Corsair Gaming, Inc. Stock Price, News & Analysis

Corsair Gaming (NASDAQ:CRSR) announced a public offering of 7,500,000 shares of common stock at $35.00 per share, with selling stockholders receiving all net proceeds. Additionally, a 30-day option allows underwriters to purchase up to 1,125,000 more shares. The offering is expected to close on January 26, 2021, subject to customary conditions. Corsair will not benefit from the proceeds. Goldman Sachs, Barclays, and Credit Suisse are the lead managers for this offering.

Corsair Gaming, Inc. (NASDAQ:CRSR) has announced the launch of its new VENGEANCE RGB PRO SL memory kits. These high-performance DDR4 kits feature a compact 44mm form-factor with frequencies up to 3,600MHz and capacities reaching 128GB (4x32GB). The product showcases customizable ten-zone RGB lighting, compatible with the iCUE software. Optimized for Intel and AMD DDR4 motherboards, each memory module is selected for stability and overclocking potential. Available now, the VENGEANCE RGB PRO SL is backed by a limited lifetime warranty.

Corsair Gaming, Inc. (NASDAQ:CRSR) has announced a public offering of 7,500,000 shares of common stock by certain selling stockholders. An additional 1,125,000 shares may be offered through a 30-day underwriter option. The net proceeds will go entirely to the selling stockholders, with Corsair receiving no funds from this offering. The offering is subject to market conditions, and completion dates or terms remain uncertain. Leading underwriters include Goldman Sachs, Barclays, and Credit Suisse. The registration statement is pending approval from the SEC.

Corsair Gaming (NASDAQ:CRSR) has launched a new series of mid-tower ATX cases: the 5000D, 5000D AIRFLOW, and 5000X RGB. These cases feature Corsair RapidRoute cable management, excellent cooling systems, and spacious interiors supporting multiple 360mm radiators. The 5000D is designed for minimalism, while the 5000D AIRFLOW focuses on airflow optimization. The 5000X RGB showcases vibrant RGB lighting through tempered glass panels. Available now, these cases include a two-year warranty and are sold through Corsair's website and authorized retailers.

Corsair Gaming (NASDAQ:CRSR) has announced key executive promotions aimed at enhancing operational focus across its product segments. Thi La, previously COO, has been promoted to President and COO, overseeing daily operations and product lines. Key promotions include Bertrand Chevalier as EVP of Gaming Products and Geoff Lyons as SVP of PC Gaming Components. This restructuring aims to strengthen Corsair's market position and product offerings in gaming peripherals and components, continuing the company's growth trajectory.

SCUF Gaming, a subsidiary of Corsair Gaming (NASDAQ:CRSR), has launched the SCUF H1 customizable wired gaming headset, designed for competitive gamers. Incorporating technology from the award-winning CORSAIR VIRTUOSO headset, the H1 offers a lightweight design, immersive sound, and a high-resolution interchangeable microphone. Priced at $129.99, the headset features customizable options including speaker tags and memory foam earpads. It is compatible with devices equipped with a 3.5mm headphone port, making it a versatile choice for gamers.

Corsair Gaming, Inc. (NASDAQ:CRSR) announced that it expects 2020 full-year net revenue to reach $1,651 million to $1,666 million, with a growth rate of approximately 50% to 52%. The company also anticipates adjusted operating income to be $186 million to $192 million, indicating a growth of 183% to 192%. The ongoing success in their Gaming and Creator segments is attributed to strong sales of streaming products and high-end PC components. Corsair is set to discuss these results further at upcoming conferences.

Corsair Gaming (NASDAQ:CRSR) reported a strong third quarter for 2020, achieving $457.1 million in net revenue, a 60.7% increase year-over-year. The gamer and creator peripherals segment saw a remarkable growth of 128.8%, contributing $161.6 million in revenue, while gaming components and systems delivered $295.5 million with 38.3% growth. Gross profit rose by 112.4% to $127.9 million, enhancing the gross margin to 28.0%. The company anticipates full-year revenue between $1,616 million and $1,631 million.

Corsair Gaming, Inc. (NASDAQ:CRSR) has announced the acquisition of Gamer Sensei, the largest esports coaching platform, which connects gamers with experienced coaches. Founded in 2016, Gamer Sensei has coached over 100,000 gamers and offers personalized coaching for popular games such as Fortnite and DOTA 2. This strategic acquisition aims to expand Corsair's gaming portfolio and enhance its service offerings. CEO Andy Paul expressed optimism about providing gamers with needed coaching and training to improve their performance. Gamer Sensei will operate as a subsidiary along with other brands like Elgato and SCUF Gaming.