Is Data Storage Corp (DTST) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 2.3% / 30% | 41.2% / 30% | 7.4% / 30% | 2.34% / 5% | ✗ NOT HALAL |
| DJIM | 2.3% / 33% | 41.2% / 33% | 7.4% / 33% | 2.34% / 5% | ✗ NOT HALAL |
| MSCI | 2.7% / 33% | 48.8% / 33% | 8.8% / 33% | 2.34% / 5% | ✗ NOT HALAL |
| S&P | 2.3% / 33% | 41.2% / 33% | 7.4% / 33% | 2.34% / 5% | ✗ NOT HALAL |
| FTSE | 2.7% / 33% | 48.8% / 33% | 8.8% / 50% | 2.34% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 43.8% | |
| Operating Margin | -263.5% | |
| Net Margin | 64.1% | |
| Return on Equity (ROE) | 4.1% | |
| Return on Assets (ROA) | -0.4% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $2M |
| Free Cash Flow | -$60,275 |
| Total Debt | $673,450 |
| Current Ratio | 5.6 |
| Total Assets | $25M |
Price & Trading
| Last Close | $3.92 |
| 50-Day MA | $4.21 |
| 200-Day MA | $4.35 |
| Avg Volume | 21K |
| Beta | 1.2 |
|
52-Week Range
$2.93
| |
About Data Storage Corp (DTST)
Data Storage Corporation provides enterprise cloud and business continuity solutions in the United States and internationally. The company operates through three segments: CloudFirst, CloudFirst Europe, and Nexxis. It offers fully managed cloud hosting services for IBM Power systems, such as IBM i and AIX, as well as x86 environments; cloud solutions, including migration services to ensure seamless transfer of data and applications from legacy systems to the cloud with minimal downtime; and delivers robust disaster-recovery-as-a-service and business continuity solutions to protect organizations from downtime and data loss. The company's recovery services provide off-site data replication, rapid failover for IBM i/AIX and Windows/Linux systems, and cloud-based backup services that ensure clients can restore critical applications in the event of cyberattacks, hardware failures, or natural disasters for minimizing operational disruption. It also offers cybersecurity solutions comprising cybersecurity and compliance services consist of endpoint protection, network security, data encryption, ransomware defense, vulnerability assessments, and IBM i security monitoring. In addition, the company provides managed IT services and support services, such as cloud offerings with managed services comprising systems monitoring, IT automation, and voice and data communications solutions; and voice over Internet protocol/unified communications and dedicated internet connectivity solutions. Further, it offers delivers fully managed cloud-based voice over internet services, data transport, internet access, and SD-WAN solutions focused on business continuity for modern business environment. Data Storage Corporation was founded in 2001 and is headquartered in Melville, New York.
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Frequently Asked Questions
Is Data Storage Corp (DTST) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Data Storage Corp is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Data Storage Corp's debt ratio?
Data Storage Corp's debt ratio is 2.3% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 2.7%.
What are Data Storage Corp's key financial metrics?
Data Storage Corp has a market capitalization of $30M, trailing P/E ratio of 22.5, and revenue of $25M. The company maintains a gross margin of 43.8% and a net margin of 64.1%. Return on equity stands at 4.1%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.