Ultime notizie per Corsair Gaming (NASDAQ:CRSR) Azioni

Corsair Gaming

Corsair Gaming Inc is engaged in the business of providing high-performance gear for gamers and content creators. The product portfolio includes Cases, Keyboards, Mice, Headsets, Power Supplies, Gaming Computers, Gaming Chairs, Mousepads, and other related products. The company operates in two segments namely, Gamer and Creator peripherals, which is the key revenue-generating segment; and Gaming Components and Systems. Geographically, the group derives revenue from the Americas, Europe and the Middle East, and the Asia Pacific.

Corsair Gaming Inc

Lotus continues to achieve top-rate growth among traditional luxury car brands, delivering 7,543 vehicles1&nbsp;in the first nine months of 2024, representing a year-on-year increase of&nbsp;134%. Global allocation in terms of deliveries remained well-distributed, with Europe, China, North America and the Rest of the World regions each contributing about&nbsp;20-35%&nbsp;of the total deliveries. In the&nbsp;third quarter&nbsp;of 2024, Emeya (GT, Sedan) was delivered to Europe, whilst Eletre (SUV) reached markets including the GCC, Japan and Korea.

News

Reported Earlier, Lotus Technology Reports 134% YoY Vehicle Delivery Surge In First Nine Months Of 2024

Macro Economic Events

Econ #s

Economics

U.K. Retail Sales (YoY) For September 3.9% Vs. 3.2% Est.; 2.3% (Revised) Prior

U.K. Retail Sales (MoM) For September 0.3% Vs. -0.3% Est.; 1.0% Prior

U.K. Core Retail Sales (MoM) For September 0.3% Vs. -0.3% Est.; 1.1% Prior

U.K. Core Retail Sales (YoY) For September 4.0% Vs. 3.2% Est.; 2.2% (Revised) Prior

Netflix Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) Co-CEO&nbsp;Ted Sarandos on Thursday outlined why the streaming giant continues to hold an edge over YouTube, a subsidiary of Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google.
What Happened: During Netflix&#8217;s <a href="https://www.benzinga.com/news/earnings/24/10/41391637/netflix-q3-earnings-revenue-beats-eps-tops-q4-guidance-projects-subscriber-boost-from-squid-game-nf">third-quarter earnings</a> call, a question about&nbsp;YouTube&#8217;s growing share of TV&nbsp;consumption was raised.
In response, Sarandos highlighted Netflix&#8217;s commitment to investing in premium content to increase viewer engagement, stating, &#8220;Netflix is the best place&nbsp;for premium stories because we&#8217;re&nbsp;the home to the best&nbsp;storytellers.&#8221;
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/10/41375934/meta-confirms-layoffs-across-instagram-whatsapp-and-reality-labs-amid-strategic-reshuffle?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Meta Confirms Layoffs Across Instagram, WhatsApp And Reality Labs Amid Strategic Reshuffle</a>
Regarding YouTube, he said, &#8220;When I look at YouTube specifically, I&#8217;d say look, we compete directly with YouTube for people&#8217;s time, for the time they spend on that TV screen. But we have very different strengths.&#8221;
Another, Netflix Co-CEO Greg Peters added that Netflix plays a crucial role for consumers seeking high-quality movies and TV shows, and for creators looking for partners willing to share the inherent risks of bringing stories to life.
&#8220;A Hundred Years of Solitude, Senna, both coming from Latin America, which are huge, ambitious projects. It&#8217;s hard to imagine how those kind of big creative bets would be possible with YouTube&#8217;s model,&#8221; Peters stated.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: Netflix&#8217;s third-quarter financial results showed a 15% year-over-year increase in revenue, beating Street consensus estimates.
Moreover, Netflix&#8217;s recent foray into live sports programming indicates a strategic shift from its traditional on-demand model. This move aims to capture high-impact moments and the <a href="https://www.benzinga.com/general/entertainment/24/10/41395213/netflixs-200b-hour-problem-why-live-sports-are-just-a-drop-in-the-streaming-ocean">excitement of global live events</a>, further enhancing viewer engagement.
During the <a href="https://www.benzinga.com/news/earnings/24/07/39849026/netflix-q2-earnings-highlights-revenue-beat-eps-beat-advertising-revenue-more-meaningful-squid-game" target="_blank" rel="noreferrer noopener">second-quarter earnings</a> call, Netflix executives were asked questions about YouTube.
At the time, Sarandos&nbsp;said, &#8220;So our two services — us and YouTube represent about 50% of all streaming to the TV in the U.S. and we use the U.S. only because that's where we have the data.&#8221;
&#8220;So really what we're focused on here is focusing ourselves on that other 80% of total TV time that isn't going to either us or YouTube,&#8221; he said in July.
Sarandos <a href="https://www.benzinga.com/general/entertainment/24/07/39853498/netflix-aims-to-capture-broader-tv-market-sees-youtube-as-both-competitor-and-partner-we-ki">reiterated Netflix&#8217;s commitment to focus</a> on the remaining 80% of the market during the third-quarter call too.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Unsplash

