Long lived quasi-stationary states (QSSs) are a signature characteristic of long-range interacting systems both in the classical and in the quantum realms. Often, they emerge after a sudden quench of the Hamiltonian internal parameters and present a macroscopic life-time, which increases with the system size. Despite their ubiquity, the fundamental mechanism at their root remains unknown. Here, we show that the spectrum of systems with power-law decaying couplings remains discrete up to the thermodynamic limit. As a consequence, several traditional results on the chaotic nature of the spectrum in many-body quantum systems are not satisfied in presence of long-range interactions. In particular, the existence of QSSs may be traced back to the finiteness of Poincare recurrence times. This picture justifies and extends known results on the anomalous magnetization dynamics in the quantum Ising model with power-law decaying couplings. The comparison between the discrete spectrum of long-range systems and more conventional examples of pure point spectra in the disordered case is also discussed.