Corsair Gaming call volume above normal and directionally bullish » 14:0511/1911/19/20
Bullish option flow…
Bullish option flow detected in Corsair Gaming with 12,517 calls trading, 3x expected, and implied vol increasing over 19 points to 121.56%. Nov-20 40 calls and Dec-20 40 calls are the most active options, with total volume in those strikes near 6,100 contracts. The Put/Call Ratio is 0.26. Earnings are expected on March 16th.
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Corsair Gaming price target raised to $31 from $24 at Credit Suisse » 07:1711/1111/11/20
Credit Suisse analyst…
Credit Suisse analyst Matthew Cabral raised the firm's price target on Corsair Gaming to $31 from $24 and keeps an Outperform rating on the shares following quarterly results. The analyst notes that Q3 was a strong start out of the gate for Corsair, with significant tailwinds from a robust demand environment for PC gaming. Overall, Cabral believes Corsair is well positioned to capitalize in the strong secular growth in PC gaming ahead, with a further boost from its push into attractive adjacencies.
Corsair Gaming price target raised to $30 from $24 at Barclays » 06:4511/1111/11/20
Barclays analyst Mario Lu…
Barclays analyst Mario Lu raised the firm's price target on Corsair Gaming to $30 from $24 and keeps an Overweight rating on the shares following the company's "strong" quarter. Corsair handily beat expectations across the board as demand continues to outpace supply, Lu tells investors in a research note.
Corsair Gaming price target raised to $30 from $23 at Baird » 06:4011/1111/11/20
Baird analyst Colin…
Baird analyst Colin Sebastian raised the firm's price target on Corsair Gaming to $30 from $23 and keeps an Outperform rating on the shares. The analyst noted its better than expected Q3 results and its raised guidance which reflect a very strong demand environment for high end video game components and peripherals, as well as the company's fast growing streaming gear segment.
Elgato partners with Pipeline » 09:4611/0911/09/20
Elgato announced a…
Elgato announced a multi-year partnership with Pipeline, the leading training and mentorship platform for aspiring live streamers. Both CORSAIR and Elgato have a long history of building and refining the tools needed to be a successful creator, and adding Pipeline's unique education and community platform creates a set of services that will help any streamer kick-start their career. Under the terms of the partnership, Elgato and Pipeline are offering a Streamer Starter Kit that includes a twelve-month Pipeline membership and three Elgato products: the Wave:1 microphone, Stream Deck Mini broadcast controller, and the newly launched Ring Light. The partnership will also see the launch of the Pipeline x CORSAIR Streamer Scholarship Program, a first-of-its-kind support system which will help amateur content creators go full-time, with financial support as well as new studio gear from CORSAIR and Elgato.
Corsair Gaming acquires Gamer Sensei, terms not disclosed » 09:3511/0911/09/20
Corsair Gaming announces…
Corsair Gaming announces it has acquired Gamer Sensei, the world's biggest esports coaching platform. Founded in 2016, Gamer Sensei connects gamers of all skill levels, from rookies to aspiring professionals, with experienced coaches who are more than just top gamers - they're great teachers. Ranging from professional gamers, both past and present, to gamers who have climbed the ranks to the very top of their games, Gamer Sensei coaches combine the skills to succeed at the highest level of games, with a patient, tailored and flexible approach to help you improve your in-game performance. Whether you're learning the ropes, climbing the ranks, or polishing your skills to the highest level, Gamer Sensei coaches provide personalized assessments and 1-on-1 coaching for more than 20 of today's most popular games, from League of Legends and DOTA 2 to Fortnite and Call of Duty: Warzone. Gamer Sensei is the largest esports coaching platform with more than 100,000 gamers coached so far, offering the widest choice in coaches and games for players looking to take their game to the next level. For aspiring coaches, Gamer Sensei offers a safe and stable platform to turn your passion into a profession, putting you in control of your available hours and coaching format.
Corsair Gaming call volume above normal and directionally bullish » 12:4511/0611/06/20
Bullish option flow…
Bullish option flow detected in Corsair Gaming with 2,065 calls trading, 1.2x expected, and implied vol increasing over 2 points to 107.39%. Nov-20 30 calls and Nov-20 35 calls are the most active options, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 0.12. Earnings are expected on November 10th.
Corsair Gaming price target raised to $30 from $25 at Wedbush » 08:2511/0411/04/20
Wedbush analyst Michael…
Wedbush analyst Michael Pachter raised the firm's price target on Corsair Gaming to $30 from $25 and keeps an Outperform rating on the shares. The analyst argues that Corsair has created a defensible niche in what otherwise appears to be a commodity business. Corsair's future growth is likely to average 10% on the top line for the next several years, although Pachter modeled more conservative annual top line growth. Because the drivers of this growth are the relatively high margin peripherals businesses, he expects Corsair margins to expand, with its product development spending and G&A growing more slowly. Those assumptions result in earnings growth for the next three years, the analyst contends.
Corsair Gaming acquires EpocCam, terms not disclosed » 09:1510/2910/29/20
Corsair Gaming announced…
Corsair Gaming announced it has acquired smartphone app EpocCam. EpocCam is one of the leading video apps in the Apple App Store with over 5 million downloads, allowing users to easily turn their iOS device, such as an iPhone or iPad, into a wireless high definition webcam for Windows and macOS. EpocCam works seamlessly with major video applications such as Zoom, Skype, OBS Studio, Google Meet, or Microsoft Teams to chat, stream, or record in HD resolution. EpocCam will join CORSAIR under its Elgato subsidiary to further expand its content creator product portfolio, with EpocCam creator and lead developer Sami Grohn joining Elgato as Principal Software Engineer. As a first step forward together, Elgato today relaunched EpocCam for iOS. Featuring a new digital presence and user experience, EpocCam has been integrated into the wider Elgato ecosystem of content creation tools, allowing users to stream, record, collaborate, and look just as polished online as they do in person. Further exciting updates to EpocCam are already in development.
Corsair Gaming initiated with a Buy at DA Davidson » 17:0710/2610/26/20
DA Davidson analyst Tom…
DA Davidson analyst Tom Forte initiated coverage of Corsair Gaming with a Buy rating and $33 price target. The analyst says the company is "well positioned" to exploit the secular shift of e-sports given its primary focus on hardware. Forte adds that Corsair is empowering consumers to engage with gaming, particularly in its "most advanced" PC form, and also expects the company to expand its services to include coaching and training to "complement its hardware efforts."