Entertainment

Equities

Markets

Tech

General

GOOG

GOOGL

NFLX

Netflix's Ted Sarandos Downplays Concerns Of YouTube's Growing Share Of TV Consumption: 'We're The Home To The Best Storytellers'

Orders and deliveries
In Q3, net order intake decreased by 8% to 43,234 trucks and deliveries decreased by 16% to 46,266 units. Deliveries of heavyduty trucks decreased by 9%, of medium-duty trucks by 21% and of light-duty trucks by 61%.

Earnings

VLVLY

Volvo's Q3 Saw 8% Drop In Net Order Intake To 43,234 Trucks, With Deliveries Down 16% To 46,266 Units

Volvo (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VLVLY#OTC">VLVLY</a>) reported quarterly earnings of $0.47 per share. This is a 26.18 percent decrease over earnings of $0.64 per share from the same period last year. The company reported $11.22 billion in sales this quarter. This is a 8.38 percent decrease over sales of $12.25 billion the same period last year

VLVCY

Volvo Q3 EPS $0.47 Down From $0.64 YoY, Sales $11.22B Down From $12.25B YoY

Sam Altman&#8217;s cryptocurrency-based <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37573206/sam-altmans-worldcoin-halts-id-verification-in-spain-amid-legal-tussle">identity verification project</a> Worldcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">WLD</a>) will now be known as &#8220;World.&#8221; Apart from the rebrand, the team also announced the launch of World Chain, an Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)-based Layer-2 network.
What Happened: At an event on Thursday, OpenAI CEO Altman, along with the other executives tied to the project, unveiled several new developments.
The team outlined their plans for &#8220;Orb 2.0,&#8221; an enhanced version of the biometric imaging device that the project uses to collect people's iris in exchange for WLD tokens.
The team also announced the introduction of World Chain, a blockchain that can be customized to meet its specific demands. With 15 million human data points, it was dubbed the &#8220;largest blockchain of humans on day one.&#8221;
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41319774/if-you-invested-1-000-in-bitcoin-when-warren-buffett-called-it-rat-poison-squared-heres-ho?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">If You Invested $1,000 In Bitcoin When Warren Buffett Called It &#8216;Rat Poison Squared,&#8217; Here&#8217;s How Much You</a>
Why It Matters: Sam Altman launched the Worldcoin project last year amid significant media attention. 
However, the positive publicity soon transformed into negative publicity as concerns over personal data privacy surfaced. The project has been banned in&nbsp;<a href="https://www.benzinga.com/markets/asia/24/05/38981228/sam-altman-founded-worldcoin-shown-the-door-in-hong-kong-over-privacy-concerns" target="_blank" rel="noreferrer noopener">Hong Kong</a>, Kenya, and&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39176283/sam-altman-founded-worldcoins-suspension-extended-in-spain-crypto-plunges-55-since-march-p" target="_blank" rel="noreferrer noopener">Spain</a>. 
The persistent scrutiny affected the performance of the WLD token, causing it to plunge 40% year-to-date. 
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Price Action: As of this writing, WLD was exchanging hands at $2.21, losing 1.95% in the last 24 hours, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
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Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Worldcoin<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" target="_blank" rel="noreferrer noopener"></a>

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$ETH

$WLD

Sam Altman-Founded Worldcoin Is Changing Its Name To 'World' And Launching Its Own Blockchain — WLD Token's Fortunes Set To Soar?

