CloudFirst to Join Performive in Strategic Growth Transaction
Transaction Announcement: Data Storage Corporation has entered into an agreement to sell its subsidiary, CloudFirst Technologies, to Performive, aiming to enhance CloudFirst's growth while exploring strategic opportunities for shareholder value. The transaction is pending approval from shareholders at the annual meeting on September 10, 2025.
Future Plans: If approved, Data Storage plans to use proceeds from the sale for a tender offer to repurchase up to 85% of its outstanding shares and pursue strategic acquisitions in high-growth sectors such as AI-enabled SaaS, cybersecurity, and healthcare automation.
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DATA STORAGE CORPORATION RELEASES FINAL OUTCOMES OF TENDER OFFER
Final Results Announcement: Data Storage Corporation has announced the final results of its tender offer.
Tender Offer Details: The announcement includes specifics about the number of shares accepted and the overall response from shareholders.

Data Storage Corporation Indicates Strategic M&A Approach and Aims for $10M–$15M Cash Reserve After CloudFirst Sale
Management Insights: Data Storage Corporation's CEO, Charles Piluso, described Q3 2025 as a transformative period following the $40 million sale of the CloudFirst subsidiary, which allows the company to focus on long-term shareholder value and disciplined growth under the new strategy, DSC 2.0.
Financial Performance: The company reported a 28.2% increase in sales from its continuing operations, totaling $417,000 for the quarter, while net income for the quarter reached $16.8 million, primarily due to gains from discontinued operations.
Future Outlook: Management is focused on completing a tender offer and share buyback process, with expectations of finalizing cash positions between $5 million and $15 million, and is exploring strategic acquisitions in emerging technology sectors like AI and cybersecurity.
Analyst Sentiment: Analysts expressed skepticism regarding cash forecasts and the sustainability of current expenses, while management maintained a confident tone, emphasizing transparency and a disciplined approach to capital allocation and acquisition strategies.






