Video games have become the largest entertainment industry, with an estimated annual value of around $200 billion. Gaming has always been a promising area to check for under-the-radar growth stocks, since it's an industry that is not widely understood on Wall Street. One of the reasons is that video game companies don't provide year-to-year revenue growth like typical growth stocks, but they still can deliver market-beating returns.
FREMONT, Calif., June 09, 2022--Corsair Gaming, Inc. (Nasdaq:CRSR) ("Corsair"), a leading global provider and innovator of high-performance gear for gamers and content creators, today announced it will present to institutional investors virtually at the 2022 Wedbush WE3.
Corsair Gaming's (NASDAQ: CRSR) stock price has fallen off a cliff in the past year, losing over half of its value as investors have worried that the company's pandemic-driven sales surge may not last forever. Corsair's first-quarter 2022 results, which were released on May 5, make it clear that the company has indeed lost the boost provided by shelter-in-place orders, which were put in place a couple of years ago to get control of the COVID-19 outbreak. The company, which sells video gaming hardware and peripherals, was a big winner amid the pandemic as an increase in the number of people playing video games to keep themselves entertained while being locked down created healthy demand for its offerings.