Data Storage Corporation provides multi-cloud information technology solutions primarily in the United States. The company offers data protection and disaster recovery solutions; data backup and data vaulting solutions, including cloud enterprise storage, de-duplication, compression, and backup and restore services; standby server services; business continuity solutions for mission critical applications; data mirroring services; and cloud-based infrastructure production systems. It also provides cybersecurity solutions comprising managed endpoint security with active threat mitigation, system security assessment, and risk analysis services, as well as applications for continuous security and auditing; and voice and data solutions, such as VoIP and data services with fiber optic networks for businesses to connect from any location. The company offers its solutions and services to businesses in healthcare, banking and finance, distribution services, manufacturing, construction, education, and government sectors. Data Storage Corporation is headquartered in Melville, New York.
IPO Year:
Exchange: NASDAQ
Website: datastoragecorp.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
10/26/2021 | $8.00 | Buy | Maxim Group |
SC 13G/A - Data Storage Corp (0001419951) (Subject)
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Maxim Group initiated coverage of Data Storage with a rating of Buy and set a new price target of $8.00
Data Storage (NASDAQ:DTST) reported quarterly earnings of $0.05 per share which beat the analyst consensus estimate of $0.03 by 66.67 percent. The company reported quarterly sales of $8.236 million which beat the analyst consensus estimate of $7.300 million by 12.82 percent. This is a 19.71 percent increase over sales of $6.880 million the same period last year.
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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 services, today announced the expansion of its CloudFirst subsidiary into the United Kingdom (UK) with the opening of its London office. This strategic expansion marks a significant milestone in the Company's strategy to serve a global clientele and further CloudFirst's presence in key global markets. With the official opening of Cloud First's new office in the United Kingdom, the Company has increased its international footprint while further supporting its current multi-national clients. The Company's new o
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MELVILLE, N.Y., Sept. 09, 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 has secured a six-figure contract with one of the world's largest educational music publishers, which further solidifies the Company's reputation as a trusted provider of specialized cloud hosting services. The client faced two urgent requirements: the need to upgrade their hosting capabilities and relocate due to the planned closure of their existing data center. To address these issues, the client sought a provider wit
Gross Profit Margin Increased Over 500 Basis Points to 49.0% for the Second Quarter of 2024 Achieved Profitability for the Six Months Ended June 30, 2024 MELVILLE, N.Y., Aug. 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 services, today provided a business update and reported financial results for the three and six months ended June 30, 2024. "We experienced strong growth for the first half of 2024," commented Chuck Piluso, CEO of Data Storage Corporation. "Specifically, we achieved $13.1 million in sales for the six mon
MELVILLE, N.Y., Aug. 01, 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 Wednesday, August 14, 2024, to discuss the Company's financial results for the second quarter of 2024 which ended June 30, 2024, as well as corporate progress and other developments. The conference call will be available via telephone by dialing toll-free 877-451-6152 for U.S. callers or for international callers +1-201-389-0879. A webcast of the call may be ac
MELVILLE, N.Y., July 15, 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 expanded its contract with one of the nation's largest suppliers of promotional products. The new seven-figure contract reflects CloudFirst's continued success and growing market presence. In 2023, CloudFirst was selected to implement a comprehensive disaster recovery solution for the client, ensuring rapid recovery and enhanced security in a cloud-based environment. This solution included a
MELVILLE, N.Y., June 24, 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 deployed technical assets to its 7th Data Center—located in Chicago, Illinois. The strategic location of this new data center allows the Company to address the growing demand for its products and services within the region, as well as expand its geographic footprint in the United States. Chuck Paolillo, Chief Technology Officer of CloudFirst commented, "To meet the growing demand of our cust
MELVILLE, N.Y., June 13, 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 has expanded its contract with a leading provider of end-to-end business processes for their customers globally. Through this six-figure expanded contract, the Company will provide managed encrypted backup and recovery services in addition to its already contracted infrastructure solutions. This contract was secured through its CloudFirst subsidiary. Chuck Piluso, CEO of Data Storage Corporation, stated, "We are proud to
MELVILLE, N.Y., May 15, 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 services, today provided a business update and reported financial results for the three months ended March 31, 2024. Chuck Piluso, CEO of Data Storage Corporation, stated, "We continue to execute on our business growth strategy, including new contracts with high profile clients, as well as streamlined operations for improved operations. As a result of our efforts, we witnessed a 20% increase in revenue to $8.2 million for the first quarter of 2024. Notably
MELVILLE, N.Y., May 13, 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 services, today announced the expansion of its CloudFirst subsidiary into the United Kingdom (UK) with the opening of its London office. This strategic expansion marks a significant milestone in the Company's strategy to serve a global clientele and further CloudFirst's presence in key global markets. With the official opening of Cloud First's new office in the United Kingdom, the Company has increased its international footprint while further supporting its
MELVILLE, N.Y., May 03, 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 services, today announced that it plans to host a conference call at 11:00 a.m. Eastern Time on Wednesday, May 15, 2024, to discuss the Company's financial results for the first quarter of 2024 which ended March 31, 2024, as well as corporate progress and other developments. The conference call will be available via telephone by dialing toll-free 877-451-6152 for U.S. callers or for international callers +1-201-389-0879. A webcast of the call may be accessed
MELVILLE, N.Y., March 28, 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 services, today provided a business update and reported financial results for the year ended December 31, 2023. Chuck Piluso, CEO of Data Storage Corporation, stated, "We are proud to report record revenue of $25.0 million for the 2023 fiscal year which we believe is a direct result of the strategic growth initiatives we implemented throughout the year. Through our innovative marketing programs and highly attended events, we had continued success in se
