Welcome to our dedicated page for Corsair Gaming news (Ticker: CRSR), a resource for investors and traders seeking the latest updates and insights on Corsair Gaming stock.
Corsair Gaming, Inc. (NASDAQ: CRSR) is a leading provider of high-performance gear and technology for gamers, content creators, and PC enthusiasts. Founded in 1994, Corsair has grown from pioneering the high-performance DRAM market to becoming one of the world's top providers of enthusiast-grade PC components and peripherals.
Under the Corsair brand, the company offers a diverse product portfolio that includes PC cases, gaming keyboards, mice, headsets, power supplies, gaming computers, gaming chairs, mousepads, and other related accessories. These products are designed to meet the demands of both esports professionals and casual gamers, providing the best gaming experience through cutting-edge technology and innovation.
Corsair operates through two main segments: Gamer and Creator Peripherals and Gaming Components and Systems. The Gamer and Creator Peripherals segment includes products like keyboards, mice, and headsets, which are significant revenue drivers for the company. The Gaming Components and Systems segment encompasses PC components such as memory, power supplies, and cooling solutions.
Corsair's commitment to quality and innovation is evidenced by its continuous investment in research and development. The company has forged strategic partnerships with industry leaders to stay ahead in the ever-evolving tech landscape. The result is a range of products that not only meet but often exceed the expectations of the gaming community.
Financially, Corsair has shown strong performance, driven by growing demand for gaming gear and peripherals. The company derives its revenue from several key regions, including the Americas, Europe and the Middle East, and the Asia Pacific, ensuring a broad market presence.
Among its recent achievements, Corsair has introduced groundbreaking products that have set new benchmarks in the industry. The company continues to expand its product line to cater to the evolving needs of gamers and content creators, aiming to deliver unmatched consumer experiences.
Corsair's vision is not just to cater to the present needs but also to anticipate future trends and demands. With a dedicated team of builders, creators, and gamers, Corsair is more than just a tech company; it's a community of enthusiasts striving to achieve excellence in every product it offers. For the latest news and updates about Corsair Gaming, Inc., stay tuned to our page.
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.
Corsair Gaming (NASDAQ:CRSR) has acquired EpocCam, a popular video app with over 5 million downloads that transforms iOS devices into wireless HD webcams. This acquisition aims to enhance Corsair's content creator offerings through its Elgato subsidiary, with EpocCam's lead developer joining as a Principal Software Engineer. The relaunch of EpocCam focuses on improved user experience and integration within Elgato's ecosystem, facilitating seamless streaming and recording for users. Further updates for the app are already underway.
Corsair Gaming, Inc. (NASDAQ:CRSR) announced its third quarter 2020 earnings release scheduled for November 10, 2020, prior to market opening. A conference call will follow at 5:30 a.m. Pacific Time to discuss the results. The company will also participate in various investor conferences, including the Stifel Midwest 1x1 Growth Virtual Conference on November 11, and the Credit Suisse Virtual Technology Conference on November 30. Corsair is a leader in high-performance gaming gear, catering to gamers and content creators.
Corsair Gaming has launched the HS75 XB WIRELESS Gaming Headset, the first officially licensed headset for Microsoft Xbox. Compatible with Xbox One and Xbox Series X/S, it features Dolby Atmos for immersive sound, a noise-cancelling microphone, and custom-tuned 50mm neodymium drivers. The headset connects directly to Xbox consoles without a receiver and offers 20 hours of battery life. With plush ear pads and a durable aluminum frame, it is designed for comfort. The HS75 XB WIRELESS is available now through Corsair's webstore and authorized retailers, backed by a two-year warranty.
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