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Corsair Gaming (#CRSR) announced Q1 earnings and beat analyst expectations! The gaming company reported Non-GAAP EPS of $0.58 (beats by $0.25) and revenue of $529.4M (+71.6% Y/Y).
To top off spectacular earnings, #Corsair raised total year guidance and said they're expecting total revenue to be in the range of $1.9B to $2.1B. Shares of the company are down more than 30% from highs and there's short interest of 20%. Can the earnings beat and a short squeeze propel the stock back up to highs? Is Corsair gaming a buy on dip opportunity?