HomeEquities ScoreHere is why Corsair Gaming Inc (CRSR) stock plunged in the after-hours...

Here is why Corsair Gaming Inc (CRSR) stock plunged in the after-hours on Thursday?

Corsair Gaming Inc. (CRSR) shares plunged 6.97% in after-hours on Thursday, October 14, 2021, and closed the daily trading at $25.10. However, in the regular trading session, CRSR’s stock gained 2.43%. CRSR shares have risen 43.59% over the last 12 months, and they have moved up 3.25% in the past week. Over the past three months, the stock has lost 8.01%, while over the past six months, it has declined 17.24%.

Let’s have a look at its recent news and developments.


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CRSR recent financial news

On October 14, 2021, Corsair Gaming, Inc. (CRSR) announced preliminary unaudited results for the quarter ended September 30, 2021, and updated the 2021 financial outlook.

  • CRSR expecting net revenue to be approximately $391 million for Q3 2021.
  • For FY 2021, its expecting net revenue of $1.825 billion to $1.925 billion.

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Q3 2021 earnings release date

Corsair will announce its third-quarter 2021 earnings and updated 2021 financial outlook before the market opens on November 2, 2021.

CRSR XENEON 32QHD165 Gaming Monitor

On September 30, 2021, Corsair Gaming, Inc. (CRSR) announced the XENEON 32QHD165, a stunning new monitor built from the ground up for gamers and creators, featuring an ultra-slim 32-inch QHD screen with a cutting-edge IPS LED panel to produce a beautiful 2560×1440 image.

The new monitor has a refresh rate of up to 165Hz and comes with AMD FreeSync™ Premium certification and NVIDIA® G-SYNC™ compatibility to keep up with every frame of the latest games.

CRSR new gaming mouse

On September 16, 2021, Corsair Gaming, Inc. (CRSR) announced the new SABRE RGB PRO WIRELESS gaming mouse, the latest addition to the CHAMPION SERIES family of products built for competition and tested by top esports professionals.

The new mousse comes with high-performance wireless speed via SLIPSTREAM WIRELESS technology, which provides extraordinary accuracy.

Opera GX and CRSR ICUE integration

On September 16, 2021, Opera GX introduced iCUE integration that makes CORSAIR (CRSR) gear dynamically respond to browsing. whenever you start the browser, open a new tab, finish a file download or complete any number of other browsing tasks, your CORSAIR gear will respond with one of a set of custom effects courtesy of Opera GX’s design team.

CRSR partnership with Ubisoft

On September 07, 2021, Corsair Gaming, Inc (CRSR) announced the continuation of its partnership with leading video game publisher Ubisoft®, to bring an immersive PC gaming experience to FarCry6 players. Far Cry® 6. Players can experience exclusive dynamic lighting effects that convey the action not just through the screen, but across their entire iCUE setup as well.

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Conclusion

The preliminary financial results and revised financial outlook were the reason behind its loss in the after-hours on Thursday. we can see it continue to decline on Friday as well.

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