Data Storage Corp Expected to Report 95% Revenue Plunge, 34-Cent Loss
DTST sits 39% above its 52-week low of $3.25.
Summary
Data Storage Corp is projected to report a substantial loss of 34 cents per share for the quarter ending March 31, 2026, with results due on May 15. Analyst estimates indicate a severe 95.1% year-over-year decline in quarterly revenue, dropping to just $400,000 from $8.08 million. This extremely negative earnings preview follows the company's recent 10-K filing, which disclosed a restatement of prior financials and a material weakness in internal controls, highlighting existing financial challenges. The anticipated revenue collapse is highly significant for a company of Data Storage Corp's market capitalization and signals profound operational difficulties. This news is likely to prompt immediate re-evaluation by traders ahead of the official earnings announcement.
At the time of this announcement, DTST was trading at $4.53 on NASDAQ in the Technology sector, with a market capitalization of approximately $9.8M. The 52-week trading range was $3.25 to $5.44. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.