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Sales of power supply units, memory modules,��and other components made up 65% of Corsair's revenue in the third quarter and grew 38% year over year, but new products designed for putting together a professional-looking streaming broadcast are growing much faster.��, Sales of green screens, lighting, microphones, and video capture cards are exploding.��These products made up 35% of Corsair's business last quarter and grew 129% year over year.��. The shares currently trade for an enterprise value-to-EBITDA ratio of 18 based on management's 2020 guidance. It is the pioneer in the gaming industry, the sponsor of online streamers, and the host of E-Sports. Supplying the nuts and bolts to keep gaming PCs performing at fast speeds has been Corsair's bread and butter for years. Visit now to shop or learn more. Casual gamers are starting to see their hobby as a means to socialize while playing and engage with viewers through chat during a broadcast. Corsair Gaming Inc. set sail on the Nasdaq today, officially becoming a public company. Panic sellers Lmao. Corsair is also benefiting from millions of gamers who are upgrading their gaming PCs with new components, such as power supply units, cooling solutions, and DRAM modules. The maker of video game hardware is a play on the esports and PC gaming … Corsair HS70 Bluetooth Multi-Platform Gaming Headset. Just as people who want to learn golf or another competitive sport will seek out trainers to learn how to play well, Corsair believes the same market is starting to take root in the video game industry.Â, To capitalize on this opportunity, Corsair recently announced the acquisition of Gamer Sensei, a top platform for esports coaching. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. Management believes the market for its products could multiply if current trends continue in gaming. In 2019, the global market for PC gaming and streaming gear was estimated to be $36 billion. However, 83% of this spending was from only 18% of the total number of people who play games on PC, which was estimated at 524 million. Corsair Gaming stock received a stampede of bullish reports on Monday. Every detail is built for speed, starting with new Corsair AXON Hyper-Processing Technology, delivering your inputs up to four times faster than conventional gaming keyboards. ... News … A wave of new customers has been crucial to Corsair's growth in 2020, but this could be a preview of where the business could be 10 years from now. Corsair Gaming, Inc. (NASDAQ:CRSR) issued its earnings results on Tuesday, November, 10th. Streaming is not about getting famous but more about small groups getting together to have fun. However, we are in the early stages of a major transformation happening in the gaming industry that could open up Corsair's opportunity to a wider customer base. The total pool of gamers across all devices is expected to steadily increase through 2023, according to Newzoo.��"That means that we've got a massive opportunity, in terms of the number of people that could start streaming," Paul said. Corsair Gaming stock plummeted nearly 15% after Cowen analyst Doug Creutz downgraded the maker of videogame accessories, citing its lofty valuation. Last year, viewers spent over 12 billion hours watching others play games on Twitch, Alphabet's��YouTube Gaming, and Facebook��Gaming.��. There is Logitech International (NASDAQ:LOGI), which is a juggernaut in the gaming peripherals market. As graphics technology has advanced over the years, video games have become more immersive, which precipitates continuous upgrade cycles. Earnings: Corsair Gaming reported a 60.7% year-over-year increase in third-quarter revenue. Find real-time CRSR - Corsair Gaming Inc stock quotes, company profile, news and forecasts from CNN Business. The Investor Relations website contains information about Corsair Gaming, Inc.'s business for stockholders, potential investors, and financial analysts. Corsair makes better products than Logitech. The company's recent IPO was a flop, but things have turned around since. These trends explain why Corsair's revenue skyrocketed last quarter, jumping 60% year over year. This was primarily driven by strong demand for gaming and streaming products, including keyboards, mice, headsets, capture cards, and other studio accessories. The gamer and creator peripherals segment grew revenue by 129% year over year, making up 35% of Corsair's total revenue. Shares of Corsair Gaming (NASDAQ:CRSR) have more than doubled in value since the initial public offering (IPO) in September. Corsair is a leading brand in the world of gaming, supplying the essential gear that gamers need to participate in esports titles and broadcast their gameplay on streaming platforms. CEO Andy Paul pointed out during the company's third-quarter conference call that most streaming channels have less than 100 viewers. 3 Video Game Stocks to Watch for 2021, Why Corsair Gaming Could Be the Biggest Beneficiary of New Graphics Cards, Why Shares of Corsair Gaming Tumbled Today, Here's Why the Best Is Yet to Come for Corsair Gaming, Forget AMD, This Hot Gaming Stock Has Almost Doubled and Could Still Win Big, Copyright, Trademark and Patent Information. The company has already proven it can do just that. Based on Corsair's estimates, the incremental new buyers that entered the market for gaming and streaming gear in 2020 represented less than 5% of the gaming population in the U.S. alone. Since 2018, it has made three acquisitions, including a deal with Elgato, which allowed Corsair to enter the streaming gear market.