Data Storage Corporation (DTST) is a provider of cloud computing, data backup, recovery, and management services. The company specializes in secure data hosting solutions, disaster recovery, and IT infrastructure management for businesses across various industries.
Company News
Data Storage Corporation sold its CloudFirst business to Performive for approximately $40 million, generating net proceeds of $24 million. The company plans to invest in digital infrastructure, AI-enabled software, GPU technologies, and cybersecurity.
Data Storage Corporation reported Q2 2025 results with increased sales but widened net loss. The company plans to sell Cloud First Technologies for $40 million, authorize a major share buyback, and pivot towards AI, cybersecurity, and SaaS technologies.
Data Storage Corporation reported strong financial results for the third quarter of 2024, with a significant increase in gross profit margin and profitability. The company's strategic focus on building high-margin recurring subscription revenue and expanding its global presence have contributed to its success.
Check these penny stocks out for your watchlist right now The post Best Penny Stocks to Buy This Week? 3 to Watch Right Now appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.