Reported Earlier, Chinese Unemployment Rate For September 5.1% Vs. 5.3% Est.; 5.3% Prior

Reported Earlier, China Industrial Production Year to Date (YoY) For September 5.8% Vs. 5.8% Prior

Reported Earlier, China Industrial Production (YoY) For September 5.4% Vs. 4.6% Est.; 4.5% Prior

Reported Earlier, China Gross Domestic Product (GDP) Year to Date (YoY) For Q3 4.8% Vs. 5.0% Prior

Reported Earlier, China Gross Domestic Product (YoY) For Q3 4.6% Vs. 4.6% Est.; 4.7% Prior

Reported Earlier, China Gross Domestic Product (QoQ) For Q3 0.9% Vs. 1.0% Est.; 0.7% Prior

Reported Earlier, China Fixed Asset Investment (YoY) For September 3.4% Vs. 3.3% Est.; 3.4% Prior

Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) has launched its new desktop trading platform, Robinhood Legend, at the HOOD Summit 2024, signaling a significant shift from its <a href="https://www.benzinga.com/fintech/24/10/41371235/robinhood-announces-futures-trading-index-options-trading">mobile-first approach</a> to a more comprehensive wealth management platform.
What Happened: Chief Brokerage Officer Steve Quirk emphasized the need for this transition, stating, &#8220;About 50% of all retail trading happens on a mobile device and about 50% of it happens on a desktop. We, up to this point, had only been competing on the mobile front. Now we have an alternative.&#8221; Quirk <a href="https://youtu.be/FyaBFs1dZZI?feature=shared">said</a> this in an appearance on CNBCOvertime.
Robinhood Legend is designed to appeal to more sophisticated retail investors, featuring advanced charting capabilities with up to eight simultaneous charts and enhanced technical indicators. 
CEO Vlad Tenev highlighted the initial success of the platform, announcing that the first thousand early access spots were claimed in under a minute, indicating robust demand among users.
See Also: <a href="https://www.benzinga.com/markets/equities/24/10/41395673/google-reshuffles-search-leadership-while-navigating-ai-threat-to-core-business">Google Reshuffles Search Leadership While Navigating AI Threat To Core Business</a>
Why It Matters: This development follows a series of strategic moves by Robinhood to expand its offerings. The company recently announced the launch of <a href="https://www.benzinga.com/fintech/24/10/41371235/robinhood-announces-futures-trading-index-options-trading">futures trading and index options trading</a> at the HOOD Summit 2024. This was seen as a major expansion of the platform&#8217;s offerings.
Robinhood&#8217;s acquisition of Bitstamp is also expected to <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41391989/exclusive-robinhoods-bitstamp-deal-will-drive-growth-exec-says-what-was-good-for-stocks-we">drive growth in its crypto offerings</a>. The company&#8217;s General Manager for Robinhood Crypto, Johann Kerbrat, highlighted the potential impact of this acquisition on the company&#8217;s crypto products.
Robinhood&#8217;s growth has been a topic of <a href="https://www.benzinga.com/markets/options/24/10/41389775/exclusive-cboe-ceo-says-robinhood-growth-an-eye-opener-unpredictable-2024-election-could-increase">discussion in the industry</a>, with CBOE CEO Fred Tomczyk describing it as &#8220;an eye-opener&#8221;. The company&#8217;s expansion into desktop trading is expected to further strengthen its position in the market.
Price Action: Robinhood&#8217;s stock closed at $26.32 on Thursday, down 2.27% for the day. In after-hours trading, the stock saw a slight increase of 0.38%. Year to date, Robinhood&#8217;s stock has experienced growth of 112.77%, according to <a href="https://www.benzinga.com/pro/" target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
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Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

HOOD

Robinhood Aims To Capture Beyond 50% Of Mobile Traders With Legend Desktop Platform: 'Now We Have An Alternative'

BBJP

WisdomTree Trust Japan Total Dividend Fund

Reported Earlier, Japan National Consumer Price Index (MoM) For September -0.3% Vs. 0.5% Prior

Reported Earlier, Japan National Core Consumer Price Index (YoY) For September 2.4% Vs. 2.3% Est.; 2.8% Prior

