Data Storage Corp (OTCMKTS:DTST) Stock Goes into Orbit

Data Storage Corp (OTCMKTS:DTST) Stock Goes into Orbit

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Data Storage Corp (OTCMKTS:DTST) is flying up the chart over 200% today. DTST is a data cloud protection company and the company is in a sector that could explode with growth over the next few years as cloud storage and cloud solutions balloon. In addition, cryptocurrency companies often use cloud services as well. Specifically, DTST markets to business, government, education and the healthcare industry by leveraging leading technologies, including Virtualization and Cloud Storage and Computing. The company provides hardware, SaaS, managed IT services, installation and maintenance. Furthermore, DTST has seen a boost in revenues, which could explain the increase in price action.

DTST had a 45% increase in revenues. The company released some information that showed that their first 3 months last year totaled more than their previous whole year (2016). Furthermore, the company inked a nice partnership with TierPoint data centers. According to the company, clients of DSC and TierPoint are taking advantage of its cloud and hybrid cloud services to deliver platform-as-a-service (PaaS) offerings and software as a service (SaaS) applications among other solutions.  In some cases, clients are using a combination of DSC and TierPoint colocation and managed services.

Data Storage Corp (OTCMKTS:DTST) delivers and supports a broad range of premium solutions focusing on data storage and protection.  Clients look to DSC to ensure disaster recovery and business continuity, strengthen security, and to meet increasing industry, state and federal regulations.  The company markets to business, government, education and the healthcare industry by leveraging leading technologies, including Virtualization and Cloud Computing.  The company provides hardware, SaaS, managed IT services, installation and maintenance.

DTST’s full range of services allows clients to migrate production systems to the cloud, provide local and remote recovery processing, as well as provide data circuits.  The company also provides 24/7 monitoring, support, security, system operators and on-call specialists.

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“We find that companies that are willing to maintain these systems on their own for production workloads are very reluctant to recreate the environment in a separate location for DR purposes,” stated Chuck Piluso, CEO, DSC. “This is one of our biggest opportunities because we can maintain customers’ DR solutions for significantly less money and eliminate the IT overhead associated with maintaining it themselves.”

DTST has a small float – around 7.65M according to the OTC – and can really start to fly on the drop of a hat. The stock flew up this way earlier in the year and fell back down to earth and there were pumping rumors all the while. That said, investors should be on guard here as well.

Now commanding a market cap of $31.39M, DTST is seeing volume over 2M today. The company has interesting data storage tech in a landscape that will definitely need it, but it might be worthwhile to hang back and make sure the price is not being manipulated before jumping into the game here.  As more color becomes clear on the name, we will review the situation and update our take. Sign-up for continuing coverage on shares of $DTST stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in $DTST, either long or short, and we have not been compensated for this article.

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