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
Outlook and acquisition focus
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
Key details and analyst coverage
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Loss Per Share
$0.55
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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