In a recent interview, former President Donald Trump advocated for a significant increase in import tariffs, a move that was slammed by Nobel winning economist Paul Krugman in a recent opinion piece.
What Happened: Trump, known for imposing substantial tariffs during his presidency, is now suggesting tariffs as high as 20 percent, including a 60 percent tariff on imports from China. Economists have voiced their opposition to these proposals, warning that such high tariffs could harm the economy, according to Krugman in his New York Times column. He said he shared a similar view.
The economist also shared the column through X and asked, &#8220;Are Trump's tariff ideas really that bad? No, they're worse.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Are Trump's tariff ideas really that bad? No, they're worse <a href="https://t.co/AgDoAYoVfQ">https://t.co/AgDoAYoVfQ</a>
&mdash; Paul Krugman (@paulkrugman) <a href="https://twitter.com/paulkrugman/status/1847062351997984849?ref_src=twsrc%5Etfw">October 17, 2024</a></blockquote>
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The former president believes that these high tariffs would reduce U.S. trade deficits and stimulate domestic manufacturing. However, this approach has been widely criticized by economists, who argue that the tariffs would not achieve these goals.
Opining on why Trump favored Tariffs, Krugman wrote, &#8220;It has never been entirely clear why Trump has a thing for tariffs. My guess is that he sees everything in terms of winners, losers and punishment.&#8221;
Trump&#8217;s proposed tariffs, if implemented, could potentially turn the clock back 90 years, raising overall tariffs to levels not seen since the era of the Smoot-Hawley Tariff Act.
Trump&#8217;s proposed tariffs were framed as a plan, they were likely to raise living costs by about 3 to 4 percent, disproportionately affecting middle- and lower-income families. Economists generally agreed that these tariffs would not boost American manufacturing or reduce the trade deficit, and could ultimately harm the economy by increasing global poverty and creating market fragmentation, said Krugman.
&#8220;What the tariffs would do is shrink our economy. They would cause us to sell less of the goods we currently export — that is, stuff we're relatively good at producing — and more stuff we aren't that good at producing. The effect would be to make the economy less efficient and poorer,&#8217; wrote the Economist.
He warned, &#8220;The Trump tariffs could cause a spike in global poverty — and, it's easy to imagine, global conflict.&#8221;
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41331839/financial-sector-hits-record-highs-as-goldman-sachs-bank-of-america-citi-beat-q3-ea?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Financial Sector Hits Record Highs As Goldman Sachs, Bank of America, Citi Beat Q3 Earnings Expectations</a>
Why It Matters: Trump&#8217;s tariff strategy has been a topic of discussion among economists and business leaders. <a href="https://www.benzinga.com/general/politics/24/10/41371990/trump-cant-impose-tariffs-on-china-says-peter-schiff-he-can-only-impose-tariffs-on-americans-who">Peter Schiff</a>, a renowned economist, criticized Trump&#8217;s approach, stating that tariffs would only affect Americans who buy Chinese products.
Similarly, billionaire Mark Cuban <a href="https://www.benzinga.com/news/24/10/41348822/mark-cuban-says-he-knows-what-trump-wants-to-achieve-with-tariffs-but-the-ex-president-has-no-idea-w">expressed his skepticism</a> about Trump&#8217;s approach to revitalizing U.S. manufacturing through tariffs. In a post, Cuban argued that Trump does not understand what it takes to achieve his goals.
Trump defended his tariff strategy during an <a href="https://www.benzinga.com/general/politics/24/10/41344136/trump-goes-on-the-defense-about-massive-effect-of-tariffs-economic-growth-putin-relationship-djt">interview</a> at the Economic Club of Chicago, stating that tariffs have a &#8220;massive effect.&#8221;
Image via Flickr
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</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Politics

Paul Krugman Warns Trump's Tariff Plan Could Rewind Economic Progress 90 Years and Ignite Global Conflict: 'He Sees Everything In Terms Of Winners, Losers And Punishment'

