Corsair Gaming Shares Down 8% Following Preannounced Q3 Results
Corsair Gaming, Inc. (NASDAQ:CRSR) shares closed with an 8.12% loss on Friday following the company’s preannounced results for Q3.
While it is no surprise that supply chain issues hurt the company in Q3, the analysts at Wedbush think that the impact was far greater than what investors expected. The company reduced its 2021 revenue guidance to $1.825 – 1.925 billion (vs. prior $1.9 – 2.1 billion).
According to the brokerage, it seems that demand was strong, but the company was unable to fully supply components to DIY gamers looking to build new systems or enhance existing systems in the quarter. The brokerage anticipates supply to grow sufficiently to meet demand in 2022, but expects reduced gross margin from higher shipping costs.
| Symbol | Price | %chg |
|---|---|---|
| 005070.KS | 138000 | -2.32 |
| 7751.T | 4403 | 0 |
| 2382.TW | 323 | -0.93 |
| AXIO.JK | 175 | 0 |
CRSR Ratings Summary
CRSR Quant Ranking
Related Analysis
