Data Storage Q2 revenue rises on Nexxis subsidiary growth

Data Storage

14/08/2026 13:39

Overview
US enterprise connectivity provider's Q2 revenue at Nexxis rose 9.3% yr/yr
Company reported Q2 net loss with loss per share of $0.55
Company maintains strong capital position after tender offer, focusing on tech sector acquisitions

Outlook
Company is actively evaluating acquisition opportunities in AI infrastructure, cybersecurity, and enterprise software
Data Storage Corp says Nexxis provides a stable operating foundation as it pursues M&A to expand scale
Company says it is focused on disciplined capital allocation and building long-term shareholder value

Result Drivers
NEXXIS REVENUE GROWTH - Co said Nexxis subsidiary delivered yr/yr revenue and gross profit growth, driven by demand for enterprise connectivity solutions
ACQUISITION FOCUS - Co said it is actively evaluating acquisition opportunities in tech sectors with recurring revenue models
CAPITAL POSITION - Co said strong capital position following tender offer supports disciplined capital deployment and future M&A

Company press release: ID:nGNXct6jh

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Loss Per Share
 
$0.55
 

Analyst Coverage
The one available analyst rating on the shares is "hold"
Wall Street's median 12-month price target for Data Storage Corp is $9.00, about 151.4% above its August 13 closing price of $3.58

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)