The gaming peripheral industry is evolving rapidly due to the rising popularity of e-sports tournaments. So, let's analyze Corsair Gaming (CRSR) and Logitech International (LOGI) to determine which gaming peripheral stock is a better investment. Read more... The growing number of gaming enthusiasts drives the global gaming peripherals market in conjunction with the rising popularity of e-sports tournaments. The industry is further aided by the popularity of e-sports and other games, which have led to the launch of specialized gaming keyboards and gamepads.
The global gaming peripheral market is predicted to grow at a <a href="https://www.zionmarketresearch.com/report/gaming-peripheral-market">CAGR of roughly 9.5% between 2024 and 2032</a>.   
Moreover, e-sports has emerged as a global phenomenon, attracting millions of viewers and generating substantial revenue. This has led to an <a href="https://www.statista.com/outlook/amo/media/games/gaming-hardware/worldwide">increasing demand for gaming hardware capable of supporting competitive play</a>, such as high-performance gaming PCs, mice, and keyboards.
Against this backdrop, let's compare two <a href="https://stocknews.com/category/technology-hardware/">Technology - Hardware</a> stocks, Corsair Gaming, Inc. (<a href="https://stocknews.com/stock/CRSR/">CRSR</a>) and Logitech International S.A. (<a href="https://stocknews.com/stock/LOGI/">LOGI</a>), to analyze which gaming peripheral stock could be a better investment.
The Case for Corsair Gaming, Inc. stock
Valued at $710.28 million by market cap, Corsair Gaming, Inc. (<a href="https://stocknews.com/stock/CRSR/">CRSR</a>) designs, develops, markets, and sells gaming and streaming peripherals, components, and systems in the Americas, Europe, the Middle East, and the Asia Pacific.
CRSR's stock has declined 39.7% over the past three months to close the last trading session at $6.82.
In terms of the trailing-12-month net income margin, CRSR's 24.78% is 50.1% lower than the 49.62% industry average. Likewise, its 1.95% trailing-12-month <a href="https://www.investopedia.com/terms/e/ebitda-margin.asp">EBITDA margin</a> is 80.9% lower than the industry average of 10.21%.
CRSR's net revenue for the second quarter that ended June 30, 2024, declined 80.3% year-over-year to $261.30 million. The company's net loss and net loss per share attributable to common stockholders of CRSR came in at $23.51 million and $0.28, up significantly from the prior year's quarter, respectively.
Street expects CRSR's revenue for the quarter ending September 2024 to decline 16.7% year-over-year to $302.44 million. The company's EPS for the same quarter is expected to decline 53% year-over-year to $0.06. Moreover, the company failed to surpass consensus EPS estimates in each of the trailing four quarters.
CRSR's bleak fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall D rating, equating to Sell in our proprietary rating system. The POWR Ratings are calculated by considering 118 distinct factors, with each factor weighted to an optimal degree.
The stock has a D grade for Momentum, Sentiment, and Quality. Within the B-rated <a href="https://stocknews.com/category/technology-hardware/">Technology - Hardware</a> industry, CRSR is ranked #30 out of 39 stocks.
In addition to the POWR Ratings I've just highlighted, you can see CRSR's ratings for Growth and Stability <a href="https://stocknews.com/stock/CRSR/">here</a>.
The Case for Logitech International S.A. stock
Valued at $13.95 billion by market cap, Logitech International S.A. (<a href="https://stocknews.com/stock/LOGI/">LOGI</a>) designs, manufactures, and markets software-enabled hardware solutions that connect people to working, creating, gaming, and streaming worldwide. The company is based in Lausanne, Switzerland.
On August 19, 2024, LOGI announced that it partnered with Aimlabs, a platform developed by State Space Labs, Inc., to introduce The Gauntlet. This exciting new competition was part of the Global Logitech G PLAYDAYS initiative and featured over $100,000 in cash and prizes for participants.
LOGI's stock has gained 2.2% over the past month to close the last trading session at $90.86.
In terms of the trailing-12-month asset turnover ratio, LOGI's 1.24x is 100.2% higher than the 0.62x industry average. Likewise, its 15.18% trailing-12-month EBIT margin is 202.9% higher than the 5.01% industry average.
LOGI's net sales for the first quarter that ended June 30, 2024, came in at $1.09 billion, up 77.4% year-over-year. Its non-GAAP operating income rose 67% year-over-year to $182.44 million. Its non-GAAP net income increased 68.9% year-over-year to $174.63 million, and its non-GAAP net income per share grew 73.8% over the previous year's quarter to $1.13.
Street expects LOGI's revenue for the second quarter ending September 2024 to increase 5% year-over-year to $1.11 billion. Its EPS is expected to be $1.07 for the same quarter. Moreover, the company surpassed consensus revenue and EPS estimates in each of the trailing four quarters.
LOGI's strong fundamentals are reflected in its POWR Ratings. The stock has an overall B rating, translating to a Buy in our proprietary rating system.
LOGI has an A grade for Quality. It is ranked #15 out of 39 stocks in the same industry.
<a href="https://stocknews.com/stock/LOGI/">Click here</a> for the additional POWR Ratings for LOGI (Value, Growth, Sentiment, Stability, and Momentum).
Corsair vs. Logitech: Which Gaming Peripheral Stock is a Better Investment?
Customers worldwide are increasingly looking for high-performance gaming hardware that can handle the demands of modern gaming. They seek devices with powerful processors, high-resolution displays, and fast refresh rates to enhance their gaming experience, thereby driving growth in the gaming peripheral industry. 
Both CRSR and LOGI stand to capitalize on these burgeoning industry trends. However, LOGI's higher profitability and strong analysts' sentiments favor it as the better gaming peripheral stock pick.
Our research shows that the odds of success increase when one invests in stocks with an Overall Rating of Strong Buy or Buy. View all the top-rated stocks in the Technology - Hardware industry <a href="https://stocknews.com/category/technology-hardware/">here</a>.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
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LOGI shares were trading at $91.10 per share on Tuesday afternoon, up $0.24 (+0.26%). Year-to-date, LOGI has declined -4.17%, versus a 18.97% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Nidhi Agarwal</h2> <img src='https:/wp-content/uploads/2023/03/Nidhi-Agarwal_Headshot-3.jpg' style="float:left; padding:5px;width:125px;">Nidhi is passionate about the capital market and wealth management, which led her to pursue a career as an investment analyst. She holds a bachelor's degree in finance and marketing and is pursuing the CFA program.

