Corsair Gaming, Inc. Stock Price, News & Analysis

Corsair Gaming (NASDAQ:CRSR) has acquired Visuals by Impulse, a major design platform for creators, enhancing its Elgato brand. Founded in 2015, VBI serves over 200,000 creators with customizable streaming designs. This acquisition aims to strengthen Corsair's mission to empower content creators, making design accessible and innovative. The collaboration is expected to introduce unique synergies, particularly by integrating VBI’s design prowess with Elgato’s streaming platforms, such as Stream Deck.

Corsair Gaming (NASDAQ:CRSR) reported strong preliminary financial results for Q4 and full year 2020. Net revenue for Q4 surged 70.4% to $556.3 million, driven by significant growth in both gamer peripherals (up 104%) and gaming components (up 56.8%). Full year revenue reached $1.7 billion, a 55.2% increase. Moreover, operating income increased 568% year-over-year to $158.4 million. The company anticipates 2021 revenues between $1.8 billion and $1.95 billion, backed by continued growth in the gaming market.

Corsair Gaming, Inc. (NASDAQ:CRSR) announced the launch of three new Gen4 PCIe x4 NVMe M.2 Solid State Drives: the MP600 CORE, MP600 PRO, and MP600 PRO Hydro X Edition. These SSDs utilize PCIe Gen4 technology, offering exceptional transfer speeds, with the MP600 PRO models reaching up to 7,000MB/sec read speeds. The drives come in various capacities: MP600 CORE (1TB, 2TB, 4TB), MP600 PRO (1TB, 2TB, 4TB soon), and MP600 PRO Hydro X (2TB). All models feature a five-year warranty and are available from Corsair's webstore and authorized retailers.

Corsair Gaming, Inc. (NASDAQ:CRSR) has completed a public offering of 8,625,000 shares at $35.00 each, yielding approximately $301.9 million in gross proceeds. The offering included 1,125,000 shares from underwriters' options. All net proceeds will go to selling stockholders. This offering was facilitated by Goldman Sachs, Barclays, and Credit Suisse among others, under a registration statement declared effective on January 21, 2021. No securities sales are permitted in jurisdictions without registration.

Corsair Gaming, Inc. (NASDAQ:CRSR) announced its fourth quarter and full-year 2020 earnings release, scheduled for February 9, 2021, before market opening. A conference call will follow at 5:30 a.m. PT to discuss the results. CEO Andy Paul and CFO Michael G. Potter will present at the Goldman Sachs Technology and Internet Virtual Conference on February 11, 2021, at 2:20 p.m. ET. Investors can access the conference call and its replay via Corsair's Investor Relations website.

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.