Data Storage Corporation Common Stock
DTSTData 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 has rescheduled its 2025 third quarter business update conference call to November 19th at 10:00 AM Eastern Time, providing details for telephone and webcast access.
Data Storage Corporation has postponed its Q3 business update conference call to allow time for accounting adjustments related to the recently completed sale of its CloudFirst subsidiary.
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 announced the sale of CloudFirst Technologies to Performive, a cloud and infrastructure services provider. The transaction aims to accelerate CloudFirst's growth and allow Data Storage to explore strategic opportunities and potentially repurchase up to 85% of its outstanding shares.