Her fundamental approach to analyzing stocks helps investors identify the best investment opportunities.<a href="https://stocknews.com/authors/?author=nidhi-agarwal">More...</a>The post <a href=https://stocknews.com/news/logi-crsr-corsair-vs-logitech-which-gaming-peripheral-stock-is-a-better/>Corsair vs. Logitech: Which Gaming Peripheral Stock Is a Better Investment?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Corsair vs. Logitech: Which Gaming Peripheral Stock Is a Better Investment?

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The gaming peripheral industry is evolving rapidly due to increasing internet penetration worldwide, in confluence with the introduction of gaming PCs and laptops. So, let's analyze Logitech International (LOGI) and Corsair Gaming (CRSR) to determine which gaming peripheral stock has the edge ahead of earnings. Read more... The global gaming peripherals market is driven by the growing number of gaming enthusiasts in conjunction with the rising popularity of e-sports tournaments. The industry is further aided by the popularity of e-sports and other games, which have led to the launch of specialized gaming keyboards and gamepads. 
The global gaming peripheral market is predicted to grow at a <a href="https://www.expertmarketresearch.com/reports/gaming-peripherals-market">CAGR of 10.3%</a> during 2024-2032.   
Moreover, based on the <a href="https://www.businessresearchinsights.com/market-reports/pc-gaming-peripheral-market-102969">rising need for a user-friendly interface</a>, availability of hardware in a small size, and rising popularity, gaming consoles are likely to see rapid growth in the near future. An increasing number of dedicated players worldwide is driving the need for an improved gaming experience.
Against this backdrop, let's compare two <a href="https://stocknews.com/category/technology-hardware/">Technology - Hardware</a> stocks, Logitech International S.A. (<a href="https://stocknews.com/stock/LOGI/">LOGI</a>) and Corsair Gaming, Inc. (<a href="https://stocknews.com/stock/CRSR/">CRSR</a>), to analyze which gaming peripheral stock has the edge ahead of their earnings.
The Case for Logitech International S.A. stock
Valued at $14.71 billion by market cap, Logitech International S.A. (<a href="https://stocknews.com/stock/LOGI/">LOGI</a>) designs, manufactures, and markets software-enabled hardware solutions that connect people to working, creating, gaming, and streaming worldwide. The company is based in Lausanne, Switzerland.
On August 19, 2024, LOGI announced that it has partnered with Aimlabs, a platform developed by State Space Labs, Inc., to introduce The Gauntlet. This exciting new competition was part of the Global Logitech G PLAYDAYS initiative and features over $100,000 in cash and prizes for participants.
LOGI's stock has gained 31.9% over the past year to close the last trading session at $89.12.
In terms of the trailing-12-month <a href="https://www.investopedia.com/terms/a/assetturnover.asp">asset turnover ratio</a>, LOGI's 1.24x is 99.4% higher than the 0.62x industry average. Likewise, its 15.18% trailing-12-month EBIT margin is 203.6% higher than the 5% industry average.
LOGI's net sales for the first quarter that ended June 30, 2024, came in at $1.09 billion, up 77.4% year-over-year. Its non-GAAP operating income rose 67% year-over-year to $182.44 million. Its non-GAAP net income increased 68.9% year-over-year to $174.63 million, and its non-GAAP net income per share grew 73.8% over the previous year's quarter to $1.13.
Street expects LOGI's revenue for the second quarter ending September 2024 to increase 5% year-over-year to $1.11 billion. Its EPS is expected to be $1.07 for the same quarter. Moreover, the company surpassed consensus revenue and EPS estimates in each of the trailing four quarters.
LOGI's strong fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall B rating, equating to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 distinct factors, with each factor weighted to an optimal degree.