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Gross Profit Margin Increased Over 500 Basis Points to 49.0% for the Second Quarter of 2024 Achieved Profitability for the Six Months Ended June 30, 2024 MELVILLE, N.Y., Aug. 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 services, today provided a business update and reported financial results for the three and six months ended June 30, 2024. "We experienced strong growth for the first half of 2024," commented Chuck Piluso, CEO of Data Storage Corporation. "Specifically, we achieved $13.1 million in sales for the six mon
MELVILLE, N.Y., Aug. 01, 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 Wednesday, August 14, 2024, to discuss the Company's financial results for the second quarter of 2024 which ended June 30, 2024, as well as corporate progress and other developments. The conference call will be available via telephone by dialing toll-free 877-451-6152 for U.S. callers or for international callers +1-201-389-0879. A webcast of the call may be ac
MELVILLE, N.Y., May 15, 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 services, today provided a business update and reported financial results for the three months ended March 31, 2024. Chuck Piluso, CEO of Data Storage Corporation, stated, "We continue to execute on our business growth strategy, including new contracts with high profile clients, as well as streamlined operations for improved operations. As a result of our efforts, we witnessed a 20% increase in revenue to $8.2 million for the first quarter of 2024. Notably
MELVILLE, N.Y., May 03, 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 services, today announced that it plans to host a conference call at 11:00 a.m. Eastern Time on Wednesday, May 15, 2024, to discuss the Company's financial results for the first quarter of 2024 which ended March 31, 2024, as well as corporate progress and other developments. The conference call will be available via telephone by dialing toll-free 877-451-6152 for U.S. callers or for international callers +1-201-389-0879. A webcast of the call may be accessed
MELVILLE, N.Y., March 28, 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 services, today provided a business update and reported financial results for the year ended December 31, 2023. Chuck Piluso, CEO of Data Storage Corporation, stated, "We are proud to report record revenue of $25.0 million for the 2023 fiscal year which we believe is a direct result of the strategic growth initiatives we implemented throughout the year. Through our innovative marketing programs and highly attended events, we had continued success in se
MELVILLE, N.Y., March 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 services, today announced that it plans to host a conference call at 11:00 a.m. Eastern Time on Thursday, March 28, 2024, to discuss the Company's financial results for the 2023 fiscal year ended December 31, 2023, as well as corporate progress and other developments. The conference call will be available via telephone by dialing toll-free 877-451-6152 for U.S. callers or for international callers +1-201-389-0879. A webcast of the call may be accessed
MELVILLE, N.Y., Nov. 14, 2023 (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 services, today provided a business update and reported financial results for the three months ended September 30, 2023. Chuck Piluso, CEO of Data Storage Corporation, stated, "We continue to witness additional benefits of our business growth initiatives that we have implemented over the last several months, which has resulted in revenue increasing 35% and achieving another quarter of profitability. Specifically, we launched a new sales and marketing initia
MELVILLE, N.Y., Nov. 09, 2023 (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 services, today announced that it plans to host a conference call at 10:00 am ET on Tuesday, November 14, 2023, to discuss the Company's financial results for the third quarter of 2023 which ended September 30, 2023, as well as corporate progress and other developments. The conference call will be available via telephone by dialing toll-free 877-451-6152 for U.S. callers or for international callers +1-201-389-0879. A webcast of the call may be accessed at
MELVILLE, N.Y., Aug. 14, 2023 (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 services, today provided a business update and reported financial results for the three months ended June 30, 2023. Chuck Piluso, CEO of Data Storage Corporation, stated, "I am pleased to report we achieved solid financial results for the second quarter of 2023, with revenue increasing 22% and reporting positive net income for the second consecutive quarter. We are beginning to witness the benefits of our ongoing strategic business initiatives focused on dr
MELVILLE, N.Y., Aug. 03, 2023 (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 services, today announced that it plans to host a conference call at 10:00 am ET on Monday, August 14, 2023, to discuss the Company's financial results for the second quarter of 2023 which ended June 30, 2023, as well as corporate progress and other developments. The conference call will be available via telephone by dialing toll-free 877-451-6152 for U.S. callers or for international callers 1-201-389-0879. A webcast of the call may be accessed at https
MELVILLE, N.Y., March 08, 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 services, today announced that it has appointed Nancy M. Stallone, CPA, and Uwayne A. Mitchell, Esq., to the Company's Board of Directors. Ms. Stallone will also serve as a member of the Audit Committee. "Nancy and Uwayne bring extensive experience within their respective fields, and we are delighted to welcome them to our board of directors," commented Chuck Piluso, Chief Executive Officer of Data Storage Corporation. "Nancy has an impressive background i
MELVILLE, N.Y., Jan. 18, 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 services, today announced that it has appointed Clifford Stein to serve on its Board of Directors. Mr. Stein previously served as a member of the Board of Directors from 2010 to 2020. "We are pleased to welcome Cliff back to our board of directors," commented Chuck Piluso, Chief Executive Officer of Data Storage Corporation. "Cliff is an accomplished entrepreneur and seasoned executive, having built and run a successful real estate advisory firm over
MELVILLE, N.Y., Oct. 11, 2021 (GLOBE NEWSWIRE) -- Data Storage Corporation (NASDAQ:DTST) ("DSC" and the "Company"), a provider of diverse business continuity, disaster recovery protection, IBM Power infrastructure-as-a-service and cyber-security based solutions, announced today that Kristi Cates has joined as Director of Marketing and Ed Grossman has joined as Data Analytics Practice Leader. Ms. Cates will be focused on building go-to-market plans, developing strategic marketing programs and campaigns. She will also work closely with the Company's partnership alliances to fully utilize comarketing program offerings. Ms. Cates is an accomplished demand generation and channel marketing le