��More moves like this could be a significant driver of revenue growth over the next decade. Streaming has only started to take off in recent years but has already become a mainstream social outlet for players around the world. Get Corsair Gaming Inc (CRSR:NASDAQ) real-time stock quotes, news and financial information from CNBC. On October 1, 2020, we announced the launch of our new flagship gaming keyboard, Corsair K100 RGB. All these different brands make a quality product, but most gamers are going to gravitate to the products that they trust. Corsair is also benefiting from millions of gamers who are upgrading their gaming PCs with new components, such as power supply units, cooling solutions, and DRAM modules. The gaming components and systems segment grew 38% year over year and comprised 65% of total revenue.Â. Corsair Gaming started at outperform with $25 stock price target at Wedbush Oct. 20, 2020 at 7:28 a.m. Why Corsair Gaming Jumped 10% Today. While that covers the Corsair Gaming news for today, potential investors may be looking for additional details about the company. 3 Video Game Stocks to Watch for 2021, Corsair Gaming Stock Jumped 143% in 2020, but Has Room to Run, Why Corsair Gaming Could Be the Biggest Beneficiary of New Graphics Cards, Why Shares of Corsair Gaming Tumbled Today, Forget AMD, This Hot Gaming Stock Has Almost Doubled and Could Still Win Big, Copyright, Trademark and Patent Information. New York (CNN Business) Corsair Gaming, a hardware and accessory company, went public Wednesday under the ticker symbol CRSR and is looking to raise $238 million. BlackRock Inc. acquired a new position in Corsair Gaming, Inc. (NASDAQ:CRSR) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The stock has a 52-week high of $27.38 and a 52-week low of $14.09. The same trend in streaming that has changed how we watch movies and shows is playing out in the $175 billion video game industry. But the gaming industry has something going for it that the movie business doesn't. Corsair Gaming Inc. (NASDAQ:CRSR) scored a price-to-earnings ratio above its average ratio, recording 98.77 x from its present earnings ratio. Stock Advisor launched in February of 2002. Connectivity: Bluetooth wireless, as well as USB-C cable for USB audio, and 3.5mm cable for connectivity to virtually anything else (PS4/5, Xbox, PC, Nintendo Switch /3DS, MP3 player, Walkman, and pretty much anything else with a headphone jack ) Wireless range: 30ft. Cumulative Growth of a $10,000 Investment in Stock Advisor, Here's Why the Best Is Yet to Come for Corsair Gaming @themotleyfool #stocks $CRSR $LOGI $RZZRY, growing popularity of professional gaming, The New Console Cycle Is Here! See you at the top! Let's conquer your financial goals together...faster. A Nielsen survey found that 71% of millennial gamers in the U.S. watch gaming content on streaming platforms for an average of six hours per week. John covers consumer goods and technology companies for Fool.com. Selling more streaming gear is a big opportunity for Corsair Gaming since there are an estimated 1.3 billion gamers playing on PC worldwide. Corsair is a leader in gaming gear ranging from cases to peripherals and components to streaming equipment. Corsair Gaming (NASDAQ:CRSR) has been around since 1994, supplying gamers with the computer components to build their own gaming PCs.��But the gaming world is not what it used to be. Even though this recent IPO stock has climbed 150% in just a few months, it doesn't look all that expensive relative to its growth prospects. The company’s stock price has collected -7.78% of loss in the last five trading sessions. Corsair Gaming completed its initial public offering in September and has already reported stellar earnings results for the third quarter. FREMONT, Calif., Oct. 27, 2020 (GLOBE NEWSWIRE) -- Corsair Gaming, Inc. (NASDAQ:CRSR) (“Corsair” or the “Company”), a leading global provider and innovator of high-performance gear for gamers and content creators, today announced the date for the release of its third quarter 2020 earnings and its … Barron’s reported on 12/02/20 that Corsair Gaming Stock Has Doubled. Investors should be aware that the market for gaming peripherals is highly competitive,��but Corsair is a leading brand in the field, which should protect its ability to continue producing a healthy profit and delivering returns to investors.��, At a forward price-to-earnings ratio of 28, this growth stock��is not expensive and leaves room for further gains in 2021, especially if management continues to execute its plan to gain market share and improve margins.��. It's a crowded market, but Corsair has been around for a few decades and has already earned a top-three U.S. market share spot across most of its product lines. That reveals brand power, which is the most important advantage in this market. That is not a high valuation given Corsair's momentum, with plenty of growth still ahead. Video game hardware and peripherals maker Corsair Gaming (CRSR) on Tuesday easily beat Wall Street's targets for the third quarter and guided higher for the holiday quarter. John covers consumer goods and technology companies for Fool.com. Analyst Raises … Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. BlackRock Inc. owned approximately 2.35% of Corsair Gaming … Literally anyone can buy a video capture card and microphone and start streaming their gameplay. The product innovation from the leading manufacturers of graphics processors, such as NVIDIA��and Advanced Micro Devices, will ensure that gamers continue upgrading their PCs with new components to play the latest games. Every gamer can buy the right gear and broadcast their gameplay on popular game streaming platforms, such as Amazon's Twitch, to build a following and