LOGI has an A grade for Quality. It is ranked #14 out of 41 stocks in the <a href="https://stocknews.com/category/technology-hardware/">Technology - Hardware</a> industry.
<a href="https://stocknews.com/stock/LOGI/">Click here</a> for the additional POWR Ratings for LOGI (Value, Growth, Sentiment, Stability, and Momentum).
The Case for Corsair Gaming, Inc. stock
Valued at $731.11 million by market cap, Corsair Gaming, Inc. (<a href="https://stocknews.com/stock/CRSR/">CRSR</a>) designs, develops, markets, and sells gaming and streaming peripherals, components, and systems in the Americas, Europe, the Middle East, and the Asia Pacific.
CRSR's stock has declined 39.7% over the past three months to close the last trading session at $7.02.
In terms of the trailing-12-month gross profit margin, CRSR's 24.78% is 50.3% lower than the 49.85% industry average. Likewise, its 1.95% trailing-12-month EBITDA margin is 80.4% lower than the industry average of 9.97%.
CRSR's net revenue for the second quarter that ended June 30, 2024, declined 80.3% year-over-year to $261.30 million. The company's net loss and net loss per share attributable to common stockholders of CRSR came in at $23.51 million and $0.28, up significantly from the prior year's quarter, respectively.
Street expects CRSR's revenue for the quarter ending September 2024 to decline 16.7% year-over-year to $302.44 million. The company's EPS for the same quarter is expected to decline 53% year-over-year to $0.06. Moreover, the company has failed to surpass consensus EPS estimates in each of the trailing four quarters.
CRSR's bleak fundamentals are reflected in its POWR Ratings. The stock has an overall D rating, translating to a Sell in our proprietary rating system.
The stock has a D grade for Stability, Sentiment, and Quality. Within the same industry, CRSR is ranked #34.
In addition to the POWR Ratings I've just highlighted, you can see CRSR's ratings for Growth, Momentum, and Value <a href="https://stocknews.com/stock/CRSR/">here</a>.
Corsair (CRSR) vs. Logitech (LOGI): Which Gaming Peripheral Stock Has the Edge Ahead of Earnings?
The exponential rise in the popularity of esports and competitive gaming majorly drives the global gaming peripheral market. Professional and amateur gamers seek equipment that offers precision, responsiveness, and customization options to gain a competitive edge. Furthermore, the ever-evolving gaming landscape fuels a constant need for innovation in peripherals. 
Both LOGI and CRSR stand to capitalize on these burgeoning industry trends. However, LOGI's higher profitability and strong analysts' sentiments favor it as the better gaming stock pick.
Our research shows that the odds of success increase when one invests in stocks with an Overall Rating of Strong Buy or Buy. View all the top-rated stocks in the Technology - Hardware industry <a href="https://stocknews.com/category/technology-hardware/">here</a>.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

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LOGI shares were trading at $89.19 per share on Monday afternoon, up $0.10 (+0.11%). Year-to-date, LOGI has declined -6.18%, versus a 21.13% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Nidhi Agarwal</h2> <img src='https:/wp-content/uploads/2023/03/Nidhi-Agarwal_Headshot-3.jpg' style="float:left; padding:5px;width:125px;">Nidhi is passionate about the capital market and wealth management, which led her to pursue a career as an investment analyst. She holds a bachelor's degree in finance and marketing and is pursuing the CFA program.

Her fundamental approach to analyzing stocks helps investors identify the best investment opportunities.<a href="https://stocknews.com/authors/?author=nidhi-agarwal">More...</a>The post <a href=https://stocknews.com/news/logi-crsr-corsair-crsr-vs-logitech-logi-which-gaming-peripheral-stock-has/>Corsair (CRSR) vs. Logitech (LOGI): Which Gaming Peripheral Stock Has the Edge Ahead of Earnings?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Corsair (CRSR) vs. Logitech (LOGI): Which Gaming Peripheral Stock Has the Edge Ahead of Earnings?

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