Data Storage Corp Down 12.86% To $6.66 After Earnings

Data Storage Corp (DTST) said before open Thursday that it broke even in quarter four 2023.

In the same quarter a year ago, the company lost $0.46 per share on revenue of $6 million.

The stock is down 12.86% to $6.66 after the report.

Data Storage Corp's profit margins maintained as both earnings and revenue declined at the same pace.

Wall Street Analysts had an average rating of Strong Buy on the stock prior to the report.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Data Storage Corp has been a strong performer over the past few months, garnering a high Long-Term Technical Rank by InvestorsObserver of 100, putting Data Storage Corp in the top 25% of stocks. The firm was recently trading at a 52-week high of $7.65 on March 27, 2024 and set a 52-week low on March 29, 2023 at $1.6.

Data Storage Corporation engages in providing cybersecurity, compliance and cloud computing solutions. The company's solutions include infrastructure, disaster recovery, email archival, compliance, electronic vaulting, virtualized recovery, telecom recovery services, and continuous data protection. It generates revenue from the sale of equipment and software for cybersecurity, data storage, IBM Power systems equipment and managed service solutions. The majority of revenue is derived from the infrastructure and Disaster Recovery/Cloud Service.