Group 1 - Maxim Group downgraded Data Storage Corporation from Buy to Hold due to limited visibility into management's new strategic direction after the sale of its CloudFirst subsidiary [1] - The divestiture of CloudFirst was completed on September 11, generating net proceeds of approximately $24 million, with up to 85% allocated for a tender offer and the remainder for acquisitions and investments in AI-enabled software, GPU technologies, or cybersecurity [2] - The remaining VoIP segment contributes around $1.2 million in annual revenue post-sale [2] Group 2 - Maxim lowered its revenue estimates for 2025 and 2026 to account for the loss of CloudFirst, which had been the primary revenue source for Data Storage Corporation, highlighting uncertainty regarding future acquisitions and business pivot efforts [3]