be their own content producer. See you at the top! The Motley Fool - 1 month ago. Here's why the best is yet to come. Corsair Gaming shares were trading up 8% at $26.99 on Wednesday. Game and creator segment revenue was up 128.8% year-over-year to $161.6 million. The CORSAIR Gaming hub brings together the best content from our esports teams and streamers, and the latest tips and tricks to help you game like a pro. Market data powered by FactSet and Web Financial Group. The company reported $0.54 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.26 by $0.28. What's more, Corsair has successfully expanded into new product categories over time, including console controllers and prebuilt gaming PCs and laptops. Opinions of the stock are interesting as 0 analysts out of 0 who provided ratings for Corsair Gaming Inc. declared the stock was a “buy,” while 0 rated the stock as … This trend also explains why gamers want to start streaming and connecting with others through online chat. In 2020, gaming has taken a huge step toward being another social media outlet, as players stream their gameplay to the masses on Amazon's��Twitch and other streaming platforms. Corsair Gaming Inc. (NASDAQ:CRSR) went down by -1.51% from its latest closing price compared to the recent 1-year high of $51.37. For example, in its S-1 registration filing ahead of its initial public offering, Corsair explained that the acquisition of Elgato in 2018 allows it to potentially sell products for other streaming use cases, including products for podcasting, video blogging, interactive fitness, and work-from-home needs.��, Most importantly, management is allocating capital to steer its product portfolio to drive growth in profits, which is fundamental to fueling a higher stock price.��Corsair's gross profit margin has improved substantially over the last year, largely thanks to the shift in sales to higher-margin streaming products.��. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. For gaming, the Corsair K60 RGB Pro is a reliable companion. Cumulative Growth of a $10,000 Investment in Stock Advisor, Corsair Gaming Stock Jumped 143% in 2020, but Has Room to Run @themotleyfool #stocks $CRSR, leading manufacturers of graphics processors, The New Console Cycle Is Here! Market data powered by FactSet and Web Financial Group. Gamers spent a total of 12 billion hours watching gaming content in 2019.Â. In other words, it's mostly hardcore gamers who are driving revenue growth at Corsair right now. But as more casual gamers begin upgrading, the market could explode. The business had revenue of $457.10 million for the quarter, compared to the consensus estimate of $400.19 … The fund acquired 2,161,360 shares of the company’s stock, valued at approximately $43,443,000. Social connections are increasingly driving the growth in the video game industry. However, live game streaming is a whole other animal. The growth story could get even better if Corsair can expand to new product categories. Returns as of 12/14/2020. Based on that finding, the company will likely do fine if just a small percentage of gaming enthusiasts continue to buy its products. It was comfortable for hours of Total War, and it never let … Corsair Gaming Stock Jumped 143% in 2020, but Has Room to Run Investors are underestimating the long-term growth potential of this leading supplier of computer components and streaming products. Let's conquer your financial goals together...faster. Shares of Corsair Gaming (NASDAQ: CRSR), which makes gear for computer gaming and streaming, surged 58% in November, according to data from S&P Global Market Intelligence. The growing popularity of professional gaming, or esports, and the growth of live game streaming are already encouraging casual gamers to up their game. To address the needs of today's gamer, Corsair Gaming is stretching its horizons to new product categories, and it could pay off big for investors who catch on early. Image source: Corsair Gaming's November 2020 investor presentation. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. It's a market that is going viral, and Corsair Gaming is in the sweet spot. Returns as of 12/14/2020. Corsair Gaming could gain as much as $163.2 million from the IPO. Plenty of gamers are content with the single-player games on the market, but some of the most-played titles -- such as Epic Games' Fortnite, Take-Two Interactive's��Grand Theft Auto V, and Activision Blizzard's��Call of Duty -- are popular for their multiplayer game modes. All that said, this could develop into a sizable market for Corsair to cross-sell its products.Â, Corsair has plenty of competition, so its pathway to more growth won't be easy. Corsair acquires EpocCam, a webcam app for iPhone. It plans to continue looking for opportunities to expand its offerings, which suggests that Corsair could see its addressable market expand.Â. This is important because it shows that you don't have to be a celebrity to be a successful streamer. There are also several other less well-known but equally strong brands, including Razer (OTC:RZZRY), Steelseries, and Roccat, among others.Â. TechCrunch - 1 month ago. Stock Advisor launched in February of 2002. Live game streaming has emerged as a mainstream social network for millions of gamers. While Corsair operates in a highly competitive market, its latest earnings results show a business with a lot of growth potential. Have to be a successful streamer... faster company 's third-quarter conference call that most streaming channels have less 100! Paul pointed out during the company 's third-quarter conference call that most streaming channels have less 100. 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