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How to buy stock in Corsair (CRSR)

This gaming hardware giant is thriving and on track for record revenue.

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Corsair is now available to purchase on the Nasdaq under the ticker symbol CRSR. Here’s how you can buy in.

How to buy Corsair stock

To buy stock when it becomes available, you’ll need to have a brokerage account. Consider opening a brokerage account today so you’re ready as soon as the stock hits the market.

  1. Compare share trading platforms. If you’re a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Corsair. Find the stock by name or ticker symbol: CRSR. Research its history to confirm it’s a solid investment against your financial goals.
  4. Purchase now or later. Buy immediately with a market order or use a limit order to delay your purchase until Corsair reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. your budget against a diversified portfolio that can minimize risk through the market’s ups and downs. You may be able to buy a fractional share of Corsair, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Corsair. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

What we know about Corsair’s IPO

On September 1, Corsair filed an S-1 with the U.S. Securities and Exchange Commission. It launched on September 23 on the Nasdaq under the ticker symbol “CRSR.” The deal was underwritten by Goldman Sachs, Barclays and Credit Suisse, among others.

Corsair stock is now available to purchase. To invest, you’ll need a brokerage account.

What we know about Corsair’s balance sheet

According to Newzoo, the gaming industry is a sizable one, with an estimated 2.6 billion gamers worldwide spending a collective $148.8 billion on games in 2019. And Jon Peddie Research estimates that the 2020 PC gaming hardware market is set to swell by $3.6 billion — up 10.3% from last year — a figure it attributes to the global pandemic. Sounds like a good time to be a gaming hardware company.

Corsair states that as of June 2020, it commands 18.3% of the US gaming peripherals market and 41.9% of the gaming PC components market. So how do those figures translate on a balance sheet?

Well, in 2018, Corsair pulled in $937.6 million of net revenue. And in 2019, it finished the year with $1.097 billion. Exciting figures, but important to note that the company also recorded losses of $13.7 million in 2018 and $8.4 million in 2019.

That said, Corsair is on track for another billion dollars of net revenue in 2020 and here’s the best part: it’s turning a profit. The company recorded a $23.8 million profit between January and June 2020.

Corsair isn’t just growing — it’s profitable. And this distinguishes it from many of its loss-making peers in the tech sector launching IPOs this season.

Corsair investment risks

On paper, Corsair looks like a solid investment. But despite its success, Corsair isn’t immune to risk.

In its S-1 filing, Corsair outlines the following major risks to its business:

  • Competition. Consistent price pressure from competitors coupled with the ongoing demand for new hardware features means Corsair must quickly adapt to the shifting demands of the market.
  • Cloud computing. Emerging cloud computing technology could render Corsair’s high-performance computer hardware obsolete.
  • Overseas manufacturing. With all of Corsair’s gear manufactured in Asia, its profitability may be impacted by shifting exchange rates and transportation costs.

Corsair compared

Corsair is a computer peripherals and hardware manufacturer. The company was founded in 1994 and is headquartered in Fremont, California. It manufactures keyboards, gaming mice, wireless headsets and the Corsair One fully-integrated gaming PC.

Corsair is an accredited business with the Better Business Bureau with an A+ rating. It has a TrustScore of 2.3 out of 5 based on the feedback of 470 customers.

How are similar stocks performing?

Most of Corsair’s biggest competitors are international companies that trade on foreign exchanges. To invest, you’ll need a brokerage account that offers access to international stocks. While it’s impossible to predict how Corsair’s stock will perform, comparing the performance of similar companies can help you gauge how the market as a whole is performing.

Select a company to learn more about what they do and how their stock performs, including market capitalization, the price-to-earnings (P/E) ratio, price/earnings-to-growth (PEG) ratio and dividend yield. While this list includes a selection of the most well-known and popular stocks, it doesn't include every stock available.

Compare online trading platforms

To buy stock, you’ll need to open a brokerage account. Compare your options using the table to find the best fit.

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Disclaimer: The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

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