Corsair Gaming downgraded to strong sell, following Q2 earnings beat

The Goldman Sachs Group downgraded Corsair Gaming (CRSR) to a strong sell rating on Wednesday.

The rating change follows the company's second-quarter earnings report released on August 6.

Corsair reported earnings of $0.23 per share for the quarter. This result was significantly higher than the consensus analyst estimate of $0.07 per share.

Quarterly revenue reached $314.33 million. This figure exceeded the $310.47 million consensus estimate.